Invesco Preferred Correlations
| PGX Etf | USD 11.47 0.08 0.69% |
The current 90-days correlation between Invesco Preferred ETF and Invesco Financial Preferred is 0.97 (i.e., Almost no diversification). The correlation of Invesco Preferred 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 Preferred Correlation With Market
Very weak diversification
The correlation between Invesco Preferred ETF 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 Preferred ETF and DJI in the same portfolio, assuming nothing else is changed.
Invesco |
Moving together with Invesco Etf
| 0.86 | PFF | iShares Preferred Sell-off Trend | PairCorr |
| 0.76 | FPE | First Trust Preferred | PairCorr |
| 0.92 | PFFD | Global X Preferred | PairCorr |
| 0.67 | VRP | Invesco Variable Rate | PairCorr |
| 0.98 | PGF | Invesco Financial | PairCorr |
| 0.98 | PSK | SPDR ICE Preferred | PairCorr |
| 0.61 | FPEI | First Trust Institutional | PairCorr |
| 0.87 | PFFA | Virtus InfraCap Preferred | PairCorr |
| 0.74 | DUKH | Ocean Park High | PairCorr |
| 0.65 | SMI | VanEck Vectors ETF | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Invesco Preferred Constituents Risk-Adjusted Indicators
There is a big difference between Invesco Etf performing well and Invesco Preferred 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 Preferred'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PGF | 0.50 | 0.02 | 0.11 | (0.01) | 0.55 | 1.09 | 3.46 | |||
| PFF | 0.43 | 0.00 | 0.00 | (0.07) | 0.00 | 0.80 | 2.76 | |||
| PFXF | 0.45 | 0.00 | 0.00 | (0.06) | 0.00 | 0.76 | 2.27 | |||
| PSK | 0.50 | 0.00 | 0.00 | (0.05) | 0.00 | 1.09 | 3.25 | |||
| SDIV | 0.60 | 0.06 | 0.12 | 0.05 | 0.73 | 1.25 | 3.37 |