Invesco Fundamental Financial Statements From 2010 to 2024
| PFH-F Etf | CAD 18.12 0.02 0.11% |
Check Invesco Fundamental financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Invesco Fundamental'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 Fundamental Valuation or Volatility modules.
Invesco |
Invesco Fundamental High ETF Beta Analysis
Invesco Fundamental's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Invesco Fundamental Beta | 0.9 |
Most of Invesco Fundamental's fundamental indicators, such as Beta, 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 Fundamental High is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Invesco Fundamental High has a Beta of 0.9. This is much higher than that of the Invesco Canada Ltd. family and significantly higher than that of the Beta category. The beta for all Canada etfs is notably lower than that of the firm.
About Invesco Fundamental Financial Statements
Invesco Fundamental shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Invesco Fundamental investors may analyze each financial statement separately, they are all interrelated. The changes in Invesco Fundamental's assets and liabilities, for example, are also reflected in the revenues and expenses on on Invesco Fundamental's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the RAFI Bonds US High Yield 1-10 CAD Hedged Index, or any successor thereto. INVESCO HY is traded on Toronto Stock Exchange in Canada.
Pair Trading with Invesco Fundamental
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 Fundamental 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 Fundamental will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Invesco Fundamental 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 Fundamental 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 Fundamental - 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 Fundamental High to buy it.
The correlation of Invesco Fundamental 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 Fundamental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Fundamental High 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 Fundamental 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.Check out the analysis of Invesco Fundamental Correlation against competitors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.