Invesco Water Resources Etf Return On Asset
| PHO Etf | USD 71.76 0.22 0.31% |
Invesco Water Resources fundamentals help investors to digest information that contributes to Invesco Water'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 Water'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 Water etf.
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Invesco Water Resources ETF Return On Asset Analysis
Invesco Water's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Invesco Water Return On Asset | 1.0E-4 |
Most of Invesco Water's fundamental indicators, such as Return On Asset, 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 Water Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, Invesco Water Resources has a Return On Asset of 1.0E-4. This is much higher than that of the Invesco family and significantly higher than that of the Natural Resources category. The return on asset for all United States etfs is notably lower than that of the firm.
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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 | 1.13 | |||
| Total Asset | 1.52 B | |||
| One Year Return | 27.40 % | |||
| Three Year Return | 8.30 % | |||
| Five Year Return | 14.30 % | |||
| Ten Year Return | 11.20 % | |||
| 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
| 0.68 | XLB | Materials Select Sector | PairCorr |
| 0.87 | VAW | Vanguard Materials Index | PairCorr |
| 0.84 | XME | SPDR SP Metals | PairCorr |
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.