Invesco Financial Correlations

PGF Etf

USD 14.49 0.09 0.62%

The current 90-days correlation between Invesco Financial and Invesco Preferred ETF is 0.97 (i.e., Almost no diversification). The correlation of Invesco Financial 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 Financial Correlation With Market

Very weak diversification

The correlation between Invesco Financial Preferred and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Financial Preferred 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 Financial Preferred. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Invesco Etf

0.87	PFF	iShares Preferred	Pair Corr
0.78	FPE	First Trust Preferred	Pair Corr
0.98	PGX	Invesco Preferred ETF	Pair Corr
0.92	PFFD	Global X Preferred	Pair Corr
0.7	VRP	Invesco Variable Rate	Pair Corr
0.98	PSK	SPDR ICE Preferred	Pair Corr
0.61	FPEI	First Trust Institutional	Pair Corr
0.9	PFFA	Virtus InfraCap Preferred	Pair Corr
0.71	DUKH	Ocean Park High	Pair Corr

Related Correlations Analysis

	PGX	PFF	PSK	PFXF	PHB
PGX		0.88	0.98	0.61	0.63	PGX
PFF	0.88		0.93	0.9	0.43	PFF
PSK	0.98	0.93		0.7	0.6	PSK
PFXF	0.61	0.9	0.7		0.12	PFXF
PHB	0.63	0.43	0.6	0.12		PHB
	PGX	PFF	PSK	PFXF	PHB

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Invesco Financial Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco Financial 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 Financial'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
PGX	0.50	0.01	0.01	0.02	0.55	(0.61)	0.88	(0.79)	3.28
PFF	0.44	(0.01)	(0.01)	(0.02)	0.49	(0.54)	0.80	(0.70)	2.76
PSK	0.50	0.00	0.01	0.01	0.56	(0.56)	1.09	(0.84)	3.25
PFXF	0.45	(0.02)	0.00	(0.06)	0.00	0.00	0.76	(0.87)	2.27
PHB	0.20	0.01	0.05	0.06	0.18	(0.22)	0.33	(0.39)	1.29

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Invesco Financial Correlations

Invesco Financial Correlation With Market

Very weak diversification

Moving together with Invesco Etf

Related Correlations Analysis

Invesco Financial Constituents Risk-Adjusted Indicators

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