Invesco Actively Correlations

EFAA Etf

51.26 0.09 0.18%

The current 90-days correlation between Invesco Actively Managed and EA Series Trust is 0.11 (i.e., Average diversification). The correlation of Invesco Actively 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.

Invesco Actively Correlation With Market

Very weak diversification

The correlation between Invesco Actively Managed and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Actively Managed and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Invesco Actively Managed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Invesco Etf

0.95	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.91	XYLD	Global X SP	Pair Corr
0.97	DIVO	Amplify CWP Enhanced	Pair Corr
0.89	RYLD	Global X Russell	Pair Corr
0.95	JEPQ	JPMorgan Nasdaq Equity Sell-off Trend	Pair Corr
0.9	KNG	FT Cboe Vest	Pair Corr
0.95	BUYW	Main Buywrite ETF	Pair Corr
0.63	PMBS	PIMCO Mortgage Backed	Pair Corr
0.84	ITDD	iShares Trust	Pair Corr
0.72	HIDE	Alpha Architect High	Pair Corr
0.88	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.96	QTOC	Innovator ETFs Trust	Pair Corr
0.94	PFUT	Putnam Sustainable Future	Pair Corr
0.81	VBF	Invesco Van Kampen	Pair Corr
0.67	EUSB	iShares Trust	Pair Corr
0.97	CGGO	Capital Group Global	Pair Corr
0.95	SRLN	SPDR Blackstone Senior	Pair Corr
0.86	SPIB	SPDR Barclays Interm	Pair Corr
0.96	BUFD	FT Cboe Vest	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.55	0.55	0.93	0.29	0.94	0.23	0.56	META
MSFT	0.98		0.87	0.59	0.52	0.89	0.29	0.96	0.24	0.55	MSFT
UBER	0.84	0.87		0.63	0.42	0.81	0.54	0.88	0.21	0.5	UBER
F	0.55	0.59	0.63		0.29	0.61	0.04	0.66	0.34	0.59	F
T	0.55	0.52	0.42	0.29		0.57	0.17	0.5	0.27	0.22	T
A	0.93	0.89	0.81	0.61	0.57		0.24	0.89	0.37	0.67	A
CRM	0.29	0.29	0.54	0.04	0.17	0.24		0.23	-0.26	-0.11	CRM
JPM	0.94	0.96	0.88	0.66	0.5	0.89	0.23		0.32	0.64	JPM
MRK	0.23	0.24	0.21	0.34	0.27	0.37	-0.26	0.32		0.55	MRK
XOM	0.56	0.55	0.5	0.59	0.22	0.67	-0.11	0.64	0.55		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.94	META
A	+ 0.93	META
A	+ 0.89	MSFT
JPM	+ 0.89	A

High negative correlations

MRK	- 0.26	CRM
XOM	- 0.11	CRM

Invesco Actively Competition Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco Actively ETF 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 Actively'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
META	1.51	0.26	0.21	0.32	1.10	(1.82)	3.99	(2.35)	10.48
MSFT	0.90	0.30	0.27	0.47	0.54	(1.09)	2.33	(1.08)	8.85
UBER	1.64	0.20	0.13	0.33	1.40	(2.08)	4.19	(2.54)	10.87
F	1.28	0.20	0.10	0.42	1.41	(1.39)	2.69	(2.33)	7.46
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
A	1.46	(0.07)	0.00	0.09	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.13)	(0.04)	0.04	1.74	(1.28)	2.95	(3.19)	9.31
JPM	0.90	0.22	0.18	0.38	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.39	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.13	0.05	(0.04)	0.41	1.36	(1.15)	2.40	(2.58)	5.84

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