Invesco SP Correlations
RWJ Etf | USD 49.46 1.17 2.42% |
The current 90-days correlation between Invesco SP SmallCap and Invesco SP MidCap is 0.95 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco SP SmallCap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Invesco SP Correlation With Market
Very poor diversification
The correlation between Invesco SP SmallCap and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco SP SmallCap and DJI in the same portfolio, assuming nothing else is changed.
Invesco |
Moving together with Invesco Etf
0.98 | VBR | Vanguard Small Cap | PairCorr |
0.97 | IWN | iShares Russell 2000 | PairCorr |
0.97 | DFAT | Dimensional Targeted | PairCorr |
0.97 | IJS | iShares SP Small | PairCorr |
0.97 | SLYV | SPDR SP 600 | PairCorr |
0.97 | AVUV | Avantis Small Cap | PairCorr |
0.97 | DES | WisdomTree SmallCap | PairCorr |
0.93 | CALF | Pacer Small Cap Low Volatility | PairCorr |
0.96 | VIOV | Vanguard SP Small | PairCorr |
0.97 | VRTVX | Vanguard Scottsdale Funds | PairCorr |
0.91 | UPRO | ProShares UltraPro SP500 | PairCorr |
0.84 | QTJA | Innovator ETFs Trust | PairCorr |
0.81 | QTOC | Innovator ETFs Trust | PairCorr |
0.84 | XTOC | Innovator ETFs Trust | PairCorr |
0.87 | QTAP | Innovator Growth 100 | PairCorr |
0.72 | TSJA | TSJA | PairCorr |
0.84 | XTJA | Innovator ETFs Trust | PairCorr |
0.71 | DSJA | DSJA | PairCorr |
0.84 | XDJA | Innovator ETFs Trust | PairCorr |
0.89 | XTAP | Innovator Equity Acc | PairCorr |
0.86 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
0.75 | WMT | Walmart Aggressive Push | PairCorr |
0.76 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
0.75 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
0.69 | HD | Home Depot | PairCorr |
0.63 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.81 | BAC | Bank of America Aggressive Push | PairCorr |
0.77 | DIS | Walt Disney Aggressive Push | PairCorr |
0.66 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.83 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against Invesco Etf
0.74 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
0.65 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
0.65 | KO | Coca Cola Aggressive Push | PairCorr |
Related Correlations Analysis
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Invesco SP Constituents Risk-Adjusted Indicators
There is a big difference between Invesco Etf performing well and Invesco SP 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 SP'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
RWK | 0.78 | (0.02) | 0.02 | 0.10 | 0.70 | 1.81 | 5.87 | |||
RWL | 0.53 | 0.01 | (0.02) | 0.13 | 0.36 | 0.98 | 4.01 | |||
EES | 1.00 | (0.02) | 0.05 | 0.11 | 0.86 | 2.27 | 8.99 | |||
XSVM | 1.06 | (0.08) | 0.00 | 0.07 | 0.97 | 2.07 | 9.73 | |||
PRFZ | 0.86 | (0.02) | 0.03 | 0.10 | 0.86 | 1.99 | 6.68 |