Invesco Water Financial Statements From 2010 to 2025
| PHO Etf | USD 65.50 0.49 0.75% |
Check Invesco Water financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Invesco Water's main balance sheet or income statement drivers, such as , as well as many indicators such as . Invesco financial statements analysis is a perfect complement when working with Invesco Water Valuation or Volatility modules.
Invesco |
Invesco Water Resources ETF Price To Earning Analysis
Invesco Water's 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.
Current Invesco Water Price To Earning | 25.28 X |
Most of Invesco Water's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Invesco Water Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, Invesco Water Resources has a Price To Earning of 25.28 times. This is 205.68% higher than that of the Invesco family and significantly higher than that of the Natural Resources category. The price to earning for all United States etfs is notably lower than that of the firm.
Invesco Water Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Invesco Water's current stock value. Our valuation model uses many indicators to compare Invesco Water value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Invesco Water competition to find correlations between indicators driving Invesco Water's intrinsic value. More Info.Invesco Water Resources is rated number one ETF in price to earning as compared to similar ETFs. It also is rated number one ETF in price to book as compared to similar ETFs fabricating about 0.13 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Invesco Water Resources is roughly 7.55 . 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 Water's earnings, one of the primary drivers of an investment's value.About Invesco Water Financial Statements
Invesco Water investors utilize fundamental indicators, such as revenue or net income, to predict how Invesco Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The fund generally will invest at least 90 percent of its total assets in securities that comprise the underlying index. Water Resources is traded on NASDAQ Exchange in the United States.
Pair Trading with Invesco Water
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 Water 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 Water will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 0.81 | XLB | Materials Select Sector | PairCorr |
| 0.88 | VAW | Vanguard Materials Index | PairCorr |
| 0.83 | XME | SPDR SP Metals | PairCorr |
Moving against Invesco Etf
| 0.58 | PSQ | ProShares Short QQQ Sell-off Trend | PairCorr |
| 0.43 | UNL | United States 12 | PairCorr |
| 0.39 | MNA | IQ Merger Arbitrage | PairCorr |
| 0.38 | SPAQ | Horizon Kinetics SPAC | PairCorr |
| 0.34 | FLDB | Fidelity Low Duration | PairCorr |
The ability to find closely correlated positions to Invesco Water 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 Water 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 Water - 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 Water Resources to buy it.
The correlation of Invesco Water 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 Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Water Resources 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 Water 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.Check out the analysis of Invesco Water Correlation against competitors. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
The market value of Invesco Water Resources 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 Water's value that differs from its market value or its book value, called intrinsic value, which is Invesco Water'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 Water's market value can be influenced by many factors that don't directly affect Invesco Water'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 Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Water'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.