Invesco SPTSX Financial Statements From 2010 to 2025
| ICAE Etf | 27.21 0.08 0.29% |
Check Invesco SPTSX financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Invesco SPTSX's main balance sheet or income statement drivers, such as , as well as many indicators such as . Invesco financial statements analysis is a perfect complement when working with Invesco SPTSX Valuation or Volatility modules.
Invesco |
Invesco SPTSX Canadian ETF One Year Return Analysis
Invesco SPTSX's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Invesco SPTSX One Year Return | 25.70 % |
Most of Invesco SPTSX's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Invesco SPTSX Canadian is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
| Competition |
Based on the recorded statements, Invesco SPTSX Canadian has an One Year Return of 25.7%. This is much higher than that of the family and significantly higher than that of the Canadian Dividend and Income Equity category. The one year return for all Canada etfs is notably lower than that of the firm.
About Invesco SPTSX Financial Statements
Invesco SPTSX investors utilize fundamental indicators, such as revenue or net income, to predict how Invesco Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Invesco SPTSX is entity of Canada. It is traded as Etf on TO exchange.
Pair Trading with Invesco SPTSX
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Invesco SPTSX position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Invesco SPTSX will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 0.93 | ZWC | BMO Canadian High | PairCorr |
| 0.93 | XDV | iShares Canadian Select | PairCorr |
| 0.86 | CDZ | iShares SPTSX Canadian | PairCorr |
| 0.92 | PDC | Invesco Canadian Dividend | PairCorr |
| 0.87 | XEI | iShares SPTSX Composite | PairCorr |
Moving against Invesco Etf
The ability to find closely correlated positions to Invesco SPTSX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Invesco SPTSX when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Invesco SPTSX - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Invesco SPTSX Canadian to buy it.
The correlation of Invesco SPTSX is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco SPTSX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco SPTSX Canadian moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Invesco SPTSX can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Invesco Etf
Invesco SPTSX financial ratios help investors to determine whether Invesco Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Invesco with respect to the benefits of owning Invesco SPTSX security.