| CUT Etf | | | USD 30.16 0.50 1.63% |
The current 90-days correlation between Invesco MSCI Global and Invesco DB Base is 0.41 (i.e., Very weak diversification). The correlation of Invesco MSCI 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 MSCI Correlation With Market
Poor diversification
The correlation between Invesco MSCI Global and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco MSCI Global and DJI in the same portfolio, assuming nothing else is changed.
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