Invesco Solar Financials
| TAN Etf | USD 34.64 0.31 0.90% |
Net Expense Ratio 0.0067 | 3 y Sharp Ratio (0.67) |
Invesco |
The data published in Invesco Solar's official financial statements typically reflect Invesco Solar's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Invesco Solar's quantitative information. For example, before you start analyzing numbers published by Invesco accountants, it's essential to understand Invesco Solar's liquidity, profitability, and earnings quality within the context of the Invesco space in which it operates.
Invesco Solar Etf Summary
Invesco Solar competes with SPDR Kensho, Global X, IShares Genomics, Morningstar Unconstrained, and High-yield Municipal. The fund will generally invest at least 90 percent of its total assets in the securities that comprise the underlying index.Strictly in accordance with its guidelines and mandated procedures, MAC Indexing LLC, has contracted with SP DJI Netherlands B.V. to calculate and administer the underlying index, which is a rules-based index that seeks to track the performance of companies in global solar energy businesses. Invesco Solar is traded on NYSEARCA Exchange in the United States.Invesco Solar Key Financial Ratios
Invesco Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Invesco Solar's current stock value. Our valuation model uses many indicators to compare Invesco Solar value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Invesco Solar competition to find correlations between indicators driving Invesco Solar's intrinsic value. More Info.Invesco Solar ETF is rated fourth largest ETF in price to earning as compared to similar ETFs. It is rated second largest ETF in price to book as compared to similar ETFs fabricating about 0.07 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Invesco Solar ETF is roughly 15.14 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Invesco Solar's earnings, one of the primary drivers of an investment's value.Invesco Solar ETF Systematic Risk
Invesco Solar's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Invesco Solar volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Invesco Solar ETF correlated with the market. If Beta is less than 0 Invesco Solar generally moves in the opposite direction as compared to the market. If Invesco Solar Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Invesco Solar ETF is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Invesco Solar is generally in the same direction as the market. If Beta > 1 Invesco Solar moves generally in the same direction as, but more than the movement of the benchmark.
Invesco Solar Thematic Clasifications
Invesco Solar ETF is part of several thematic ideas from Alternative Energy to Theme ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasInvesco Solar November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Invesco Solar help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Invesco Solar ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of Invesco Solar ETF based on widely used predictive technical indicators. In general, we focus on analyzing Invesco Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Invesco Solar's daily price indicators and compare them against related drivers.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 17.14 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 3.35 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Invesco Solar ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of Invesco Solar ETF 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 Solar's value that differs from its market value or its book value, called intrinsic value, which is Invesco Solar'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 Solar's market value can be influenced by many factors that don't directly affect Invesco Solar's 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 Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Solar's 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.