Invesco Next Gen Etf Beta
| KNCT Etf | 104.44 0.82 0.78% |
Invesco Next Gen fundamentals help investors to digest information that contributes to Invesco Next'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 Next'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 Next etf.
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Invesco Next Gen ETF Beta Analysis
Invesco Next's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Invesco Next Beta | 0.91 |
Most of Invesco Next's fundamental indicators, such as Beta, 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 Next Gen is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Invesco Next Gen has a Beta of 0.91. This is much higher than that of the family and significantly higher than that of the Technology category. The beta for all United States etfs is notably lower than that of the firm.
Invesco Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Invesco Next's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Invesco Next could also be used in its relative valuation, which is a method of valuing Invesco Next by comparing valuation metrics of similar companies.Invesco Next is currently under evaluation in beta as compared to similar ETFs.
Invesco Next returns are very sensitive to returns on the market. As the market goes up or down, Invesco Next is expected to follow.
Invesco Fundamentals
| Beta | 0.91 | |||
| One Year Return | 28.00 % | |||
| Three Year Return | 2.90 % | |||
| Five Year Return | 12.90 % | |||
| Ten Year Return | 12.60 % |
About Invesco Next Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Invesco Next Gen's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Invesco Next using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Invesco Next Gen 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.
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Check out Invesco Next Piotroski F Score and Invesco Next Altman Z Score analysis. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of Invesco Next Gen 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 Next's value that differs from its market value or its book value, called intrinsic value, which is Invesco Next'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 Next's market value can be influenced by many factors that don't directly affect Invesco Next'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 Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Next'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.