Invesco Related Correlations

Generate correlation matrix for Invesco and other related equities to check the degree to which Invesco price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Invesco. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.
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The market value of Invesco is measured differently than its book value, which is the value of Invesco that is recorded on the company's balance sheet. Investors also form their own opinion of Invesco's value that differs from its market value or its book value, called intrinsic value, which is Invesco's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Invesco's market value can be influenced by many factors that don't directly affect Invesco's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Invesco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

SRRCF
EQWM
IUTBF
EWCO
EWMC
EWRE
EWRI
WMCR
SBIMF
SRRCF
0.00.00.00.00.00.00.00.0
SRRCF
EQWM
0.00.00.00.00.00.00.00.0
EQWM
IUTBF
0.00.00.330.320.380.00.00.0
IUTBF
EWCO
0.00.00.330.830.930.00.00.0
EWCO
EWMC
0.00.00.320.830.880.00.00.0
EWMC
EWRE
0.00.00.380.930.880.00.00.0
EWRE
EWRI
0.00.00.00.00.00.00.00.0
EWRI
WMCR
0.00.00.00.00.00.00.00.0
WMCR
SBIMF
0.00.00.00.00.00.00.00.0
SBIMF
SRRCF
EQWM
IUTBF
EWCO
EWMC
EWRE
EWRI
WMCR
SBIMF
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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   
EWREEWCO
EWREEWMC
EWMCEWCO
EWREIUTBF
EWCOIUTBF
EWMCIUTBF
  
High negative correlations   
SBIMFWMCR
SBIMFEWRI
WMCREWRI
SBIMFEWRE
WMCREWRE
EWRIEWRE

Invesco Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco 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'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRRCF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
EQWM  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
IUTBF  1.18 (0.13) 0.00  1.03  0.00 
 1.90 
 4.12 
EWCO  0.62 (0.08) 0.00  1.00  0.00 
 1.32 
 4.41 
EWMC  0.73 (0.04) 0.00 (0.26) 0.00 
 1.38 
 5.08 
EWRE  0.67 (0.13) 0.00 (2.34) 0.00 
 1.31 
 5.03 
EWRI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
WMCR  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SBIMF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00