Invesco Municipal Correlations

VKQ Stock

USD 9.74 0.01 0.10%

The current 90-days correlation between Invesco Municipal Trust and Invesco Trust For is 0.75 (i.e., Poor diversification). The correlation of Invesco Municipal 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 Municipal Correlation With Market

Modest diversification

The correlation between Invesco Municipal Trust and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Municipal Trust 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 Municipal Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Invesco Stock

0.82	V	Visa Class A	Pair Corr
0.75	MA	Mastercard	Pair Corr
0.61	GDST	Goldenstone Acquisition	Pair Corr
0.68	SNFCA	Security National Earnings Call This Week	Pair Corr
0.84	BBDC	Barings BDC	Pair Corr
0.82	COOP	Mr Cooper Group	Pair Corr
0.62	C	Citigroup Aggressive Push	Pair Corr
0.68	AC	Associated Capital	Pair Corr
0.8	BK	Bank of New York	Pair Corr

Moving against Invesco Stock

0.48	WD	Walker Dunlop	Pair Corr
0.4	ORGN	Origin Materials	Pair Corr
0.48	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.45	BITF	Bitfarms Buyout Trend	Pair Corr
0.41	CODI	Compass Diversified	Pair Corr
0.39	DHIL	Diamond Hill Investment	Pair Corr
0.52	EG	Everest Group	Pair Corr
0.47	LC	LendingClub Corp	Pair Corr
0.35	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	VGM	IQI	VMO	CXE	OIA	KTF	MFM	MYD	MHD
VGM		0.95	0.85	0.87	0.68	0.71	0.85	0.85	0.8	VGM
IQI	0.95		0.92	0.91	0.76	0.84	0.91	0.89	0.84	IQI
VMO	0.85	0.92		0.9	0.89	0.9	0.89	0.92	0.87	VMO
CXE	0.87	0.91	0.9		0.79	0.89	0.91	0.89	0.81	CXE
OIA	0.68	0.76	0.89	0.79		0.81	0.81	0.89	0.85	OIA
KTF	0.71	0.84	0.9	0.89	0.81		0.85	0.87	0.82	KTF
MFM	0.85	0.91	0.89	0.91	0.81	0.85		0.9	0.8	MFM
MYD	0.85	0.89	0.92	0.89	0.89	0.87	0.9		0.95	MYD
MHD	0.8	0.84	0.87	0.81	0.85	0.82	0.8	0.95		MHD
	VGM	IQI	VMO	CXE	OIA	KTF	MFM	MYD	MHD

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Risk-Adjusted Indicators

There is a big difference between Invesco Stock performing well and Invesco Municipal 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 Municipal'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
VGM	0.51	0.02	0.07	0.08	0.66	(0.51)	0.90	(1.19)	3.59
IQI	0.48	0.01	0.07	0.01	0.50	(0.62)	1.24	(0.83)	2.53
VMO	0.42	(0.02)	0.00	(3.70)	0.00	0.00	0.96	(1.06)	2.19
CXE	0.59	(0.01)	0.00	(0.19)	0.00	0.00	0.82	(1.08)	4.08
OIA	0.61	(0.05)	0.00	(1.21)	0.00	0.00	1.32	(1.53)	3.67
KTF	0.36	(0.03)	0.00	(0.37)	0.00	0.00	0.75	(0.95)	2.76
MFM	0.61	(0.01)	0.00	(0.10)	0.00	0.00	1.12	(1.50)	3.55
MYD	0.47	(0.03)	0.00	(0.24)	0.00	0.00	0.97	(1.06)	2.63
MHD	0.50	(0.02)	0.00	(0.20)	0.00	0.00	0.94	(1.03)	2.80

Invesco Municipal 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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