Invesco FTSE Price To Earning vs. Beta
| PXS Etf | CAD 51.12 0.59 1.17% |
For Invesco FTSE profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Invesco FTSE to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Invesco FTSE RAFI utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Invesco FTSE's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Invesco FTSE RAFI over time as well as its relative position and ranking within its peers.
Invesco |
Invesco FTSE RAFI Beta vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Invesco FTSE's current stock value. Our valuation model uses many indicators to compare Invesco FTSE value to that of its competitors to determine the firm's financial worth. Invesco FTSE RAFI is rated number one ETF in price to earning as compared to similar ETFs. It also is rated number one ETF in beta as compared to similar ETFs totaling about 0.05 of Beta per Price To Earning. The ratio of Price To Earning to Beta for Invesco FTSE RAFI is roughly 21.48 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Invesco FTSE by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Invesco FTSE's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Invesco Beta vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Invesco FTSE |
| = | 17.83 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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.
Invesco FTSE |
| = | 0.83 |
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.
Invesco Beta Comparison
Invesco FTSE is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
As returns on the market increase, Invesco FTSE's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco FTSE is expected to be smaller as well.
Invesco FTSE Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Invesco FTSE, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Invesco FTSE will eventually generate negative long term returns. The profitability progress is the general direction of Invesco FTSE's change in net profit over the period of time. It can combine multiple indicators of Invesco FTSE, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the FTSE RAFI US 1000 Index, or any successor thereto, on an unhedged basis, in the case of any unhedged units, or on a hedged basis, in the case of any hedged units. INVESCO FTSE is traded on Toronto Stock Exchange in Canada.
Invesco Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Invesco FTSE. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Invesco FTSE position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Invesco FTSE's important profitability drivers and their relationship over time.
| Price To Earning vs Annual Yield | ||
| One Year Return vs Beta | ||
| Price To Earning vs Three Year Return | ||
| Five Year Return vs Beta | ||
| Price To Earning vs Last Dividend Paid | ||
| Equity Positions Weight vs Beta |
Use Invesco FTSE in pair-trading
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 FTSE 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 FTSE will appreciate offsetting losses from the drop in the long position's value.Invesco FTSE Pair Trading
Invesco FTSE RAFI Pair Trading Analysis
The ability to find closely correlated positions to Invesco FTSE 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 FTSE 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 FTSE - 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 FTSE RAFI to buy it.
The correlation of Invesco FTSE 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 FTSE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco FTSE RAFI 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 FTSE 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.Use Investing Themes to Complement your Invesco FTSE position
In addition to having Invesco FTSE in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run ESG Investing Thematic Idea Now
ESG Investing
Sustainable investments that promote the conservation of the natural world, social resposibility, freindly employees policies and strong governance. The ESG Investing theme has 51 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize ESG Investing Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Your Equity Center. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
To fully project Invesco FTSE's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Invesco FTSE RAFI at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Invesco FTSE's income statement, its balance sheet, and the statement of cash flows.