Invesco California Correlations

VCV Stock

USD 10.27 0.03 0.29%

The current 90-days correlation between Invesco California Value and Pimco California Municipal is 0.55 (i.e., Very weak diversification). The correlation of Invesco California 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 California Correlation With Market

Good diversification

The correlation between Invesco California Value and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco California Value and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Invesco California 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 main economic indicators.

Moving together with Invesco Stock

0.65

GROW

US Global Investors

Pair Corr

Moving against Invesco Stock

0.82	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.81	IPXXU	Inflection Point Acq	Pair Corr
0.8	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.77	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.76	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.76	FRHC	Freedom Holding Corp	Pair Corr
0.7	WAVS	Western Acquisition	Pair Corr
0.7	EVR	Evercore Partners	Pair Corr
0.66	AC	Associated Capital	Pair Corr
0.63	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.61	TW	Tradeweb Markets Normal Trading	Pair Corr
0.51	MC	Moelis Potential Growth	Pair Corr
0.39	VIRT	Virtu Financial Normal Trading	Pair Corr
0.35	FDUS	Fidus Investment Corp	Pair Corr
0.83	SEIC	SEI Investments	Pair Corr
0.8	AB	AllianceBernstein	Pair Corr
0.78	C	Citigroup Aggressive Push	Pair Corr
0.75	STEP	Stepstone Group	Pair Corr
0.74	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.68	RMCO	Royalty Management	Pair Corr
0.64	SVII	Spring Valley Acquisition	Pair Corr
0.61	AX	Axos Financial	Pair Corr
0.55	LRFC	Logan Ridge Finance	Pair Corr
0.49	V	Visa Class A	Pair Corr
0.48	L	Loews Corp	Pair Corr
0.47	PNNT	PennantPark Investment	Pair Corr
0.43	ALTI	Alvarium Tiedemann	Pair Corr
0.41	DHIL	Diamond Hill Investment	Pair Corr
0.32	ALCY	Alchemy Investments	Pair Corr
0.88	LC	LendingClub Corp	Pair Corr
0.79	CG	Carlyle Group	Pair Corr
0.7	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.7	BX	Blackstone Group Normal Trading	Pair Corr

Related Correlations Analysis

	PZC	VPV	NAC	VKI	MUC
PZC		0.74	0.85	0.51	0.92	PZC
VPV	0.74		0.58	0.64	0.74	VPV
NAC	0.85	0.58		0.55	0.9	NAC
VKI	0.51	0.64	0.55		0.64	VKI
MUC	0.92	0.74	0.9	0.64		MUC
	PZC	VPV	NAC	VKI	MUC

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Risk-Adjusted Indicators

There is a big difference between Invesco Stock performing well and Invesco California 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 California'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
PZC	0.47	(0.02)	0.00	0.25	0.00	0.00	0.69	(1.11)	3.28
VPV	0.31	0.02	(0.13)	0.35	0.32	(0.36)	0.64	(0.54)	1.91
NAC	0.39	(0.02)	0.00	0.46	0.00	0.00	0.77	(0.78)	2.45
VKI	0.38	0.02	(0.15)	(0.11)	0.41	(0.44)	0.79	(0.66)	2.47
MUC	0.33	(0.03)	0.00	1.62	0.00	0.00	0.72	(0.73)	2.04

Invesco California Corporate Management

Andrew Schlossberg	Senior Vice President	Profile
Anthony LaCava	Independent Trustee	Profile
Teresa Ressel	Independent Trustee	Profile
Tim OReilly	Portfolio Manager	Profile
Robert Troccoli	Independent Trustee	Profile

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