Invesco BuyBack Correlations

Etfs . USA . 
Etf . Invesco BuyBack Achievers
PKW Etf  USD 119.58  0.65  0.54%   
The current 90-days correlation between Invesco BuyBack Achievers and Invesco Dividend Achievers is -0.11 (i.e., Good diversification). The correlation of Invesco BuyBack 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 BuyBack Correlation With Market

Almost no diversification

The correlation between Invesco BuyBack Achievers and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco BuyBack Achievers and DJI in the same portfolio, assuming nothing else is changed.
  
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Moving against Invesco Etf

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Related Correlations Analysis

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Invesco BuyBack Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco BuyBack 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 BuyBack'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.

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