Invesco CEF Correlations

PCEF Etf

USD 19.11 0.05 0.26%

The current 90-days correlation between Invesco CEF Income and Amplify High Income is 0.9 (i.e., Almost no diversification). The correlation of Invesco CEF 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.

Invesco CEF Correlation With Market

Poor diversification

The correlation between Invesco CEF Income and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco CEF Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco CEF Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Invesco Etf

0.93	AOA	iShares Core Aggressive	Pair Corr
0.7	RLY	SPDR SSgA Multi	Pair Corr
0.7	GAL	SPDR SSgA Global	Pair Corr
0.8	PPI	Investment Managers	Pair Corr
0.94	FCEF	First Trust Income	Pair Corr
0.65	LALT	Invesco Multi Strategy	Pair Corr
0.79	NFLX	Netflix	Pair Corr
0.95	JAVA	JPMorgan Active Value	Pair Corr
0.82	KONG	Formidable Fortress ETF	Pair Corr
0.87	LUX	Tema ETF Trust	Pair Corr
0.93	JPM	JPMorgan Chase	Pair Corr
0.79	WMT	Walmart	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr

Moving against Invesco Etf

0.65

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	YYY	MDIV	KBWD	SPFF	KBWY
YYY		0.85	0.88	0.43	-0.01	YYY
MDIV	0.85		0.93	0.17	-0.21	MDIV
KBWD	0.88	0.93		0.2	-0.11	KBWD
SPFF	0.43	0.17	0.2		0.59	SPFF
KBWY	-0.01	-0.21	-0.11	0.59		KBWY
	YYY	MDIV	KBWD	SPFF	KBWY

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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

KBWD	+ 0.93	MDIV
KBWD	+ 0.88	YYY
MDIV	+ 0.85	YYY
KBWY	+ 0.59	SPFF
SPFF	+ 0.43	YYY
SPFF	+ 0.2	KBWD

High negative correlations

KBWY	- 0.21	MDIV
KBWY	- 0.11	KBWD
KBWY	- 0.01	YYY

Invesco CEF Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco CEF 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 CEF'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
YYY	0.47	0.00	0.00	(0.06)	0.00	0.00	0.88	(0.97)	2.36
MDIV	0.43	0.03	0.13	0.02	0.54	(0.48)	0.86	(0.85)	2.20
KBWD	0.79	0.04	0.06	(0.01)	1.09	(0.77)	1.56	(1.68)	4.14
SPFF	0.46	(0.03)	0.00	(0.16)	0.00	0.00	1.11	(1.18)	3.38
KBWY	0.96	(0.14)	0.00	(0.28)	0.00	0.00	1.64	(1.86)	4.48

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