Invesco Advantage Correlations
| VKI Stock | USD 8.28 0.12 1.47% |
The current 90-days correlation between Invesco Advantage MIT and Invesco Quality Municipal is 0.88 (i.e., Very poor diversification). The correlation of Invesco Advantage 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 Advantage Correlation With Market
Very weak diversification
The correlation between Invesco Advantage MIT and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Advantage MIT and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Invesco Stock
| 0.79 | VRTS | Virtus Investment | PairCorr |
| 0.88 | FDUS | Fidus Investment Corp | PairCorr |
| 0.75 | MITT | AG Mortgage Investment | PairCorr |
| 0.74 | ORGN | Origin Materials | PairCorr |
| 0.77 | PNNT | PennantPark Investment | PairCorr |
| 0.77 | SLRC | SLR Investment Corp | PairCorr |
| 0.65 | C | Citigroup Earnings Call This Week | PairCorr |
| 0.73 | DHIL | Diamond Hill Investment | PairCorr |
| 0.82 | BX | Blackstone Group | PairCorr |
| 0.82 | BY | Byline Bancorp | PairCorr |
| 0.71 | CG | Carlyle Group | PairCorr |
| 0.68 | FG | FG Annuities Life | PairCorr |
| 0.61 | GS | Goldman Sachs Group | PairCorr |
| 0.8 | LC | LendingClub Corp | PairCorr |
| 0.69 | LU | Lufax Holding | PairCorr |
| 0.83 | MC | Moelis | PairCorr |
| 0.81 | PB | Prosperity Bancshares | PairCorr |
| 0.74 | PX | P10 Inc | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Invesco Stock performing well and Invesco Advantage 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 Advantage'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IQI | 0.65 | (0.07) | 0.00 | (0.31) | 0.00 | 1.25 | 5.04 | |||
| VCV | 0.81 | (0.09) | 0.00 | (0.51) | 0.00 | 1.91 | 7.18 | |||
| KTF | 0.48 | (0.09) | 0.00 | (2.40) | 0.00 | 0.79 | 3.17 | |||
| VGM | 0.62 | (0.04) | 0.00 | (0.26) | 0.00 | 0.91 | 4.53 | |||
| VKQ | 0.67 | (0.08) | 0.00 | (0.39) | 0.00 | 1.28 | 4.29 | |||
| VMO | 0.56 | (0.07) | 0.00 | (0.41) | 0.00 | 1.06 | 4.44 | |||
| OIA | 0.68 | (0.06) | 0.00 | (0.33) | 0.00 | 1.44 | 5.15 | |||
| MFM | 0.58 | (0.10) | 0.00 | (0.79) | 0.00 | 0.80 | 4.53 | |||
| CXE | 0.56 | (0.10) | 0.00 | (1.37) | 0.00 | 0.85 | 3.98 | |||
| MYD | 0.71 | (0.07) | 0.00 | (0.35) | 0.00 | 1.22 | 5.12 |
Invesco Advantage 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 |