Invesco California Amt Free Etf Performance
| PWZ Etf | USD 24.99 0.09 0.36% |
The etf retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco California are expected to decrease at a much lower rate. During the bear market, Invesco California is likely to outperform the market.
Risk-Adjusted Performance
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Invesco California AMT Free are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong basic indicators, Invesco California is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | Long Term Trading Analysis for - Stock Traders Daily | 09/10/2024 |
2 | California Amt-Free Municipal Bond Invesco ETF Quote - Press Release - The Globe and Mail | 10/04/2024 |
3 | Where are the Opportunities in - Stock Traders Daily | 11/14/2024 |
| In Threey Sharp Ratio | -0.47 |
Invesco |
Invesco California Relative Risk vs. Return Landscape
If you would invest 2,458 in Invesco California AMT Free on August 28, 2024 and sell it today you would earn a total of 41.00 from holding Invesco California AMT Free or generate 1.67% return on investment over 90 days. Invesco California AMT Free is generating 0.0273% of daily returns assuming volatility of 0.4473% on return distribution over 90 days investment horizon. In other words, 3% of etfs are less volatile than Invesco, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Invesco California Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco California's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Invesco California AMT Free, and traders can use it to determine the average amount a Invesco California's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0609
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| Negative Returns | PWZ |
Estimated Market Risk
| 0.45 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Invesco California is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Invesco California by adding it to a well-diversified portfolio.
Invesco California Fundamentals Growth
Invesco Etf prices reflect investors' perceptions of the future prospects and financial health of Invesco California, and Invesco California fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Invesco Etf performance.
| Total Asset | 579.57 M | |||
About Invesco California Performance
Evaluating Invesco California's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Invesco California has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Invesco California has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund generally will invest at least 80 percent of its total assets in the components of the index. California Amt-Free is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: Where are the Opportunities in - Stock Traders Daily | |
| The fund generated three year return of -1.0% | |
| Invesco California AMT maintains all of the assets in different exotic instruments |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco California AMT Free. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of Invesco California AMT 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 California's value that differs from its market value or its book value, called intrinsic value, which is Invesco California'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 California's market value can be influenced by many factors that don't directly affect Invesco California'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 California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco California'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.