Invesco Solar Three Year Return vs. Price To Earning
| TAN Etf | USD 36.05 1.41 4.07% |
For Invesco Solar profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Invesco Solar to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Invesco Solar ETF utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Invesco Solar's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Invesco Solar ETF over time as well as its relative position and ranking within its peers.
Invesco |
The market value of Invesco Solar ETF 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 Solar's value that differs from its market value or its book value, called intrinsic value, which is Invesco Solar'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 Solar's market value can be influenced by many factors that don't directly affect Invesco Solar'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 Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Solar'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 Solar ETF Price To Earning vs. Three Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Invesco Solar's current stock value. Our valuation model uses many indicators to compare Invesco Solar value to that of its competitors to determine the firm's financial worth. Invesco Solar ETF is rated below average in three year return as compared to similar ETFs. It also is rated below average in price to earning as compared to similar ETFs . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Invesco Solar's earnings, one of the primary drivers of an investment's value.Invesco Price To Earning vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Invesco Solar |
| = | (28.70) % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
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 Solar |
| = | 8.63 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.
Invesco Price To Earning Comparison
Invesco Solar is currently under evaluation in price to earning as compared to similar ETFs.
Invesco Solar Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Invesco Solar, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Invesco Solar will eventually generate negative long term returns. The profitability progress is the general direction of Invesco Solar's change in net profit over the period of time. It can combine multiple indicators of Invesco Solar, 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 fund will generally invest at least 90 percent of its total assets in the securities that comprise the underlying index.Strictly in accordance with its guidelines and mandated procedures, MAC Indexing LLC, has contracted with SP DJI Netherlands B.V. to calculate and administer the underlying index, which is a rules-based index that seeks to track the performance of companies in global solar energy businesses. Invesco Solar is traded on NYSEARCA Exchange in the United States.
Invesco Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Invesco Solar. 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 Solar 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 Solar's important profitability drivers and their relationship over time.
Use Invesco Solar 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 Solar 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 Solar will appreciate offsetting losses from the drop in the long position's value.Invesco Solar Pair Trading
Invesco Solar ETF Pair Trading Analysis
The ability to find closely correlated positions to Invesco Solar 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 Solar 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 Solar - 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 Solar ETF to buy it.
The correlation of Invesco Solar 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 Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Solar ETF 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 Solar 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 Solar position
In addition to having Invesco Solar 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?
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To fully project Invesco Solar's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Invesco Solar ETF 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 Solar's income statement, its balance sheet, and the statement of cash flows.