Invesco Steelpath Mlp Fund Price on September 17, 2024
| SPMJX Fund | USD 6.29 0.06 0.96% |
Below is the normalized historical share price chart for Invesco Steelpath Mlp extending back to May 24, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Invesco Steelpath stands at 6.29, as last reported on the 28th of November, with the highest price reaching 6.29 and the lowest price hitting 6.29 during the day.
If you're considering investing in Invesco Mutual Fund, it is important to understand the factors that can impact its price. Invesco Steelpath appears to be not too volatile, given 3 months investment horizon. Invesco Steelpath Mlp holds Efficiency (Sharpe) Ratio of 0.27, which attests that the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Steelpath Mlp, which you can use to evaluate the volatility of the entity. Please utilize Invesco Steelpath's Market Risk Adjusted Performance of 0.572, downside deviation of 1.0, and Risk Adjusted Performance of 0.2181 to validate if our risk estimates are consistent with your expectations.
Invesco Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Invesco |
Sharpe Ratio = 0.2686
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Estimated Market Risk
| 0.97 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average Invesco Steelpath is performing at about 21% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Invesco Steelpath by adding it to a well-diversified portfolio.
Invesco Steelpath Valuation on September 17, 2024
It is possible to determine the worth of Invesco Steelpath on a given historical date. On September 17, 2024 Invesco was worth 5.4 at the beginning of the trading date compared to the closed value of 5.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Invesco Steelpath mutual fund. Still, in general, we apply an absolute valuation method to find Invesco Steelpath's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Invesco Steelpath where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Invesco Steelpath's related companies.
| Open | High | Low | Close | Volume | |
| 5.40 | 5.40 | 5.40 | 5.40 | 1.00 | |
09/17/2024 | 5.40 | 5.40 | 5.40 | 5.40 | 1.00 |
| 5.38 | 5.38 | 5.38 | 5.38 | 1.00 |
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Invesco Steelpath Trading Date Momentum on September 17, 2024
| On September 18 2024 Invesco Steelpath Mlp was traded for 5.38 at the closing time. The highest daily price throughout the period was 5.38 and the lowest price was 5.38 . There was no trading activity during the period 1.0. Lack of trading volume on 09/18/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 0.37% . The trading delta at closing time to current closing price is 1.85% . |
Invesco Steelpath Mlp Fundamentals Correlations and Trends
By evaluating Invesco Steelpath's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Invesco Steelpath's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Invesco financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Invesco Steelpath Mutual Fund history
Invesco Steelpath investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Invesco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Invesco Steelpath Mlp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Invesco Steelpath stock prices may prove useful in developing a viable investing in Invesco Steelpath
Under normal circumstances, the fund invests at least 80 percent of its net assets in master limited partnership investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources and in derivatives and other instruments that have economic characteristics similar to such securities. The fund is non-diversified.
Invesco Steelpath Mutual Fund Technical Analysis
Invesco Steelpath technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Invesco Steelpath Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Invesco Steelpath Mlp cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Invesco Steelpath November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Invesco Steelpath mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Invesco Steelpath shares will generate the highest return on investment. By undertsting and applying Invesco Steelpath mutual fund market strength indicators, traders can identify Invesco Steelpath Mlp entry and exit signals to maximize returns
Invesco Steelpath Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Invesco Steelpath's price direction in advance. Along with the technical and fundamental analysis of Invesco Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Invesco to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2181 | |||
| Jensen Alpha | 0.2138 | |||
| Total Risk Alpha | 0.1199 | |||
| Sortino Ratio | 0.1536 | |||
| Treynor Ratio | 0.562 |
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Other Information on Investing in Invesco Mutual Fund
Invesco Steelpath financial ratios help investors to determine whether Invesco Mutual Fund 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 Steelpath security.
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