Invesco Municipal Income Fund Alpha and Beta Analysis

VMIIX Fund  USD 12.00  0.02  0.17%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Invesco Municipal Income. It also helps investors analyze the systematic and unsystematic risks associated with investing in Invesco Municipal over a specified time horizon. Remember, high Invesco Municipal's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Invesco Municipal's market risk premium analysis include:
Beta
0.0755
Alpha
(0.01)
Risk
0.21
Sharpe Ratio
0.0011
Expected Return
0.0002
Please note that although Invesco Municipal alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Invesco Municipal did 0.01  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Invesco Municipal Income fund's relative risk over its benchmark. Invesco Municipal Income has a beta of 0.08  . As returns on the market increase, Invesco Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Municipal is expected to be smaller as well. .
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Invesco Municipal Backtesting, Portfolio Optimization, Invesco Municipal Correlation, Invesco Municipal Hype Analysis, Invesco Municipal Volatility, Invesco Municipal History and analyze Invesco Municipal Performance.

Invesco Municipal Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Invesco Municipal market risk premium is the additional return an investor will receive from holding Invesco Municipal 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 Municipal. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Invesco Municipal's performance over market.
α-0.01   β0.08

Invesco Municipal expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Invesco Municipal's Buy-and-hold return. Our buy-and-hold chart shows how Invesco Municipal performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Invesco Municipal Market Price Analysis

Market price analysis indicators help investors to evaluate how Invesco Municipal mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Invesco Municipal shares will generate the highest return on investment. By understating and applying Invesco Municipal mutual fund market price indicators, traders can identify Invesco Municipal position entry and exit signals to maximize returns.

Invesco Municipal Return and Market Media

The median price of Invesco Municipal for the period between Fri, Dec 29, 2023 and Thu, Mar 28, 2024 is 11.98 with a coefficient of variation of 0.51. The daily time series for the period is distributed with a sample standard deviation of 0.06, arithmetic mean of 11.98, and mean deviation of 0.05. The Fund received some media coverage during the period.
 Price Growth (%)  
       Timeline  

About Invesco Municipal Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Invesco or other funds. Alpha measures the amount that position in Invesco Municipal Income has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Invesco Municipal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Invesco Municipal's short interest history, or implied volatility extrapolated from Invesco Municipal options trading.

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Complementary Tools for Invesco Mutual Fund analysis

When running Invesco Municipal's price analysis, check to measure Invesco Municipal's 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 Municipal is operating at the current time. Most of Invesco Municipal's value examination focuses on studying past and present price action to predict the probability of Invesco Municipal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Invesco Municipal's price. Additionally, you may evaluate how the addition of Invesco Municipal to your portfolios can decrease your overall portfolio volatility.
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Invesco Municipal technical mutual fund 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, fund market cycles, or different charting patterns.
A focus of Invesco Municipal technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Invesco Municipal trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...