Invesco China Technology Etf Fundamentals
| CQQQ Etf | USD 40.57 0.25 0.62% |
Invesco China Technology fundamentals help investors to digest information that contributes to Invesco China's financial success or failures. It also enables traders to predict the movement of Invesco Etf. The fundamental analysis module provides a way to measure Invesco China's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Invesco China etf.
Invesco |
Invesco China Technology ETF Beta Analysis
Invesco China's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Invesco China Beta | 1.15 |
Most of Invesco China's fundamental indicators, such as Beta, 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 China Technology is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Invesco China Technology has a Beta of 1.15. This is much higher than that of the Invesco family and significantly higher than that of the China Region category. The beta for all United States etfs is notably lower than that of the firm.
Invesco China Technology Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Invesco China's current stock value. Our valuation model uses many indicators to compare Invesco China value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Invesco China competition to find correlations between indicators driving Invesco China's intrinsic value. More Info.Invesco China Technology is third largest ETF in price to earning as compared to similar ETFs. It is second largest ETF in price to book as compared to similar ETFs fabricating about 0.14 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Invesco China Technology is roughly 7.39 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Invesco China 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 Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Invesco China's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Invesco China could also be used in its relative valuation, which is a method of valuing Invesco China by comparing valuation metrics of similar companies.Invesco China is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for Invesco China
The fund invests 99.95% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Invesco China's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Invesco China returns are very sensitive to returns on the market. As the market goes up or down, Invesco China is expected to follow.
Invesco Fundamentals
| Price To Earning | 13.00 X | |||
| Price To Book | 1.76 X | |||
| Price To Sales | 0.71 X | |||
| Number Of Employees | 150 | |||
| Beta | 1.15 | |||
| Total Asset | 822.96 M | |||
| One Year Return | 8.50 % | |||
| Three Year Return | (15.20) % | |||
| Five Year Return | (4.00) % | |||
| Ten Year Return | 1.40 % | |||
| Net Asset | 822.96 M | |||
| Last Dividend Paid | 0.005 | |||
| Equity Positions Weight | 99.95 % |
About Invesco China Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Invesco China Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Invesco China using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Invesco China Technology based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund generally will invest at least 90 percent of its total assets in securities that comprise the underlying index, as well as ADRs and GDRs that represent securities in the underlying index. China Technology is traded on NYSEARCA Exchange in the United States.
Pair Trading with Invesco China
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 China 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 China will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 0.95 | KWEB | KraneShares CSI China | PairCorr |
| 0.94 | FXI | iShares China Large | PairCorr |
| 0.98 | ASHR | Xtrackers Harvest CSI | PairCorr |
| 0.98 | GXC | SPDR SP China | PairCorr |
Moving against Invesco Etf
| 0.68 | YCL | ProShares Ultra Yen | PairCorr |
| 0.66 | FXY | Invesco CurrencyShares | PairCorr |
| 0.58 | VIIX | VIIX | PairCorr |
| 0.47 | ULE | ProShares Ultra Euro | PairCorr |
The ability to find closely correlated positions to Invesco China 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 China 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 China - 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 China Technology to buy it.
The correlation of Invesco China 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 China moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco China Technology 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 China 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 Invesco China Piotroski F Score and Invesco China Altman Z Score analysis. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
The market value of Invesco China Technology 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 China's value that differs from its market value or its book value, called intrinsic value, which is Invesco China'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 China's market value can be influenced by many factors that don't directly affect Invesco China'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 China's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco China is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco China'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.