Invesco Trust Correlations

VGM Stock

USD 9.49 0.01 0.11%

The current 90-days correlation between Invesco Trust For and Invesco Municipal Income is 0.82 (i.e., Very 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

Very weak diversification

The correlation between Invesco Trust For and DJI is 0.56 (i.e., Very weak 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.

Build AI portfolio with Invesco Stock

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 price.

Moving against Invesco Stock

0.36	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.35	UPST	Upstart Holdings	Pair Corr
0.39	KB	KB Financial Group	Pair Corr
0.36	KG	KING PHARMACEUTICALS INC Symbol Change	Pair Corr
0.35	RY	Royal Bank	Pair Corr
0.33	CM	Canadian Imperial Bank	Pair Corr
0.32	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.32	GS	Goldman Sachs Group	Pair Corr
0.32	MS	Morgan Stanley	Pair Corr

Related Correlations Analysis

	OIA	KTF	MFM	CXE	MYD	VKQ	IQI	VMO	VKI	VCV
OIA		0.69	0.74	0.78	0.87	0.95	0.89	0.93	0.95	0.75	OIA
KTF	0.69		0.64	0.71	0.71	0.68	0.65	0.71	0.7	0.61	KTF
MFM	0.74	0.64		0.94	0.85	0.69	0.81	0.59	0.74	0.74	MFM
CXE	0.78	0.71	0.94		0.82	0.74	0.79	0.67	0.75	0.71	CXE
MYD	0.87	0.71	0.85	0.82		0.84	0.9	0.76	0.89	0.88	MYD
VKQ	0.95	0.68	0.69	0.74	0.84		0.9	0.93	0.93	0.68	VKQ
IQI	0.89	0.65	0.81	0.79	0.9	0.9		0.79	0.9	0.79	IQI
VMO	0.93	0.71	0.59	0.67	0.76	0.93	0.79		0.92	0.62	VMO
VKI	0.95	0.7	0.74	0.75	0.89	0.93	0.9	0.92		0.81	VKI
VCV	0.75	0.61	0.74	0.71	0.88	0.68	0.79	0.62	0.81		VCV
	OIA	KTF	MFM	CXE	MYD	VKQ	IQI	VMO	VKI	VCV

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
OIA	0.67	(0.11)	(0.35)	1.05	(1.74)	4.57
KTF	0.50	(0.11)	(1.93)	0.78	(1.58)	3.12
MFM	0.53	(0.06)	1.49	0.94	(1.30)	4.53
CXE	0.55	(0.08)	1.37	1.13	(1.36)	3.67
MYD	0.73	(0.07)	(0.23)	1.22	(2.45)	5.15
VKQ	0.70	(0.10)	(0.30)	1.14	(2.04)	4.24
IQI	0.71	(0.07)	(0.17)	1.17	(2.15)	4.98
VMO	0.59	(0.08)	(0.29)	1.08	(1.40)	4.50
VKI	0.77	(0.08)	(0.21)	1.36	(2.07)	5.61
VCV	0.81	(0.07)	(0.30)	1.90	(2.39)	7.28

Invesco Trust Corporate Management

Anthony LaCava	Independent Trustee	Profile
Todd Kuehl	Chief Compliance Officer	Profile
Teresa Ressel	Independent Trustee	Profile
Tim OReilly	Portfolio Manager	Profile
Robert Troccoli	Independent Trustee	Profile

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