Invesco Trust Correlations

VGM Stock

USD 10.23 0.01 0.1%

The current 90-days correlation between Invesco Trust For and Invesco Municipal Income is 0.7 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Trust For moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Invesco Trust Correlation With Market

Modest diversification

The correlation between Invesco Trust For and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Trust For and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Invesco Trust For. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Invesco Stock

0.66	NMFC	New Mountain Finance	Pair Corr
0.64	NTRS	Northern Trust	Pair Corr
0.72	ALLY	Ally Financial	Pair Corr
0.69	BBUC	Brookfield Business Corp	Pair Corr
0.69	TCPC	BlackRock TCP Capital	Pair Corr
0.76	TPVG	Triplepoint Venture Earnings Call This Week	Pair Corr
0.7	BN	Brookfield Corp	Pair Corr

Moving against Invesco Stock

0.37

LendingClub Corp

Pair Corr

Related Correlations Analysis

	OIA	KTF	MFM	CXE	MYD	VKQ	IQI	VMO	VKI	VCV
OIA		0.91	0.89	0.81	0.96	0.7	0.72	0.78	0.78	-0.53	OIA
KTF	0.91		0.93	0.89	0.95	0.77	0.81	0.84	0.85	-0.37	KTF
MFM	0.89	0.93		0.92	0.95	0.86	0.88	0.91	0.91	-0.25	MFM
CXE	0.81	0.89	0.92		0.89	0.89	0.91	0.93	0.94	-0.13	CXE
MYD	0.96	0.95	0.95	0.89		0.8	0.81	0.86	0.86	-0.4	MYD
VKQ	0.7	0.77	0.86	0.89	0.8		0.98	0.97	0.94	0.14	VKQ
IQI	0.72	0.81	0.88	0.91	0.81	0.98		0.98	0.97	0.1	IQI
VMO	0.78	0.84	0.91	0.93	0.86	0.97	0.98		0.96	0.02	VMO
VKI	0.78	0.85	0.91	0.94	0.86	0.94	0.97	0.96		0.0	VKI
VCV	-0.53	-0.37	-0.25	-0.13	-0.4	0.14	0.1	0.02	0.0		VCV
	OIA	KTF	MFM	CXE	MYD	VKQ	IQI	VMO	VKI	VCV

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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

IQI	+ 0.98	VKQ
VMO	+ 0.98	IQI
VMO	+ 0.97	VKQ
VKI	+ 0.97	IQI
MYD	+ 0.96	OIA
VKI	+ 0.96	VMO

High negative correlations

VCV	- 0.53	OIA
VCV	- 0.4	MYD
VCV	- 0.37	KTF
VCV	- 0.25	MFM
VCV	- 0.13	CXE
VCV	- 0.0	VKI

Risk-Adjusted Indicators

There is a big difference between Invesco Stock performing well and Invesco Trust 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 Trust'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
OIA	0.64	(0.06)	0.00	(0.21)	0.00	0.00	1.32	(1.70)	3.88
KTF	0.35	(0.01)	0.00	(0.10)	0.00	0.00	0.75	(0.94)	2.23
MFM	0.54	0.00	0.01	0.00	0.71	(0.61)	1.29	(1.12)	3.54
CXE	0.59	0.03	0.03	0.23	0.71	(0.64)	1.34	(1.33)	4.08
MYD	0.50	(0.03)	0.00	(0.15)	0.00	0.00	0.97	(1.07)	3.34
VKQ	0.54	0.04	0.07	0.16	0.58	(0.63)	1.10	(1.09)	3.29
IQI	0.49	0.04	0.08	0.19	0.46	(0.64)	1.33	(0.83)	3.07
VMO	0.45	0.02	0.05	0.14	0.51	(0.55)	1.06	(1.13)	2.36
VKI	0.53	0.02	0.03	0.13	0.74	(0.50)	1.18	(1.03)	3.67
VCV	0.54	0.14	0.18	(2.63)	0.61	(0.59)	1.54	(1.03)	4.71

Invesco Trust Corporate Management

Anthony LaCava	Independent Trustee	Profile
Todd Kuehl	Chief Compliance Officer	Profile
Teresa Ressel	Independent Trustee	Profile
Tim OReilly	Portfolio Manager	Profile
Robert Troccoli	Independent Trustee	Profile

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