Invesco Trust Correlations

VTN Stock

USD 10.70 0.04 0.38%

The current 90-days correlation between Invesco Trust For and Pimco New York is 0.6 (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 0.27 (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 estimate.

Moving together with Invesco Stock

0.86	DHIL	Diamond Hill Investment	Pair Corr
0.88	BEN	Franklin Resources	Pair Corr
0.78	FHI	Federated Investors	Pair Corr
0.64	JHG	Janus Henderson Group	Pair Corr
0.72	AMTD	AMTD IDEA Group	Pair Corr
0.91	APAM	Artisan Partners Asset	Pair Corr
0.85	BBUC	Brookfield Business Corp	Pair Corr
0.86	AX	Axos Financial	Pair Corr
0.63	BX	Blackstone Group	Pair Corr
0.89	BY	Byline Bancorp	Pair Corr

Moving against Invesco Stock

0.76	CGBD	Carlyle Secured Lending	Pair Corr
0.5	ARES	Ares Management LP	Pair Corr
0.43	FDUS	Fidus Investment Corp	Pair Corr
0.42	TSLX	Sixth Street Specialty	Pair Corr
0.36	AXP	American Express	Pair Corr
0.34	GBDC	Golub Capital BDC	Pair Corr
0.32	V	Visa Class A	Pair Corr
0.52	LX	Lexinfintech Holdings Upward Rally	Pair Corr
0.51	GL	Globe Life	Pair Corr
0.44	C	Citigroup	Pair Corr
0.41	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.36	AB	AllianceBernstein Normal Trading	Pair Corr

Related Correlations Analysis

	PNI	EVY	PYN	BNY	VCV	GNT	NQP	VKI	CXH	CBH
PNI		0.0	0.95	0.94	-0.21	0.53	0.94	0.88	0.88	0.0	PNI
EVY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	EVY
PYN	0.95	0.0		0.93	-0.25	0.65	0.94	0.9	0.89	0.0	PYN
BNY	0.94	0.0	0.93		-0.1	0.71	0.98	0.95	0.88	0.0	BNY
VCV	-0.21	0.0	-0.25	-0.1		0.22	-0.14	-0.01	-0.14	0.0	VCV
GNT	0.53	0.0	0.65	0.71	0.22		0.72	0.75	0.58	0.0	GNT
NQP	0.94	0.0	0.94	0.98	-0.14	0.72		0.95	0.9	0.0	NQP
VKI	0.88	0.0	0.9	0.95	-0.01	0.75	0.95		0.82	0.0	VKI
CXH	0.88	0.0	0.89	0.88	-0.14	0.58	0.9	0.82		0.0	CXH
CBH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CBH
	PNI	EVY	PYN	BNY	VCV	GNT	NQP	VKI	CXH	CBH

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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

NQP	+ 0.98	BNY
PYN	+ 0.95	PNI
VKI	+ 0.95	BNY
VKI	+ 0.95	NQP
BNY	+ 0.94	PNI
NQP	+ 0.94	PNI

High negative correlations

VCV	- 0.25	PYN
VCV	- 0.21	PNI
CXH	- 0.14	VCV
NQP	- 0.14	VCV
VCV	- 0.1	BNY
VKI	- 0.01	VCV

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
PNI	0.48	0.02	0.02	0.08	0.82	(0.44)	0.84	(0.84)	3.49
EVY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PYN	0.48	(0.01)	(0.02)	(0.04)	0.59	(0.59)	0.88	(1.06)	2.59
BNY	0.45	0.01	0.01	0.06	0.57	(0.50)	0.87	(1.05)	2.43
VCV	0.54	0.14	0.16	0.90	0.61	(0.59)	1.54	(1.03)	4.71
GNT	0.74	0.05	0.04	0.13	1.13	(0.74)	1.42	(1.65)	5.29
NQP	0.49	0.01	0.01	0.08	0.70	(0.47)	0.82	(1.28)	3.08
VKI	0.54	0.00	0.00	0.03	0.76	(0.51)	1.18	(1.03)	3.67
CXH	0.42	0.00	0.00	(0.01)	0.68	(0.40)	0.76	(1.01)	3.44
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Invesco Trust Corporate Management

Andrew Schlossberg	Senior Vice President	Profile
Anthony LaCava	Independent Trustee	Profile
Teresa Ressel	Independent Trustee	Profile
Tim OReilly	Portfolio Manager	Profile
Robert Leveille	Chief Compliance Officer	Profile

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