Invesco Currencyshares Euro Etf Profile
FXE Etf | USD 99.71 0.34 0.34% |
Performance0 of 100
| Odds Of DistressLess than 49
|
Invesco CurrencyShares is trading at 99.71 as of the 29th of March 2024, a -0.34 percent down since the beginning of the trading day. The etf's lowest day price was 99.68. Invesco CurrencyShares has 49 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Invesco CurrencyShares Euro are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
The investment seeks to reflect the price in USD of the Euro. Euro Trust is traded on NYSEArca Exchange in the United States. More on Invesco CurrencyShares Euro
Moving together with Invesco Etf
0.63 | FXY | Invesco CurrencyShares | PairCorr |
0.65 | FXB | Invesco CurrencyShares | PairCorr |
0.66 | FXC | Invesco CurrencyShares | PairCorr |
0.83 | FXA | Invesco CurrencyShares | PairCorr |
Invesco Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Invesco CurrencyShares' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Invesco CurrencyShares or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Business Concentration | Single Currency, Invesco (View all Sectors) |
Issuer | Invesco |
Inception Date | 2005-12-09 |
Benchmark | Euro |
Entity Type | Grantor Trust |
Asset Under Management | 200.01 Million |
Average Trading Valume | 27,682 |
Asset Type | Currency |
Category | Euro |
Focus | Euro |
Market Concentration | Developed Markets |
Region | Europe |
Administrator | The Bank of New York Mellon Corporation |
Advisor | Invesco Capital Management LLC |
Custodian | JPMorgan Chase Bank, N.A. |
Distributor | Invesco Distributors, Inc. |
Transfer Agent | The Bank of New York Mellon Corporation |
Trustee | The Bank of New York Mellon Corporation |
Fiscal Year End | 31-Dec |
Exchange | NYSE Arca, Inc. |
Market Maker | Citadel |
Total Expense | 0.4 |
Management Fee | 0.4 |
Country Name | USA |
Returns Y T D | (1.38) |
Name | Invesco CurrencyShares Euro Currency Trust |
Currency Code | USD |
Open Figi | BBG000HDFTG5 |
In Threey Volatility | 7.88 |
1y Volatility | 7.35 |
200 Day M A | 100.07 |
50 Day M A | 100.13 |
Code | FXE |
Updated At | 28th of March 2024 |
Currency Name | US Dollar |
In Threey Sharp Ratio | (0.8) |
Invesco CurrencyShares Euro [FXE] is traded in USA and was established 2005-12-09. The fund is classified under Single Currency category within Invesco family. Invesco CurrencyShares currently have 369.31 M in assets under management (AUM). , while the total return for the last 3 years was -2.5%.
Check Invesco CurrencyShares Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Invesco Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Invesco Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Invesco CurrencyShares Euro Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Invesco CurrencyShares Target Price Odds Analysis
What are Invesco CurrencyShares' target price odds to finish over the current price? Based on a normal probability distribution, the odds of Invesco CurrencyShares jumping above the current price in 90 days from now is about 75.21%. The Invesco CurrencyShares Euro probability density function shows the probability of Invesco CurrencyShares etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Invesco CurrencyShares has a beta of 0.2914. This usually indicates as returns on the market go up, Invesco CurrencyShares average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Invesco CurrencyShares Euro will be expected to be much smaller as well. Additionally, invesco CurrencyShares Euro has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
Based on a normal probability distribution, the odds of Invesco CurrencyShares to move above the current price in 90 days from now is about 75.21 (This Invesco CurrencyShares Euro probability density function shows the probability of Invesco Etf to fall within a particular range of prices over 90 days) .
Invesco CurrencyShares Top Holders
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GLBIX | Leuthold Global Fund | Mutual Fund | World Allocation |
Invesco CurrencyShares Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Invesco CurrencyShares market risk premium is the additional return an investor will receive from holding Invesco CurrencyShares long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Invesco CurrencyShares. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Invesco CurrencyShares' alpha and beta are two of the key measurements used to evaluate Invesco CurrencyShares' performance over the market, the standard measures of volatility play an important role as well.
Risk Adjusted Performance | (0.04) | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.10) | |||
Treynor Ratio | (0.11) |
Invesco CurrencyShares Against Markets
Picking the right benchmark for Invesco CurrencyShares etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Invesco CurrencyShares etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Invesco CurrencyShares is critical whether you are bullish or bearish towards Invesco CurrencyShares Euro at a given time. Please also check how Invesco CurrencyShares' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Invesco CurrencyShares without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Invesco Etf?
Before investing in Invesco CurrencyShares, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Invesco CurrencyShares. To buy Invesco CurrencyShares etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Invesco CurrencyShares. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Invesco CurrencyShares etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Invesco CurrencyShares Euro etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Invesco CurrencyShares Euro etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Invesco CurrencyShares Euro, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Invesco Etf please use our How to Invest in Invesco CurrencyShares guide.
Already Invested in Invesco CurrencyShares Euro?
The danger of trading Invesco CurrencyShares Euro is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Invesco CurrencyShares is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Invesco CurrencyShares. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Invesco CurrencyShares is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Invesco CurrencyShares is a strong investment it is important to analyze Invesco CurrencyShares' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Invesco CurrencyShares' future performance. For an informed investment choice regarding Invesco Etf, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Invesco CurrencyShares Euro. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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When running Invesco CurrencyShares' price analysis, check to measure Invesco CurrencyShares' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Invesco CurrencyShares is operating at the current time. Most of Invesco CurrencyShares' value examination focuses on studying past and present price action to predict the probability of Invesco CurrencyShares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Invesco CurrencyShares' price. Additionally, you may evaluate how the addition of Invesco CurrencyShares to your portfolios can decrease your overall portfolio volatility.
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The market value of Invesco CurrencyShares 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 CurrencyShares' value that differs from its market value or its book value, called intrinsic value, which is Invesco CurrencyShares' 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 CurrencyShares' market value can be influenced by many factors that don't directly affect Invesco CurrencyShares' 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 CurrencyShares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco CurrencyShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco CurrencyShares' 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.