Invesco NASDAQ Beta vs. Price To Book
| QQC Etf | CAD 34.86 0.09 0.26% |
For Invesco NASDAQ profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Invesco NASDAQ to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Invesco NASDAQ 100 utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Invesco NASDAQ's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Invesco NASDAQ 100 over time as well as its relative position and ranking within its peers.
Invesco |
Invesco NASDAQ 100 Price To Book vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Invesco NASDAQ's current stock value. Our valuation model uses many indicators to compare Invesco NASDAQ value to that of its competitors to determine the firm's financial worth. Invesco NASDAQ 100 is rated second largest ETF in beta as compared to similar ETFs. It also is rated second largest ETF in price to book as compared to similar ETFs fabricating about 3.60 of Price To Book per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value Invesco NASDAQ by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Invesco NASDAQ'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 Price To Book vs. Beta
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 NASDAQ |
| = | 1.24 |
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.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Invesco NASDAQ |
| = | 4.46 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Invesco Price To Book Comparison
Invesco NASDAQ is currently under evaluation in price to book as compared to similar ETFs.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Invesco NASDAQ will likely underperform.
Invesco NASDAQ Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Invesco NASDAQ, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Invesco NASDAQ will eventually generate negative long term returns. The profitability progress is the general direction of Invesco NASDAQ's change in net profit over the period of time. It can combine multiple indicators of Invesco NASDAQ, 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 NASDAQ-100 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. PowerShares QQQ 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 NASDAQ. 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 NASDAQ 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 NASDAQ's important profitability drivers and their relationship over time.
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Use Invesco NASDAQ 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 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.Invesco NASDAQ Pair Trading
Invesco NASDAQ 100 Pair Trading Analysis
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.Use Investing Themes to Complement your Invesco NASDAQ position
In addition to having Invesco NASDAQ 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 Agriculture Thematic Idea Now
Agriculture
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Agriculture theme has 30 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 Agriculture Theme or any other thematic opportunities.
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Check out Your Equity Center. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
To fully project Invesco NASDAQ's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Invesco NASDAQ 100 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 NASDAQ's income statement, its balance sheet, and the statement of cash flows.