Invesco Golden Dragon Etf Performance
| PGJ Etf | USD 26.50 0.32 1.22% |
The etf retains a Market Volatility (i.e., Beta) of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Golden's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Golden is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Invesco Golden Dragon are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Even with relatively unsteady technical and fundamental indicators, Invesco Golden revealed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Invesco Golden Dragon China ETF declares quarterly distribution of 0.15191 | 09/24/2024 |
2 | China stock ETFs rip higher even as mainland markets close for holiday - MSN | 10/02/2024 |
3 | Bullish On China, But Not On PGJ - Seeking Alpha | 11/08/2024 |
4 | Alibaba Co-Founder Jack Ma Makes Rare Appearance At Company Campus | 11/29/2024 |
Invesco |
Invesco Golden Relative Risk vs. Return Landscape
If you would invest 2,146 in Invesco Golden Dragon on September 4, 2024 and sell it today you would earn a total of 472.00 from holding Invesco Golden Dragon or generate 21.99% return on investment over 90 days. Invesco Golden Dragon is generating 0.3524% of daily returns assuming volatility of 2.9211% on return distribution over 90 days investment horizon. In other words, 26% of etfs are less volatile than Invesco, and above 93% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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Invesco Golden Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Golden's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Invesco Golden Dragon, and traders can use it to determine the average amount a Invesco Golden's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1207
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Estimated Market Risk
| 2.92 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Invesco Golden is performing at about 9% 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 Golden by adding it to a well-diversified portfolio.
Invesco Golden Fundamentals Growth
Invesco Etf prices reflect investors' perceptions of the future prospects and financial health of Invesco Golden, and Invesco Golden fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Invesco Etf performance.
| Return On Equity | 1.0E-4 | |||
| Return On Asset | 1.09 | |||
| Profit Margin | 59.88 % | |||
| Shares Outstanding | 5 M | |||
| Price To Earning | 1.34 X | |||
| Price To Book | 1.15 X | |||
| Revenue | 4.86 M | |||
| Cash And Equivalents | 225.26 K | |||
| Earnings Per Share | 1.13 X | |||
| Total Asset | 227.28 M | |||
About Invesco Golden Performance
By evaluating Invesco Golden's fundamental ratios, stakeholders can gain valuable insights into Invesco Golden's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Invesco Golden has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Invesco Golden has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund generally will invest at least 90 percent of its total assets in the securities that comprise the underlying index. Golden Dragon is traded on NASDAQ Exchange in the United States.| Latest headline from benzinga.com: Alibaba Co-Founder Jack Ma Makes Rare Appearance At Company Campus | |
| This fund generated0.0 ten year return of 0.0% | |
| Invesco Golden maintains 99.9% of its assets in stocks |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco Golden Dragon. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of Invesco Golden Dragon 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 Golden's value that differs from its market value or its book value, called intrinsic value, which is Invesco Golden'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 Golden's market value can be influenced by many factors that don't directly affect Invesco Golden'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 Golden's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Golden is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Golden'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.