Invesco Sptsx Composite Etf Holdings Turnover
| TLV Etf | CAD 34.10 0.05 0.15% |
Invesco SPTSX Composite fundamentals help investors to digest information that contributes to Invesco SPTSX'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 SPTSX'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 SPTSX etf.
Invesco |
Invesco SPTSX Composite ETF Holdings Turnover Analysis
Invesco SPTSX's Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
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According to the company disclosure, Invesco SPTSX Composite has a Holdings Turnover of 0.0%. This indicator is about the same for the Invesco Canada Ltd. average (which is currently at 0.0) family and about the same as Canadian Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Invesco Holdings Turnover Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Invesco SPTSX's direct or indirect competition against its Holdings Turnover to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Invesco SPTSX could also be used in its relative valuation, which is a method of valuing Invesco SPTSX by comparing valuation metrics of similar companies.Invesco SPTSX is currently under evaluation in holdings turnover as compared to similar ETFs.
Fund Asset Allocation for Invesco SPTSX
The fund invests 99.84% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Invesco SPTSX's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Invesco Fundamentals
| Price To Earning | 14.97 X | |||
| Price To Book | 1.19 X | |||
| Price To Sales | 1.45 X | |||
| Beta | 0.79 | |||
| Total Asset | 380.67 M | |||
| One Year Return | 28.70 % | |||
| Three Year Return | 5.50 % | |||
| Five Year Return | 5.60 % | |||
| Ten Year Return | 6.70 % | |||
| Net Asset | 380.67 M | |||
| Last Dividend Paid | 0.0931 | |||
| Equity Positions Weight | 99.84 % |
About Invesco SPTSX Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Invesco SPTSX Composite's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Invesco SPTSX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Invesco SPTSX Composite 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 SPTSX
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 SPTSX 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 SPTSX will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 0.93 | XIU | iShares SPTSX 60 | PairCorr |
| 0.93 | XIC | iShares Core SPTSX | PairCorr |
| 0.93 | ZCN | BMO SPTSX Capped | PairCorr |
| 0.94 | VCN | Vanguard FTSE Canada | PairCorr |
| 0.93 | HXT | Global X SPTSX | PairCorr |
Moving against Invesco Etf
| 0.94 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.83 | HIU | BetaPro SP 500 | PairCorr |
| 0.8 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.35 | HED | BetaPro SPTSX Capped | PairCorr |
| 0.35 | HUN | Global X Natural | PairCorr |
The ability to find closely correlated positions to Invesco SPTSX 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 SPTSX 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 SPTSX - 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 SPTSX Composite to buy it.
The correlation of Invesco SPTSX 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 SPTSX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco SPTSX Composite 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 SPTSX 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.Other Information on Investing in Invesco Etf
Invesco SPTSX financial ratios help investors to determine whether Invesco Etf 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 SPTSX security.