Invesco Pennsylvania Correlations

VPV Stock

USD 9.90 0.06 0.60%

The current 90-days correlation between Invesco Pennsylvania and Invesco Trust For is 0.51 (i.e., Very weak diversification). The correlation of Invesco Pennsylvania 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 Pennsylvania Correlation With Market

Very weak diversification

The correlation between Invesco Pennsylvania Value and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Pennsylvania Value 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 Pennsylvania Value. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Invesco Stock

0.71	GS	Goldman Sachs Group	Pair Corr
0.67	AXP	American Express	Pair Corr
0.64	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.68	SCM	Stellus Capital Inve	Pair Corr
0.64	GLAD	Gladstone Capital	Pair Corr
0.63	HTGC	Hercules Capital	Pair Corr
0.68	MAIN	Main Street Capital	Pair Corr
0.74	ALLY	Ally Financial	Pair Corr
0.75	CSWC	Capital Southwest	Pair Corr
0.68	C	Citigroup Aggressive Push	Pair Corr
0.73	L	Loews Corp	Pair Corr
0.73	DHIL	Diamond Hill Investment	Pair Corr
0.71	AX	Axos Financial	Pair Corr
0.64	BN	Brookfield Corp	Pair Corr
0.74	BX	Blackstone Group Normal Trading	Pair Corr
0.72	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.63	CM	Canadian Imperial Bank	Pair Corr

Moving against Invesco Stock

0.42	EG	Everest Group	Pair Corr
0.38	FG	FG Annuities Life	Pair Corr
0.35	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	VTN	VCV	GNT	NQP	VKI	VGM	VMO
VTN		0.59	0.33	0.59	0.79	0.79	0.59	VTN
VCV	0.59		0.12	0.66	0.75	0.69	0.66	VCV
GNT	0.33	0.12		0.0	-0.04	0.2	-0.33	GNT
NQP	0.59	0.66	0.0		0.8	0.58	0.75	NQP
VKI	0.79	0.75	-0.04	0.8		0.76	0.89	VKI
VGM	0.79	0.69	0.2	0.58	0.76		0.62	VGM
VMO	0.59	0.66	-0.33	0.75	0.89	0.62		VMO
	VTN	VCV	GNT	NQP	VKI	VGM	VMO

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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

VMO	+ 0.89	VKI
VKI	+ 0.8	NQP
VKI	+ 0.79	VTN
VGM	+ 0.79	VTN
VGM	+ 0.76	VKI
VKI	+ 0.75	VCV

High negative correlations

VMO	- 0.33	GNT
VKI	- 0.04	GNT
NQP	- 0.0	GNT

Risk-Adjusted Indicators

There is a big difference between Invesco Stock performing well and Invesco Pennsylvania 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 Pennsylvania'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
VTN	0.45	0.05	(0.07)	0.33	0.47	(0.49)	0.81	(0.97)	2.54
VCV	0.61	0.04	(0.06)	0.24	0.75	(0.72)	1.82	(1.45)	4.72
GNT	0.81	0.14	0.00	(0.99)	0.87	(0.95)	1.73	(1.66)	5.60
NQP	0.36	(0.01)	(0.23)	0.05	0.45	(0.38)	0.72	(0.73)	1.85
VKI	0.50	0.02	(0.14)	0.23	0.49	(0.57)	1.12	(0.85)	2.56
VGM	0.37	0.00	(0.19)	0.13	0.40	(0.45)	0.86	(0.74)	2.14
VMO	0.42	(0.03)	(0.25)	(0.03)	0.49	(0.49)	0.78	(0.87)	2.31

Invesco Pennsylvania Corporate Management

Andrew Schlossberg	Senior Vice President	Profile
Anthony LaCava	Independent Trustee	Profile
Todd Kuehl	Senior Vice President Chief Compliance Officer	Profile
Teresa Ressel	Independent Trustee	Profile
Tim OReilly	Portfolio Manager	Profile
Robert Troccoli	Independent Trustee	Profile

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