Correlation Between Invesco Municipal and Exodus Movement,

Can any of the company-specific risk be diversified away by investing in both Invesco Municipal and Exodus Movement, at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Invesco Municipal and Exodus Movement, into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Invesco Municipal Income and Exodus Movement,, you can compare the effects of market volatilities on Invesco Municipal and Exodus Movement, and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Invesco Municipal with a short position of Exodus Movement,. Check out your portfolio center. Please also check ongoing floating volatility patterns of Invesco Municipal and Exodus Movement,.

Diversification Opportunities for Invesco Municipal and Exodus Movement,

0.25

Correlation Coefficient

Invesco Municipal  Exodus Movement,

Modest diversification

The 3 months correlation between Invesco and Exodus is 0.25. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Municipal Income and Exodus Movement, in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Exodus Movement, and Invesco Municipal is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Invesco Municipal Income are associated (or correlated) with Exodus Movement,. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exodus Movement, has no effect on the direction of Invesco Municipal i.e., Invesco Municipal and Exodus Movement, go up and down completely randomly.

Pair Corralation between Invesco Municipal and Exodus Movement,

Assuming the 90 days horizon Invesco Municipal is expected to generate 188.41 times less return on investment than Exodus Movement,. But when comparing it to its historical volatility, Invesco Municipal Income is 55.11 times less risky than Exodus Movement,. It trades about 0.02 of its potential returns per unit of risk. Exodus Movement, is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  3,505  in Exodus Movement, on December 21, 2024 and sell it today you would earn a total of  570.00  from holding Exodus Movement, or generate 16.26% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

Invesco Municipal Income  vs.  Exodus Movement,

Invesco Municipal Income

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Invesco Municipal Income are ranked lower than 1 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Invesco Municipal is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Exodus Movement,

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in Exodus Movement, are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of rather weak basic indicators, Exodus Movement, exhibited solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Invesco Municipal and Exodus Movement,

The main advantage of trading using opposite Invesco Municipal and Exodus Movement, positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Invesco Municipal position performs unexpectedly, Exodus Movement, can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Exodus Movement, will offset losses from the drop in Exodus Movement,'s long position.

The idea behind Invesco Municipal Income and Exodus Movement, pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.