Invesco Nasdaq 100 Etf Revenue
| QQEQ Etf | 28.73 0.12 0.42% |
Invesco NASDAQ 100 fundamentals help investors to digest information that contributes to Invesco NASDAQ'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 NASDAQ'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 NASDAQ etf.
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Invesco NASDAQ 100 ETF Revenue Analysis
Invesco NASDAQ's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
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Based on the latest financial disclosure, Invesco NASDAQ 100 reported 0.0 of revenue. This indicator is about the same for the average (which is currently at 0.0) family and about the same as US Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
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| All Next | Launch Module |
Invesco Fundamentals
| Beta | 1.06 | |||
| One Year Return | 25.40 % | |||
| Three Year Return | 7.60 % |
About Invesco NASDAQ Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Invesco NASDAQ 100's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Invesco NASDAQ using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Invesco NASDAQ 100 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.
Pair Trading with Invesco NASDAQ
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 NASDAQ 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 NASDAQ will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 0.96 | XSP | iShares Core SP | PairCorr |
| 0.98 | ZSP | BMO SP 500 | PairCorr |
| 0.98 | VFV | Vanguard SP 500 | PairCorr |
| 0.98 | HXS | Global X SP | PairCorr |
| 0.98 | XUS | iShares Core SP | PairCorr |
The ability to find closely correlated positions to Invesco NASDAQ 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 NASDAQ 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 NASDAQ - 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 NASDAQ 100 to buy it.
The correlation of Invesco NASDAQ 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 NASDAQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco NASDAQ 100 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 NASDAQ 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco NASDAQ 100. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.