Invesco Dynamic Correlations
| PBJ Etf | USD 48.32 0.32 0.67% |
The current 90-days correlation between Invesco Dynamic Food and Invesco is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco Dynamic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Dynamic Food moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Invesco Dynamic Correlation With Market
Poor diversification
The correlation between Invesco Dynamic Food and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Dynamic Food and DJI in the same portfolio, assuming nothing else is changed.
Invesco |
Moving together with Invesco Etf
| 0.69 | FXG | First Trust Consumer | PairCorr |
| 0.66 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Invesco Dynamic Constituents Risk-Adjusted Indicators
There is a big difference between Invesco Etf performing well and Invesco Dynamic 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 Dynamic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PBS | 1.08 | 0.06 | (0.06) | (0.10) | 1.41 | 2.00 | 6.30 | |||
| PEJ | 0.75 | 0.11 | 0.15 | 0.22 | 0.55 | 1.68 | 5.98 | |||
| PXQ | 0.81 | 0.12 | (0.01) | (1.84) | 1.02 | 1.69 | 4.27 | |||
| PKB | 1.03 | 0.10 | 0.10 | 0.20 | 1.17 | 2.90 | 7.65 | |||
| PUI | 0.72 | 0.14 | 0.07 | 0.47 | 0.60 | 1.82 | 4.12 |