Invesco Currencyshares Euro Etf Profile
| FXE Etf | USD 96.18 0.58 0.60% |
Performance0 of 100
| Odds Of DistressOver 52
|
Invesco CurrencyShares is trading at 96.18 as of the 24th of November 2024, a 0.6 percent down since the beginning of the trading day. The etf's lowest day price was 96.0. Invesco CurrencyShares has 52 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Invesco CurrencyShares Euro are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of October 2024 and ending today, the 24th of November 2024. Click here to learn more.
The investment seeks to reflect the price in USD of the Euro. Euro Trust is traded on NYSEArca Exchange in the United States. More on Invesco CurrencyShares Euro
Moving together with Invesco Etf
| 0.98 | FXF | Invesco CurrencyShares | PairCorr |
| 0.9 | FXY | Invesco CurrencyShares | PairCorr |
| 0.93 | FXB | Invesco CurrencyShares | PairCorr |
| 0.92 | FXC | Invesco CurrencyShares | PairCorr |
| 0.86 | FXA | Invesco CurrencyShares | PairCorr |
Moving against Invesco Etf
Invesco Etf Highlights
| Business Concentration | Single Currency, Invesco (View all Sectors) |
| Issuer | Invesco |
| Inception Date | 2005-12-09 |
| Benchmark | Euro |
| Entity Type | Grantor Trust |
| Average Trading Valume | 33,287.2 |
| Asset Type | Currency |
| Category | Euro |
| Focus | Euro |
| Market Concentration | Developed Markets |
| Region | Europe |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | Invesco Capital Management LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | Invesco Distributors, Inc. |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Trustee | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Market Maker | Citadel |
| Total Expense | 0.4 |
| Management Fee | 0.4 |
| Country Name | USA |
| Returns Y T D | (3.8) |
| Name | Invesco CurrencyShares Euro Currency Trust |
| Currency Code | USD |
| Open Figi | BBG000HDFTG5 |
| In Threey Volatility | 7.74 |
| 1y Volatility | 6.07 |
| 200 Day M A | 100.26 |
| 50 Day M A | 100.38 |
| Code | FXE |
| Updated At | 24th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.65) |
| Type | ETF |
Invesco CurrencyShares Euro [FXE] is traded in USA and was established 2005-12-09. The fund is classified under Single Currency category within Invesco family. Invesco CurrencyShares currently have 369.31 M in assets under management (AUM). , while the total return for the last 3 years was -1.5%.
Check Invesco CurrencyShares Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Invesco Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Invesco Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Invesco CurrencyShares Euro Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Invesco CurrencyShares Top Holders
| CPI | IndexIQ | Etf | Conservative Allocation | |
| HMECX | Highland Merger Arbitrage | Mutual Fund | Event Driven | |
| HMEAX | Highland Merger Arbitrage | Mutual Fund | Event Driven | |
| HMEZX | Highland Merger Arbitrage | Mutual Fund | Event Driven | |
| QAI | IQ Hedge Multi Strategy | Etf | Multistrategy | |
| LSEIX | Persimmon Longshort Fund | Mutual Fund | Options Trading | |
| GLBLX | Leuthold Global Fund | Mutual Fund | World Allocation | |
| GLBIX | Leuthold Global Fund | Mutual Fund | World Allocation |
Invesco CurrencyShares Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Invesco CurrencyShares. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.7157 |
Invesco CurrencyShares Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Invesco CurrencyShares Euro. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
The market value of Invesco CurrencyShares 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 CurrencyShares' value that differs from its market value or its book value, called intrinsic value, which is Invesco CurrencyShares' 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 CurrencyShares' market value can be influenced by many factors that don't directly affect Invesco CurrencyShares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Invesco CurrencyShares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco CurrencyShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco CurrencyShares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.