Invesco Water Resources Etf Current Valuation
| PHO Etf | USD 69.34 0.15 0.22% |
Valuation analysis of Invesco Water Resources helps investors to measure Invesco Water's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that Invesco Water's price fluctuation is very steady at this time. Calculation of the real value of Invesco Water Resources is based on 3 months time horizon. Increasing Invesco Water's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Invesco Water is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Invesco Etf. However, Invesco Water's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 69.34 | Real 69.56 | Hype 69.35 |
The intrinsic value of Invesco Water's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Invesco Water's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Invesco Water Resources helps investors to forecast how Invesco etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Invesco Water more accurately as focusing exclusively on Invesco Water's fundamentals will not take into account other important factors: Invesco Water Resources ETF Current Valuation Analysis
Invesco Water's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Invesco Water Resources has a Current Valuation of 0.0. This indicator is about the same for the Invesco average (which is currently at 0.0) family and about the same as Natural Resources (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Invesco Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Invesco Water's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Invesco Water could also be used in its relative valuation, which is a method of valuing Invesco Water by comparing valuation metrics of similar companies.Invesco Water is currently under evaluation in current valuation as compared to similar ETFs.
Fund Asset Allocation for Invesco Water
The fund invests 99.91% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Invesco Water'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 Fundamentals
| Return On Equity | 0.0064 | |||
| Return On Asset | 1.0E-4 | |||
| Profit Margin | 0.49 % | |||
| Price To Earning | 25.28 X | |||
| Price To Book | 3.35 X | |||
| Price To Sales | 2.06 X | |||
| Revenue | 11.62 M | |||
| Net Income | 6.57 M | |||
| Earnings Per Share | 0.16 X | |||
| Number Of Employees | 13 | |||
| Beta | 1.14 | |||
| Total Asset | 1.52 B | |||
| One Year Return | 17.90 % | |||
| Three Year Return | 6.00 % | |||
| Five Year Return | 13.30 % | |||
| Ten Year Return | 11.40 % | |||
| Net Asset | 1.52 B | |||
| Last Dividend Paid | 0.062 | |||
| Equity Positions Weight | 99.91 % |
About Invesco Water Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Invesco Water Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Invesco Water using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Invesco Water Resources 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.
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
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 Invesco Water Piotroski F Score and Invesco Water Altman Z Score analysis. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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.