Invesco Municipal Income Fund Price on August 17, 2023
| VMINX Fund | USD 12.11 0.04 0.33% |
Below is the normalized historical share price chart for Invesco Municipal Income extending back to July 16, 2013. 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 Municipal stands at 12.11, as last reported on the 26th of November, with the highest price reaching 12.11 and the lowest price hitting 12.11 during the day.
If you're considering investing in Invesco Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Invesco Mutual Fund to be very steady. Invesco Municipal Income holds Efficiency (Sharpe) Ratio of 0.0707, which attests that the entity had a 0.0707% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Municipal Income, which you can use to evaluate the volatility of the entity. Please check out Invesco Municipal's Market Risk Adjusted Performance of (0.05), risk adjusted performance of 0.0259, and Downside Deviation of 0.4043 to validate if the risk estimate we provide is consistent with the expected return of 0.0188%.
Invesco Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Invesco |
Sharpe Ratio = 0.0707
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| Negative Returns | VMINX |
Estimated Market Risk
| 0.27 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Invesco Municipal is performing at about 5% 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 Municipal by adding it to a well-diversified portfolio.
Invesco Municipal Valuation on August 17, 2023
It is possible to determine the worth of Invesco Municipal on a given historical date. On August 17, 2023 Invesco was worth 11.14 at the beginning of the trading date compared to the closed value of 11.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Invesco Municipal mutual fund. Still, in general, we apply an absolute valuation method to find Invesco Municipal'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 Municipal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Invesco Municipal's related companies.
| Open | High | Low | Close | Volume | |
| 11.22 | 11.22 | 11.22 | 11.22 | 1.00 | |
08/17/2023 | 11.14 | 11.14 | 11.14 | 11.14 | 1.00 |
| 11.12 | 11.12 | 11.12 | 11.12 | 1.00 |
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Invesco Municipal Trading Date Momentum on August 17, 2023
| On August 18 2023 Invesco Municipal Income was traded for 11.12 at the closing time. The highest daily price throughout the period was 11.12 and the lowest price was 11.12 . There was no trading activity during the period 1.0. Lack of trading volume on 08/18/2023 added to the next day price reduction. The trading price change to closing price of the next trading day was 0.18% . The trading delta at closing time to current closing price is 0.45% . |
Invesco Municipal Income Fundamentals Correlations and Trends
By evaluating Invesco Municipal'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 Municipal'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 Municipal Mutual Fund history
Invesco Municipal 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 Municipal Income 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 Municipal stock prices may prove useful in developing a viable investing in Invesco Municipal
Under normal market conditions, the fund invests at least 80 percent of its net assets in municipal securities at the time of investment. It may invest up to 20 percent of its net assets in municipal securities below investment grade. The fund may invest all or a substantial portion of its assets in municipal securities that are subject to the federal alternative minimum tax.
Invesco Municipal Mutual Fund Technical Analysis
Invesco Municipal 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 Municipal Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Invesco Municipal Income 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 Municipal November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Invesco Municipal 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 Municipal shares will generate the highest return on investment. By undertsting and applying Invesco Municipal mutual fund market strength indicators, traders can identify Invesco Municipal Income entry and exit signals to maximize returns
Invesco Municipal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Invesco Municipal'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 | 0.0259 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | (0.06) |
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Other Information on Investing in Invesco Mutual Fund
Invesco Municipal 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 Municipal security.
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