Invesco CurrencyShares Financials
| FXE Etf | USD 97.61 0.02 0.02% |
Net Expense Ratio 0.004 | 3 y Sharp Ratio (0.65) |
Invesco |
The data published in Invesco CurrencyShares' official financial statements typically reflect Invesco CurrencyShares' business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Invesco CurrencyShares' quantitative information. For example, before you start analyzing numbers published by Invesco accountants, it's essential to understand Invesco CurrencyShares' liquidity, profitability, and earnings quality within the context of the Invesco space in which it operates.
Please note, the presentation of Invesco CurrencyShares' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Invesco CurrencyShares' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Invesco CurrencyShares' management manipulating its earnings.
Invesco CurrencyShares Etf Summary
Invesco CurrencyShares competes with Invesco CurrencyShares, and Invesco CurrencyShares. The investment seeks to reflect the price in USD of the Euro. Euro Trust is traded on NYSEArca Exchange in the United States.Invesco CurrencyShares Key Financial Ratios
Invesco Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Invesco CurrencyShares's current stock value. Our valuation model uses many indicators to compare Invesco CurrencyShares value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Invesco CurrencyShares competition to find correlations between indicators driving Invesco CurrencyShares's intrinsic value. More Info.Invesco CurrencyShares Euro is one of the top ETFs in price to earning as compared to similar ETFs. It is rated # 2 ETF in beta as compared to similar ETFs . Comparative valuation analysis is a catch-all technique that is used if you cannot value Invesco CurrencyShares by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Invesco CurrencyShares Systematic Risk
Invesco CurrencyShares' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Invesco CurrencyShares volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Invesco CurrencyShares correlated with the market. If Beta is less than 0 Invesco CurrencyShares generally moves in the opposite direction as compared to the market. If Invesco CurrencyShares Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Invesco CurrencyShares is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Invesco CurrencyShares is generally in the same direction as the market. If Beta > 1 Invesco CurrencyShares moves generally in the same direction as, but more than the movement of the benchmark.
About Invesco CurrencyShares Financials
What exactly are Invesco CurrencyShares Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Invesco CurrencyShares' income statement, its balance sheet, and the statement of cash flows. Potential Invesco CurrencyShares investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Invesco CurrencyShares investors may use each financial statement separately, they are all related. The changes in Invesco CurrencyShares's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Invesco CurrencyShares's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Invesco CurrencyShares November 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Invesco CurrencyShares help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Invesco CurrencyShares Euro. We use our internally-developed statistical techniques to arrive at the intrinsic value of Invesco CurrencyShares Euro based on widely used predictive technical indicators. In general, we focus on analyzing Invesco Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Invesco CurrencyShares's daily price indicators and compare them against related drivers.
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 2.34 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.6157 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Invesco CurrencyShares Euro. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.