Invesco National Competition
| PZA Etf | USD 23.29 0.07 0.30% |
Invesco National vs Fidelity Advisor Correlation
Weak diversification
The correlation between Invesco National AMT Free and FACTX is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco National AMT Free and FACTX in the same portfolio, assuming nothing else is changed.
Moving together with Invesco Etf
| 0.89 | TFI | SPDR Nuveen Bloomberg | PairCorr |
| 0.72 | BAB | Invesco Taxable Municipal | PairCorr |
| 0.88 | MMIN | IQ MacKay Municipal | PairCorr |
Moving against Invesco Etf
| 0.55 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
Invesco National Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Invesco National and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Invesco and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Invesco National AMT does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
Invesco National Competition Risk-Adjusted Indicators
There is a big difference between Invesco Etf performing well and Invesco National ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Invesco National's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.45 | (0.19) | 0.00 | (0.12) | 0.00 | 3.16 | 13.02 | |||
| MSFT | 1.07 | (0.13) | 0.00 | (0.42) | 0.00 | 1.85 | 4.90 | |||
| UBER | 1.43 | (0.29) | 0.00 | (0.33) | 0.00 | 2.50 | 10.23 | |||
| F | 1.25 | 0.05 | 0.04 | 0.11 | 1.24 | 3.38 | 7.16 | |||
| T | 0.88 | (0.04) | 0.00 | (0.05) | 0.00 | 1.63 | 4.30 | |||
| A | 1.23 | (0.19) | 0.00 | (0.09) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.43 | (0.22) | 0.00 | (0.15) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.11 | (0.05) | (0.01) | 0.03 | 1.66 | 2.00 | 7.38 | |||
| MRK | 1.24 | 0.28 | 0.19 | 0.46 | 1.14 | 3.59 | 8.09 | |||
| XOM | 1.06 | 0.27 | 0.17 | 4.39 | 0.96 | 2.38 | 5.82 |
Invesco National Competitive Analysis
The better you understand Invesco National competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Invesco National's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Invesco National's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Invesco National Competition Performance Charts
Five steps to successful analysis of Invesco National Competition
Invesco National's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Invesco National AMT in relation to its competition. Invesco National's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Invesco National in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Invesco National's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Invesco National AMT, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Invesco National position
In addition to having Invesco National in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Health Care ETFs Thematic Idea Now
Health Care ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Health Care ETFs theme has 44 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Health Care ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Invesco National Correlation with its peers. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
The market value of Invesco National AMT is measured differently than its book value, which is the value of Invesco that is recorded on the company's balance sheet. Investors also form their own opinion of Invesco National's value that differs from its market value or its book value, called intrinsic value, which is Invesco National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Invesco National's market value can be influenced by many factors that don't directly affect Invesco National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Invesco National's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Invesco National should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Invesco National's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.