Invesco FTSE Financial Statements From 2010 to 2024
| PZW Etf | CAD 37.05 0.30 0.82% |
Check Invesco FTSE financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Invesco FTSE'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 FTSE Valuation or Volatility modules.
Invesco |
Invesco FTSE RAFI ETF Price To Earning Analysis
Invesco FTSE's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Invesco FTSE Price To Earning | 15.64 X |
Most of Invesco FTSE's fundamental indicators, such as Price To Earning, 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 FTSE RAFI is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Invesco FTSE RAFI has a Price To Earning of 15.64 times. This is much higher than that of the Invesco Canada Ltd family and significantly higher than that of the Global Small/Mid Cap Equity category. The price to earning for all Canada etfs is notably lower than that of the firm.
Invesco FTSE RAFI Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Invesco FTSE's current stock value. Our valuation model uses many indicators to compare Invesco FTSE value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Invesco FTSE competition to find correlations between indicators driving Invesco FTSE's intrinsic value. More Info.Invesco FTSE RAFI is rated number one ETF in price to earning as compared to similar ETFs. It also is rated number one ETF in price to book as compared to similar ETFs fabricating about 0.08 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Invesco FTSE RAFI is roughly 12.03 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Invesco FTSE by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Invesco FTSE's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Invesco FTSE Financial Statements
Invesco FTSE 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 FTSE is traded on Toronto Stock Exchange in Canada.
Pair Trading with Invesco FTSE
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 FTSE 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 FTSE will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
Moving against Invesco Etf
| 0.93 | HIU | BetaPro SP 500 | PairCorr |
| 0.89 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.88 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.72 | ZCLN | BMO Clean Energy | PairCorr |
| 0.54 | HCLN | Harvest Clean Energy | PairCorr |
The ability to find closely correlated positions to Invesco FTSE 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 FTSE 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 FTSE - 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 FTSE RAFI to buy it.
The correlation of Invesco FTSE 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 FTSE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco FTSE RAFI 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 FTSE 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 FTSE Correlation against competitors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.