Invesco Galaxy Bitcoin Etf Fundamentals

BTCO Etf   84.13  3.83  4.35%   
Invesco Galaxy Bitcoin fundamentals help investors to digest information that contributes to Invesco Galaxy's financial success or failures. It also enables traders to predict the movement of Invesco Etf. The fundamental analysis module provides a way to measure Invesco Galaxy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Invesco Galaxy etf.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Invesco Galaxy Bitcoin ETF One Year Return Analysis

Invesco Galaxy's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.

One Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

More About One Year Return | All Equity Analysis

Current Invesco Galaxy One Year Return

    
  72.00 %  
Most of Invesco Galaxy's fundamental indicators, such as One Year Return, 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 Galaxy Bitcoin is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Competition
Based on the recorded statements, Invesco Galaxy Bitcoin has an One Year Return of 72%. This is much higher than that of the family and significantly higher than that of the Digital Assets category. The one year return for all United States etfs is notably lower than that of the firm.

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About Invesco Galaxy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Invesco Galaxy Bitcoin's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Invesco Galaxy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Invesco Galaxy Bitcoin based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Invesco Galaxy is entity of United States. It is traded as Etf on BATS exchange.

Pair Trading with Invesco Galaxy

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 Galaxy 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 Galaxy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Invesco Etf

  1.0GBTC Grayscale Bitcoin TrustPairCorr
  0.98BITO ProShares BitcoinPairCorr
  0.68BLOK Amplify TransformationalPairCorr

Moving against Invesco Etf

  0.34AMPD Tidal Trust IIPairCorr
The ability to find closely correlated positions to Invesco Galaxy 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 Galaxy 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 Galaxy - 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 Galaxy Bitcoin to buy it.
The correlation of Invesco Galaxy 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 Galaxy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Galaxy Bitcoin 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 Galaxy 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.
Pair CorrelationCorrelation Matching
When determining whether Invesco Galaxy Bitcoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Galaxy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Invesco Galaxy Bitcoin Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Galaxy Bitcoin Etf:
Check out Invesco Galaxy Piotroski F Score and Invesco Galaxy Altman Z Score analysis.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of Invesco Galaxy Bitcoin 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 Galaxy's value that differs from its market value or its book value, called intrinsic value, which is Invesco Galaxy'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 Galaxy's market value can be influenced by many factors that don't directly affect Invesco Galaxy'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 Galaxy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Galaxy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Galaxy'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.