Invesco Multi Correlations

LALT Etf

USD 21.14 0.01 0.05%

The current 90-days correlation between Invesco Multi Strategy and First Trust Multi Asset is 0.15 (i.e., Average diversification). The correlation of Invesco Multi 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 Multi Correlation With Market

Average diversification

The correlation between Invesco Multi Strategy Alterna and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Multi Strategy Alterna and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Invesco Multi Strategy Alternative. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Invesco Etf

0.63	JAVA	JPMorgan Active Value	Pair Corr
0.65	JPM	JPMorgan Chase	Pair Corr

Moving against Invesco Etf

0.39

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	MDIV	INKM	GYLD	PCEF	CVY
MDIV		0.95	0.87	0.61	0.61	MDIV
INKM	0.95		0.91	0.54	0.46	INKM
GYLD	0.87	0.91		0.28	0.24	GYLD
PCEF	0.61	0.54	0.28		0.85	PCEF
CVY	0.61	0.46	0.24	0.85		CVY
	MDIV	INKM	GYLD	PCEF	CVY

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Invesco Multi Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco Multi 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 Multi'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
MDIV	0.41	0.06	0.19	0.10	0.40	(0.49)	0.86	(0.74)	2.22
INKM	0.29	0.04	0.21	0.07	0.27	(0.31)	0.76	(0.56)	1.54
GYLD	0.50	0.09	0.20	0.40	0.49	(0.59)	1.02	(0.95)	2.99
PCEF	0.43	0.03	0.09	0.00	0.55	(0.43)	0.86	(0.90)	2.86
CVY	0.59	0.08	0.12	0.06	0.69	(0.63)	1.22	(1.16)	3.13

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