Invesco Quality Municipal Stock Market Value
| IQI Stock | USD 10.21 0.16 1.59% |
| Symbol | Invesco |
Invesco Quality Municipal Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Invesco Quality. If investors know Invesco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Invesco Quality listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.967 | Dividend Share 0.529 | Earnings Share 0.99 | Revenue Per Share 0.772 | Quarterly Revenue Growth 0.021 |
The market value of Invesco Quality Municipal 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 Quality's value that differs from its market value or its book value, called intrinsic value, which is Invesco Quality'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 Quality's market value can be influenced by many factors that don't directly affect Invesco Quality'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 Quality's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Quality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Quality'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.
Invesco Quality 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Invesco Quality's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Invesco Quality.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Invesco Quality on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Quality Municipal or generate 0.0% return on investment in Invesco Quality over 30 days. Invesco Quality is related to or competes with MFS Municipal, Blackrock Muniyield, MFS High, MFS High, Blackrock Muniholdings, DTF Tax, and John Hancock. Invesco Quality Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd More
Invesco Quality Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Invesco Quality's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Invesco Quality Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5779 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.3 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.8032 |
Invesco Quality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Quality's standard deviation. In reality, there are many statistical measures that can use Invesco Quality historical prices to predict the future Invesco Quality's volatility.| Risk Adjusted Performance | 0.0382 | |||
| Jensen Alpha | 0.0155 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.5223 |
Invesco Quality Municipal Backtested Returns
Invesco Quality is very steady at the moment. Invesco Quality Municipal holds Efficiency (Sharpe) Ratio of 0.0702, which attests that the entity had a 0.0702% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco Quality Municipal, which you can use to evaluate the volatility of the firm. Please check out Invesco Quality's Downside Deviation of 0.5779, risk adjusted performance of 0.0382, and Market Risk Adjusted Performance of 0.5323 to validate if the risk estimate we provide is consistent with the expected return of 0.0376%. Invesco Quality has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0381, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Quality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Quality is expected to be smaller as well. Invesco Quality Municipal right now retains a risk of 0.54%. Please check out Invesco Quality potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Invesco Quality will be following its current trending patterns.
Auto-correlation | 0.13 |
Insignificant predictability
Invesco Quality Municipal has insignificant predictability. Overlapping area represents the amount of predictability between Invesco Quality time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Invesco Quality Municipal price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Invesco Quality price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Invesco Quality Municipal lagged returns against current returns
Autocorrelation, which is Invesco Quality stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Invesco Quality's stock expected returns. We can calculate the autocorrelation of Invesco Quality returns to help us make a trade decision. For example, suppose you find that Invesco Quality has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Invesco Quality regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Invesco Quality stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Quality stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Quality stock over time.
Current vs Lagged Prices |
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Invesco Quality Lagged Returns
When evaluating Invesco Quality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Quality stock have on its future price. Invesco Quality autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Invesco Quality autocorrelation shows the relationship between Invesco Quality stock current value and its past values and can show if there is a momentum factor associated with investing in Invesco Quality Municipal.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Invesco Quality Municipal offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Quality's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Invesco Quality Municipal Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Quality Municipal Stock:Check out Invesco Quality Correlation, Invesco Quality Volatility and Invesco Quality Alpha and Beta module to complement your research on Invesco Quality. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Invesco Quality technical stock 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, stock market cycles, or different charting patterns.