Invesco Exchange Correlations

BSJU Etf

USD 25.49 0.05 0.20%

The current 90-days correlation between Invesco Exchange Traded and Invesco Exchange Traded Self Indexed is 0.51 (i.e., Very weak diversification). The correlation of Invesco Exchange is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Invesco Exchange Correlation With Market

Poor diversification

The correlation between Invesco Exchange Traded Self I and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Exchange Traded Self I and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Invesco Exchange Traded Self Indexed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Invesco Etf

0.63	BSCP	Invesco BulletShares 2025	Pair Corr
0.62	IBDQ	iShares iBonds Dec	Pair Corr
0.67	BSCQ	Invesco BulletShares 2026	Pair Corr
0.63	IBDR	iShares iBonds Dec	Pair Corr
0.71	CEFD	ETRACS Monthly Pay	Pair Corr
0.62	FXY	Invesco CurrencyShares	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.76	IBM	International Business	Pair Corr
0.65	T	ATT Inc Sell-off Trend	Pair Corr
0.83	MMM	3M Company	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr

Moving against Invesco Etf

0.68	MRK	Merck Company	Pair Corr
0.33	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.11	0.51	-0.55	0.16	0.46	0.39	0.89	-0.64	-0.19	META
MSFT	0.11		-0.56	-0.07	-0.81	0.8	0.89	0.3	0.41	-0.58	MSFT
UBER	0.51	-0.56		-0.23	0.78	-0.33	-0.49	0.43	-0.83	0.51	UBER
F	-0.55	-0.07	-0.23		0.11	-0.21	-0.25	-0.4	0.38	0.47	F
T	0.16	-0.81	0.78	0.11		-0.67	-0.74	0.04	-0.66	0.65	T
A	0.46	0.8	-0.33	-0.21	-0.67		0.86	0.63	0.2	-0.5	A
CRM	0.39	0.89	-0.49	-0.25	-0.74	0.86		0.48	0.25	-0.66	CRM
JPM	0.89	0.3	0.43	-0.4	0.04	0.63	0.48		-0.55	-0.07	JPM
MRK	-0.64	0.41	-0.83	0.38	-0.66	0.2	0.25	-0.55		-0.38	MRK
XOM	-0.19	-0.58	0.51	0.47	0.65	-0.5	-0.66	-0.07	-0.38		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JPM	+ 0.89	META
CRM	+ 0.89	MSFT
CRM	+ 0.86	A
A	+ 0.8	MSFT
T	+ 0.78	UBER
XOM	+ 0.65	T

High negative correlations

MRK	- 0.83	UBER
T	- 0.81	MSFT
CRM	- 0.74	T
A	- 0.67	T
XOM	- 0.66	CRM
MRK	- 0.66	T

Invesco Exchange Competition Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco Exchange ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Invesco Exchange's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.67	0.06	0.02	(0.01)	2.39	(1.45)	2.96	(4.29)	8.90
MSFT	1.12	(0.16)	0.00	(0.23)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.94	0.34	0.15	0.38	2.15	(2.13)	4.72	(3.13)	12.75
F	1.46	0.10	0.04	0.03	2.22	(1.38)	2.71	(2.89)	10.14
T	0.99	0.37	0.24	0.67	1.40	(1.17)	1.99	(1.21)	11.66
A	1.14	(0.15)	0.00	(0.21)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.39	(0.29)	0.00	(0.28)	0.00	0.00	2.72	(3.53)	8.88
JPM	1.10	0.11	0.06	0.03	1.67	(1.06)	2.16	(2.12)	6.85
MRK	1.21	(0.13)	0.00	0.61	0.00	0.00	2.07	(2.25)	11.58
XOM	1.01	0.20	0.16	0.38	1.21	(1.08)	2.55	(2.36)	5.89

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