Invesco Mortgage Correlations

Stocks . USA . 
Stock . Invesco Mortgage Capital
IVR Stock  USD 8.62  0.13  1.49%   
The current 90-days correlation between Invesco Mortgage Capital and MFA Financial is 0.76 (i.e., Poor diversification). The correlation of Invesco Mortgage 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 Mortgage Correlation With Market

Weak diversification

The correlation between Invesco Mortgage Capital and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Mortgage Capital 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 Mortgage Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Invesco Stock

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  0.64AC Associated CapitalPairCorr
  0.72DB Deutsche Bank AGPairCorr
  0.7LU Lufax HoldingPairCorr
  0.83LX Lexinfintech HoldingsPairCorr
  0.73MA MastercardPairCorr
  0.89XP Xp IncPairCorr
  0.66DMYY dMY Squared TechnologyPairCorr
  0.82DOMH Dominari Holdings Earnings Call This WeekPairCorr
  0.75GCMGW GCM GrosvenorPairCorr
  0.68WSBF Waterstone FinancialPairCorr
  0.71FDUS Fidus Investment CorpPairCorr

Moving against Invesco Stock

  0.74LC LendingClub CorpPairCorr
  0.53DHIL Diamond Hill InvestmentPairCorr
  0.53BX Blackstone GroupPairCorr
  0.36CG Carlyle Group Normal TradingPairCorr
  0.82VRTS Virtus InvestmentPairCorr
  0.72LGHLW Lion Financial GroupPairCorr
  0.69WULF Terawulf Downward RallyPairCorr
  0.63WD Walker DunlopPairCorr
  0.62WT WisdomTreePairCorr
  0.5ABR Arbor Realty TrustPairCorr
  0.49BLK BlackRockPairCorr
  0.31ECPG Encore Capital GroupPairCorr

Related Correlations Analysis

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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   
NYMT
+ 0.84
TWO
TWO
+ 0.82
MFA
ARR
+ 0.82
TWO
ARR
+ 0.81
MFA
NYMT
+ 0.77
MFA
ARR
+ 0.71
NYMT
  
High negative correlations   
CIM
- 0.32
NYMT
CIM
- 0.16
TWO
CIM
- 0.0
ARR

Risk-Adjusted Indicators

There is a big difference between Invesco Stock performing well and Invesco Mortgage 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 Mortgage'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.

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