Invesco Technology Ten Year Return vs. Year To Date Return

ITYAX Fund  USD 72.74  0.37  0.51%   
Based on the key profitability measurements obtained from Invesco Technology's financial statements, Invesco Technology Fund may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Invesco Technology's ability to earn profits and add value for shareholders.
For Invesco Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Invesco Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Invesco Technology Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Invesco Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Invesco Technology Fund over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis.
Please note, there is a significant difference between Invesco Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Technology'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 Technology Year To Date Return vs. Ten Year Return Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Invesco Technology's current stock value. Our valuation model uses many indicators to compare Invesco Technology value to that of its competitors to determine the firm's financial worth.
Invesco Technology Fund is currently considered the top fund in ten year return among similar funds. It also is currently considered the top fund in year to date return among similar funds creating about  2.74  of Year To Date Return per Ten Year Return. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Invesco Technology's earnings, one of the primary drivers of an investment's value.

Invesco Year To Date Return vs. Ten Year Return

Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.

Invesco Technology

Ten Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
14.35 %
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.

Invesco Technology

YTD Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
39.35 %
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.

Invesco Year To Date Return Comparison

Invesco Technology is currently under evaluation in year to date return among similar funds.

Invesco Technology Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Invesco Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Invesco Technology will eventually generate negative long term returns. The profitability progress is the general direction of Invesco Technology's change in net profit over the period of time. It can combine multiple indicators of Invesco Technology, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests, under normal circumstances, at least 80 percent of its net assets in securities of issuers engaged in technology-related industries, and in derivatives and other instruments that have economic characteristics similar to such securities. It invests primarily in equity securities. The principal type of equity security in which the fund invests is common stock. It is non-diversified.

Invesco Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Invesco Technology. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Invesco Technology position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Invesco Technology's important profitability drivers and their relationship over time.

Use Invesco Technology in pair-trading

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 Technology 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 Technology will appreciate offsetting losses from the drop in the long position's value.

Invesco Technology Pair Trading

Invesco Technology Fund Pair Trading Analysis

The ability to find closely correlated positions to Invesco Technology 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 Technology 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 Technology - 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 Technology Fund to buy it.
The correlation of Invesco Technology 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 Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco 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 Technology 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Invesco Technology position

In addition to having Invesco Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Services Thematic Idea Now

Services
Services Theme
Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Services Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in Invesco Mutual Fund

To fully project Invesco Technology's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Invesco Technology at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Invesco Technology's income statement, its balance sheet, and the statement of cash flows.
Potential Invesco Technology investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Invesco Technology investors may work on each financial statement separately, they are all related. The changes in Invesco Technology's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Invesco Technology's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Content Syndication
Quickly integrate customizable finance content to your own investment portal