Invesco Municipal Trust Stock Market Value
| VKQ Stock | USD 9.88 0.02 0.20% |
| Symbol | Invesco |
Invesco Municipal Trust Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Invesco Municipal. If investors know Invesco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Invesco Municipal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.707 | Dividend Share 0.517 | Earnings Share 0.96 | Revenue Per Share 0.772 | Quarterly Revenue Growth (0.01) |
The market value of Invesco Municipal Trust 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 Municipal's value that differs from its market value or its book value, called intrinsic value, which is Invesco Municipal'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 Municipal's market value can be influenced by many factors that don't directly affect Invesco Municipal'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 Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Municipal'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.
Invesco Municipal 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Invesco Municipal's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Invesco Municipal.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Invesco Municipal on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco Municipal Trust or generate 0.0% return on investment in Invesco Municipal over 660 days. Invesco Municipal is related to or competes with Invesco Trust, Invesco Quality, Invesco Municipal, MFS High, Invesco Municipal, DWS Municipal, and MFS Municipal. Invesco Municipal Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd More
Invesco Municipal Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Invesco Municipal's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Invesco Municipal Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5138 | |||
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 2.19 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 0.8032 |
Invesco Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Municipal's standard deviation. In reality, there are many statistical measures that can use Invesco Municipal historical prices to predict the future Invesco Municipal's volatility.| Risk Adjusted Performance | 0.008 | |||
| Jensen Alpha | 0.0017 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | 0.0507 |
Invesco Municipal Trust Backtested Returns
Currently, Invesco Municipal Trust is very steady. Invesco Municipal Trust holds Efficiency (Sharpe) Ratio of 0.009, which attests that the entity had a 0.009% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco Municipal Trust, which you can use to evaluate the volatility of the firm. Please check out Invesco Municipal's Risk Adjusted Performance of 0.008, market risk adjusted performance of 0.0607, and Downside Deviation of 0.5138 to validate if the risk estimate we provide is consistent with the expected return of 0.0043%. The company retains a Market Volatility (i.e., Beta) of -0.0243, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco Municipal are expected to decrease at a much lower rate. During the bear market, Invesco Municipal is likely to outperform the market. Invesco Municipal Trust right now retains a risk of 0.47%. Please check out Invesco Municipal treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to decide if Invesco Municipal will be following its current trending patterns.
Auto-correlation | -0.51 |
Good reverse predictability
Invesco Municipal Trust has good reverse predictability. Overlapping area represents the amount of predictability between Invesco Municipal time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Invesco Municipal Trust price movement. The serial correlation of -0.51 indicates that about 51.0% of current Invesco Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Invesco Municipal Trust lagged returns against current returns
Autocorrelation, which is Invesco Municipal stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Invesco Municipal's stock expected returns. We can calculate the autocorrelation of Invesco Municipal returns to help us make a trade decision. For example, suppose you find that Invesco Municipal has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Invesco Municipal regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Invesco Municipal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Municipal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Municipal stock over time.
Current vs Lagged Prices |
| Timeline |
Invesco Municipal Lagged Returns
When evaluating Invesco Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Municipal stock have on its future price. Invesco Municipal autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Invesco Municipal autocorrelation shows the relationship between Invesco Municipal stock current value and its past values and can show if there is a momentum factor associated with investing in Invesco Municipal Trust.
Regressed Prices |
| Timeline |
Pair Trading with Invesco Municipal
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 Municipal 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 Municipal will appreciate offsetting losses from the drop in the long position's value.Moving against Invesco Stock
| 0.52 | LC | LendingClub Corp | PairCorr |
| 0.41 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.38 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.35 | AB | AllianceBernstein | PairCorr |
The ability to find closely correlated positions to Invesco Municipal 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 Municipal 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 Municipal - 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 Municipal Trust to buy it.
The correlation of Invesco Municipal 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 Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Municipal Trust 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 Municipal 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.Additional Tools for Invesco Stock Analysis
When running Invesco Municipal's price analysis, check to measure Invesco Municipal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Invesco Municipal is operating at the current time. Most of Invesco Municipal's value examination focuses on studying past and present price action to predict the probability of Invesco Municipal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Invesco Municipal's price. Additionally, you may evaluate how the addition of Invesco Municipal to your portfolios can decrease your overall portfolio volatility.