Invesco QQQ Trust (Nasdaq 100) QQQ
An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · To maintain the correspondence between the composition and weights of the securities in the trust (the "securities") and the stocks in the NASDAQ-100 Index®, the adviser adjusts the securities from time to time to confor…
read at $717.12
Invesco QQQ Trust (Nasdaq 100) holds its Accumulation at $717.12.
- PHPhase · the trend structure carries the Accumulation label
- INInsiders · no filings inside 60 days, left as found
- POPositioning · no disclosures inside 60 days, left as found
- OPOptions · no verdict drawn today, left as found
- SCScreen · screen not yet scored
- edge confirmed
- edge broken
- edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
The investor read · the season, not the day
| Phase | Accumulation |
| Quantitative state | Consolidating, no directional conviction, held for 262 days |
| Price | $717.12 |
| Valuation | 32.19 trailing · N/A forward price to earnings |
| Values screen | Not scored · score 30.0 |
| Beta | N/A |
The values screen, explained · five checks, plain English
This security has not been fully scored against the values screen yet.
- Business activity Nasdaq 100 ETF — tech-heavy, many compliant but includes some non-compliant Fail
- Debt load Interest-bearing debt is of its assets, above the one-third ceiling the screen allows. Fail
- Interest-bearing cash Interest-bearing cash and securities are of assets, above the one-third limit. Fail
- Receivables Money owed to the company is of assets, above the 49% limit. Fail
- Revenue purity of revenue comes from non-compliant sources, over the 5% line. Fail
Five checks adapted from AAOIFI screening standards — business activity plus four balance-sheet ratios. All five must pass for ethical clearance.
The opportunity · what the numbers say it is worth
Our framework reads AVOID
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
The business, in plain words · what the numbers mean
| Trailing P/E | 32.2x a premium valuation |
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
The trader read · the latest dated commentary