Invesco DWA Competition
| PEZ Etf | USD 106.64 3.26 3.15% |
Invesco DWA vs Principal Quality Correlation
Poor diversification
The correlation between Invesco DWA Consumer and PSET is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco DWA Consumer and PSET in the same portfolio, assuming nothing else is changed.
Moving together with Invesco Etf
| 0.86 | XLY | Consumer Discretionary | PairCorr |
| 0.89 | VCR | Vanguard Consumer | PairCorr |
| 0.89 | FDIS | Fidelity MSCI Consumer Potential Growth | PairCorr |
| 0.63 | XHB | SPDR SP Homebuilders | PairCorr |
Moving against Invesco Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco DWA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Invesco DWA Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Invesco DWA and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Invesco and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Invesco DWA Consumer does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Invesco DWA Constituents Risk-Adjusted Indicators
There is a big difference between Invesco Etf performing well and Invesco DWA 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 DWA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PUI | 0.76 | (0.10) | 0.00 | (0.09) | 0.00 | 1.38 | 3.64 | |||
| FTCE | 0.63 | (0.04) | (0.05) | 0.03 | 0.91 | 1.14 | 3.64 | |||
| PYZ | 1.42 | 0.24 | 0.14 | 0.24 | 1.53 | 3.11 | 9.02 | |||
| PSFD | 0.27 | 0.00 | (0.10) | 0.09 | 0.31 | 0.81 | 2.31 | |||
| PSR | 0.56 | 0.03 | (0.02) | 0.15 | 0.71 | 1.49 | 3.43 | |||
| XUSP | 0.79 | (0.08) | (0.06) | 0.00 | 1.21 | 1.49 | 5.23 | |||
| GAMR | 1.11 | (0.36) | 0.00 | (0.32) | 0.00 | 1.64 | 7.85 | |||
| FTWO | 1.04 | 0.12 | 0.08 | 0.21 | 1.26 | 2.24 | 5.83 | |||
| HQGO | 0.70 | (0.08) | 0.00 | (0.02) | 0.00 | 1.34 | 4.24 | |||
| PSET | 0.61 | (0.10) | 0.00 | (0.04) | 0.00 | 1.27 | 3.83 |
Invesco DWA Competitive Analysis
The better you understand Invesco DWA competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Invesco DWA's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Invesco DWA's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Invesco DWA Competition Performance Charts
Five steps to successful analysis of Invesco DWA Competition
Invesco DWA's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Invesco DWA Consumer in relation to its competition. Invesco DWA's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Invesco DWA in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Invesco DWA's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Invesco DWA Consumer, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Invesco DWA Correlation with its peers. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Investors evaluate Invesco DWA Consumer using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Invesco DWA's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause Invesco DWA's market price to deviate significantly from intrinsic value.
It's important to distinguish between Invesco DWA's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Invesco DWA should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Invesco DWA's market price signifies the transaction level at which participants voluntarily complete trades.