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SPMGX Invesco SteelPath MLP Alpha R Forecast, Technical & Fundamental Analysis

Category Energy
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Enterprise Products Partners LP (NYSE:EPD), Energy Transfer LP (NYSE:ET), Cheniere Energy (NYSE:LNG), Targa Resources Corp (NYSE:TRGP), Plains All American Pipeline LP (NASDAQ:PAA).

Industry description

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in MLP investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources and in derivatives and other instruments that have economic characteristics similar to such securities. The fund is non-diversified.

Market Cap

The average market capitalization across the Invesco SteelPath MLP Alpha R MF is 34.72B. The market cap for tickers in the group ranges from 6.18B to 63.68B. EPD holds the highest valuation in this group at 63.68B. The lowest valued company is ENLC at 6.18B.

Volume

The average weekly volume growth across all stocks in the Invesco SteelPath MLP Alpha R MF was 95%. For the same stocks of the MF, the average monthly volume growth was 175% and the average quarterly volume growth was 132%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 35
P/E Growth Rating: 32
Price Growth Rating: 31
SMR Rating: 41
Profit Risk Rating: 15
Seasonality Score: 19 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Energy

Profile
Fundamentals
Details
Category
Energy Limited Partnership
Address
SteelPath MLP Funds Trust2100 McKinney Avenue, Suite 1401Dallas
Phone
(214) 740-6040
Web
www.steelpath.com
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SPMGX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, SPMGX has been closely correlated with MLPOX. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPMGX jumps, then MLPOX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPMGX
1D Price
Change %
SPMGX100%
+1.64%
MLPOX - SPMGX
100%
Closely correlated
+1.71%
MLPGX - SPMGX
99%
Closely correlated
+1.63%
OSPAX - SPMGX
99%
Closely correlated
+1.58%
MLPAX - SPMGX
99%
Closely correlated
+1.60%
SPMHX - SPMGX
99%
Closely correlated
+1.58%
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