Michael Byrum - Invesco SP Vice President
| RSP Etf | USD 177.61 1.33 0.75% |
Mr. Michael P. Byrum serves as Vice President of Rydex ETF TRUST and Rydex SP Equal Weight ETF .
| Age | 45 |
| Issuer | Invesco |
| Inception Date | 2003-04-24 |
| Benchmark | S&P 500 Equal Weighted Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 74.43 Billion |
| Average Trading Valume | 6.09 Million |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
Similar Fund Executives
| Found 5 records | One Year Return | ||
| Amy Schioldager | iShares Core SP | 56 | |
| Edward Baer | iShares Core SP | 44 | |
| Ira Shapiro | iShares Core SP | 51 | |
| Manish Mehta | iShares Core SP | 42 | |
| Warren Collier | iShares Core SP | 48 | |
Invesco SP 500 Money Managers
| Joanna Haigney, Chief Compliance Officer | ||
| Michael Byrum, Vice President | ||
| Richard Goldman, President Trustee | ||
| Kieth Fletcher, Vice President |
Invesco Etf Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right etf is not an easy task. Is Invesco SP a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 3.56 X | |||
| Price To Book | 2.42 X | |||
| Price To Sales | 1.53 X | |||
| Gross Profit | 340.85 M | |||
| Earnings Per Share | 3.11 X | |||
| Beta | 0.99 | |||
| Market Capitalization | 22.61 B | |||
| Total Asset | 27.49 B | |||
| One Year Return | 15.60 % | |||
| Three Year Return | 6.10 % |
Pair Trading with Invesco SP
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 SP 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 SP will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 0.78 | VTI | Vanguard Total Stock | PairCorr |
| 0.75 | SPY | SPDR SP 500 | PairCorr |
| 0.75 | IVV | iShares Core SP | PairCorr |
| 0.94 | VIG | Vanguard Dividend | PairCorr |
| 0.75 | VV | Vanguard Large Cap | PairCorr |
The ability to find closely correlated positions to Invesco SP 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 SP 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 SP - 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 SP 500 to buy it.
The correlation of Invesco SP 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 SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco SP 500 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 SP 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco SP 500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of Invesco SP 500 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 SP's value that differs from its market value or its book value, called intrinsic value, which is Invesco SP'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 SP's market value can be influenced by many factors that don't directly affect Invesco SP'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 SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco SP'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.