Invesco Municipal Income Fund Price on November 27, 2024
VMICX Fund | USD 12.04 0.06 0.50% |
If you're considering investing in Invesco Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Invesco Municipal stands at 12.04, as last reported on the 13th of December 2024, with the highest price reaching 12.04 and the lowest price hitting 12.04 during the day. Invesco Municipal Income holds Efficiency (Sharpe) Ratio of -0.0182, which attests that the entity had a -0.0182% return per unit of risk over the last 3 months. Invesco Municipal Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Municipal's Standard Deviation of 0.27, market risk adjusted performance of (0.21), and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide.
Invesco Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Invesco |
Sharpe Ratio = -0.0182
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Estimated Market Risk
0.27 actual daily | 2 98% of assets are more volatile |
Expected Return
0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Invesco Municipal is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Invesco Municipal by adding Invesco Municipal to a well-diversified portfolio.
Invesco Municipal Valuation on November 27, 2024
It is possible to determine the worth of Invesco Municipal on a given historical date. On November 27, 2024 Invesco was worth 12.09 at the beginning of the trading date compared to the closed value of 12.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Invesco Municipal mutual fund. Still, in general, we apply an absolute valuation method to find Invesco Municipal's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Invesco Municipal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Invesco Municipal's related companies.
Open | High | Low | Close | Volume | |
12.06 | 12.06 | 12.06 | 12.06 | 1.00 | |
11/27/2024 | 12.09 | 12.09 | 12.09 | 12.09 | 1.00 |
12.11 | 12.11 | 12.11 | 12.11 | 1.00 |
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Invesco Municipal Trading Date Momentum on November 27, 2024
On November 29 2024 Invesco Municipal Income was traded for 12.11 at the closing time. The highest daily price throughout the period was 12.11 and the lowest price was 12.11 . There was no trading activity during the period 1.0. Lack of trading volume on 11/29/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 0.17% . The trading delta at closing time to current closing price is 0.33% . |
Invesco Municipal Income Fundamentals Correlations and Trends
By evaluating Invesco Municipal's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Invesco Municipal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Invesco financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Invesco Municipal Mutual Fund history
Invesco Municipal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Invesco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Invesco Municipal Income will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Invesco Municipal stock prices may prove useful in developing a viable investing in Invesco Municipal
The investment seeks to provide investors with a high level of current income exempt from federal income tax, consistent with preservation of capital. Invesco Municipal is traded on NASDAQ Exchange in the United States.
Invesco Municipal Mutual Fund Technical Analysis
Invesco Municipal technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Invesco Municipal Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Invesco Municipal Income cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Invesco Municipal December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Invesco Municipal mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Invesco Municipal shares will generate the highest return on investment. By undertsting and applying Invesco Municipal mutual fund market strength indicators, traders can identify Invesco Municipal Income entry and exit signals to maximize returns
Invesco Municipal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Invesco Municipal's price direction in advance. Along with the technical and fundamental analysis of Invesco Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Invesco to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.05) | |||
Treynor Ratio | (0.22) |
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Other Information on Investing in Invesco Mutual Fund
Invesco Municipal financial ratios help investors to determine whether Invesco Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Invesco with respect to the benefits of owning Invesco Municipal security.
Positions Ratings 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 | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |