Invesco Currencyshares Australian Etf Profile
| FXA Etf | USD 64.60 0.22 0.34% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Invesco CurrencyShares is trading at 64.60 as of the 30th of November 2024, a 0.34 percent up since the beginning of the trading day. The etf's open price was 64.38. Invesco CurrencyShares has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Invesco CurrencyShares Australian are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
The Shares are intended to provide institutional and retail investors with a simple, cost-effective means of gaining investment benefits similar to those of holding Australian Dollars. Australian Dollar is traded on NYSEARCA Exchange in the United States. More on Invesco CurrencyShares Australian
Moving together with Invesco Etf
| 0.88 | FXE | Invesco CurrencyShares | PairCorr |
| 0.86 | FXF | Invesco CurrencyShares | PairCorr |
| 0.76 | FXY | Invesco CurrencyShares | PairCorr |
| 0.94 | FXB | Invesco CurrencyShares | PairCorr |
| 0.91 | FXC | Invesco CurrencyShares | PairCorr |
Moving against Invesco Etf
Invesco Etf Highlights
| Old Name | Rydex Currencyshares Australian Dollar Trust |
| Business Concentration | Single Currency, Invesco (View all Sectors) |
| Issuer | Invesco |
| Inception Date | 2006-06-21 |
| Benchmark | Australian Dollar |
| Entity Type | Grantor Trust |
| Asset Under Management | 61.13 Million |
| Average Trading Valume | 10,475.5 |
| Asset Type | Currency |
| Category | Australian Dollar |
| Focus | Australian Dollar |
| Market Concentration | Developed Markets |
| Region | Asia-Pacific |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | Invesco Capital Management LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | Invesco Distributors, Inc. |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Trustee | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Market Maker | Citadel |
| Country Name | USA |
| Returns Y T D | (3.28) |
| Name | Invesco CurrencyShares Australian Dollar Trust |
| Currency Code | USD |
| Open Figi | BBG000PPZ178 |
| In Threey Volatility | 11.05 |
| 1y Volatility | 10.65 |
| 200 Day M A | 65.6264 |
| 50 Day M A | 65.9932 |
| Code | FXA |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.65) |
| Type | ETF |
Invesco CurrencyShares Australian [FXA] is traded in USA and was established 2006-06-21. The fund is classified under Single Currency category within Invesco family. Invesco CurrencyShares currently have 82.73 M in assets under management (AUM). , while the total return for the last 3 years was -2.2%.
Check Invesco CurrencyShares Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Invesco Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Invesco Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Invesco CurrencyShares Australian Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Invesco CurrencyShares Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Invesco CurrencyShares. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.70) |
Invesco CurrencyShares Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Invesco CurrencyShares Australian. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
The market value of Invesco CurrencyShares 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 CurrencyShares' value that differs from its market value or its book value, called intrinsic value, which is Invesco CurrencyShares' 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 CurrencyShares' market value can be influenced by many factors that don't directly affect Invesco CurrencyShares' 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 CurrencyShares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco CurrencyShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco CurrencyShares' 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.