Invesco SP Correlations

XSVM Etf

USD 51.57 1.01 1.92%

The current 90-days correlation between Invesco SP SmallCap and iShares Russell 2000 is 0.83 (i.e., Very poor 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 NYA is 0.82 (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 NYA in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Invesco SP SmallCap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Invesco Etf

0.8	VBR	Vanguard Small Cap	Pair Corr
0.77	IWN	iShares Russell 2000	Pair Corr
0.8	DFAT	Dimensional Targeted	Pair Corr
0.74	IJS	iShares SP Small	Pair Corr
0.74	SLYV	SPDR SP 600	Pair Corr
0.81	AVUV	Avantis Small Cap	Pair Corr
0.85	DES	WisdomTree SmallCap	Pair Corr
0.68	CALF	Pacer Small Cap	Pair Corr
0.74	VIOV	Vanguard SP Small	Pair Corr
0.77	VRTVX	Vanguard Scottsdale Funds	Pair Corr
0.71	CAT	Caterpillar Financial Report 6th of August 2024	Pair Corr
0.63	TRV	The Travelers Companies Financial Report 18th of July 2024	Pair Corr

Moving against Invesco Etf

0.34

MEME

Roundhill Investments

Pair Corr

Related Correlations Analysis

	IWO	IWD	IWS	IWF	IWP
IWO		0.62	0.73	0.51	0.86	IWO
IWD	0.62		0.98	0.55	0.54	IWD
IWS	0.73	0.98		0.51	0.66	IWS
IWF	0.51	0.55	0.51		0.23	IWF
IWP	0.86	0.54	0.66	0.23		IWP
	IWO	IWD	IWS	IWF	IWP

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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
IWO	1.05	(0.01)	0.00	0.02	1.17	(1.09)	1.99	(1.79)	5.48
IWD	0.54	0.01	0.01	0.04	0.68	(0.57)	1.01	(1.24)	3.27
IWS	0.68	0.00	0.01	0.03	0.88	(0.68)	1.28	(1.56)	3.56
IWF	0.84	0.16	0.16	0.19	0.74	(0.92)	1.80	(1.57)	5.03
IWP	0.73	(0.02)	(0.02)	0.01	0.88	(0.74)	1.40	(1.41)	4.19

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