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Invesco Quality Municipalome Trust (Invesco Quality Municipalome Trust) GF Value Rank : 1 (As of Apr. 28, 2024)


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What is Invesco Quality Municipalome Trust GF Value Rank?

Invesco Quality Municipalome Trust has the GF Value Rank of 1.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Invesco Quality Municipalome Trust's GF Value Rank

For the Asset Management subindustry, Invesco Quality Municipalome Trust's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Invesco Quality Municipalome Trust's GF Value Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco Quality Municipalome Trust's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Invesco Quality Municipalome Trust's GF Value Rank falls into.


Invesco Quality Municipalome Trust GF Value Rank Related Terms

Thank you for viewing the detailed overview of Invesco Quality Municipalome Trust's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Invesco Quality Municipalome Trust (Invesco Quality Municipalome Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco Quality Municipal Income Trust (NYSE:IQI) » Definitions » GF Value Rank
Comparable Companies
BLE GUT BUI GHY NXJ BLW STK VKQ MYD FRA BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
1555 Peachtree Street, N.E., Suite 1800, Atlanta, GA, USA, 30309
Website
https://www.invesco.com
Invesco Quality Municipal Income Trust is a diversified, closed-end management investment company. Its investment objective is to provide current income which is exempt from federal income tax.
Executives
Glenn Eugene Brightman officer: President & PEO 570 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Stephanie Butcher officer: Senior Vice President 1555 PEACHTREE ST. NE, ATLANTA GA 30309
Tony Wong director, officer: Senior Vice President 1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Melanie Ringold officer: SVP, CLO and Secretary 1555 PEACHTREE STREE NE, SUITE 1800, ATLANTA GA 30309
Terry Vacheron officer: Chief Financial Officer 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Mark William Gregson officer: Chief Accounting Officer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Bordewick James R Jr officer: Senior Officer & SVP C/O BANC OF AMERICA INVESTMENT ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Rebecca Setcavage other: Portfolio Manager 1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Josh Cooney other: Portfolio Manager 1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Adrien Deberghes officer: Vice President,PFO & Treasurer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Wells Fargo Bank N A 10 percent owner 101 NORTH PHILLIPS AVENUE, SIOUX FALLS SD 57104
Jpmorgan Chase Bank, N.a. 10 percent owner 1111 POLARIS PARKWAY, COLUMBUS OH 43240
Laura Allison Dukes officer: SMD and CFO 780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342
Loren M Starr director
Annette Lege director, officer: CFO & CAO 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309