Invesco Value Correlations

IIM Stock

USD 12.58 0.21 1.70%

The current 90-days correlation between Invesco Value Municipal and Invesco Municipal Income is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco Value moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Value Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Invesco Value Correlation With Market

Average diversification

The correlation between Invesco Value Municipal and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Value Municipal and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Invesco Value Municipal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Invesco Stock

0.64	EARN	Ellington Residential	Pair Corr
0.75	BRKHU	BurTech Acquisition Corp	Pair Corr

Moving against Invesco Stock

0.69	TETEU	Technology Telecommunicatio	Pair Corr
0.64	DYCQ	DT Cloud Acquisition	Pair Corr
0.62	DIST	Distoken Acquisition	Pair Corr
0.57	V	Visa Class A	Pair Corr
0.55	MA	Mastercard	Pair Corr
0.8	EMCG	Embrace Change Acqui	Pair Corr
0.74	ESHA	ESH Acquisition Corp	Pair Corr
0.7	WAVSU	Western Acquisition	Pair Corr
0.65	ANSCW	Agriculture Natural	Pair Corr
0.62	EVGR	Evergreen Corp	Pair Corr
0.58	WAVS	Western Acquisition	Pair Corr
0.55	DISTR	Distoken Acquisition	Pair Corr
0.53	WTMA	Welsbach Technology	Pair Corr
0.45	FDUS	Fidus Investment Corp	Pair Corr
0.39	ROCLW	Roth CH Acquisition	Pair Corr
0.73	FRHC	Freedom Holding Corp	Pair Corr
0.73	SYF	Synchrony Financial Sell-off Trend	Pair Corr

Related Correlations Analysis

	OIA	KTF	MFM	CXE	MYD	IQI	CMU	MHD	DTF	JHS
OIA		0.63	0.64	0.7	0.66	0.74	0.74	0.67	0.16	0.37	OIA
KTF	0.63		0.45	0.34	0.61	0.43	0.6	0.4	0.66	0.1	KTF
MFM	0.64	0.45		0.84	0.84	0.93	0.84	0.88	0.22	0.45	MFM
CXE	0.7	0.34	0.84		0.81	0.89	0.81	0.9	-0.03	0.68	CXE
MYD	0.66	0.61	0.84	0.81		0.84	0.81	0.89	0.33	0.5	MYD
IQI	0.74	0.43	0.93	0.89	0.84		0.87	0.93	0.1	0.53	IQI
CMU	0.74	0.6	0.84	0.81	0.81	0.87		0.85	0.18	0.54	CMU
MHD	0.67	0.4	0.88	0.9	0.89	0.93	0.85		0.06	0.66	MHD
DTF	0.16	0.66	0.22	-0.03	0.33	0.1	0.18	0.06		-0.23	DTF
JHS	0.37	0.1	0.45	0.68	0.5	0.53	0.54	0.66	-0.23		JHS
	OIA	KTF	MFM	CXE	MYD	IQI	CMU	MHD	DTF	JHS

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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

IQI	+ 0.93	MFM
MHD	+ 0.93	IQI
MHD	+ 0.9	CXE
IQI	+ 0.89	CXE
MHD	+ 0.89	MYD
MHD	+ 0.88	MFM

High negative correlations

JHS	- 0.23	DTF
DTF	- 0.03	CXE

Risk-Adjusted Indicators

There is a big difference between Invesco Stock performing well and Invesco Value Company 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 Value'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
OIA	0.61	0.05	(0.08)	(1.22)	0.67	(0.69)	1.52	(1.32)	3.28
KTF	0.44	0.06	(0.09)	(1.75)	0.48	(0.53)	1.12	(0.61)	3.40
MFM	0.46	0.05	(0.14)	(0.12)	0.52	(0.56)	1.08	(1.06)	2.71
CXE	0.49	0.00	(0.17)	0.11	0.54	(0.64)	1.33	(1.02)	3.34
MYD	0.52	0.03	(0.14)	0.76	0.54	(0.59)	1.15	(1.06)	2.65
IQI	0.42	0.02	(0.17)	0.52	0.50	(0.43)	0.80	(0.70)	2.30
CMU	0.40	0.06	(0.12)	(0.29)	0.41	(0.54)	1.11	(0.84)	2.54
MHD	0.50	0.03	(0.11)	(1.15)	0.73	(0.47)	1.00	(1.14)	3.11
DTF	0.23	0.01	(0.35)	(0.09)	0.23	(0.28)	0.54	(0.36)	1.96
JHS	0.30	(0.02)	(0.23)	0.03	0.40	(0.34)	0.78	(0.61)	3.04

Invesco Value Corporate Management

Anthony LaCava	Independent Trustee	Profile
Teresa Ressel	Independent Trustee	Profile
Tim OReilly	Portfolio Manager	Profile
Robert Troccoli	Independent Trustee	Profile

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