Invesco Value Correlations

IIM Stock

USD 12.28 0.04 0.32%

The current 90-days correlation between Invesco Value Municipal and ScanSource is -0.18 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco Value moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Value Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Invesco Value Correlation With Market

Average diversification

The correlation between Invesco Value Municipal and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Value Municipal and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Invesco Value Municipal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Invesco Stock

0.67	RM	Regional Management Corp	Pair Corr
0.78	WU	Western Union	Pair Corr
0.61	ORGN	Origin Materials	Pair Corr
0.64	EG	Everest Group	Pair Corr

Moving against Invesco Stock

0.79	LC	LendingClub Corp	Pair Corr
0.68	EZPW	EZCORP Inc Fiscal Year End 20th of November 2024	Pair Corr
0.56	IREN	Iris Energy	Pair Corr
0.55	QD	Qudian Inc	Pair Corr
0.43	LX	Lexinfintech Holdings Earnings Call Tomorrow	Pair Corr
0.38	V	Visa Class A	Pair Corr
0.34	MA	Mastercard Sell-off Trend	Pair Corr
0.34	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.67	SEIC	SEI Investments	Pair Corr
0.62	C	Citigroup Fiscal Year End 10th of January 2025	Pair Corr
0.61	AB	AllianceBernstein	Pair Corr
0.56	CG	Carlyle Group	Pair Corr
0.55	AX	Axos Financial	Pair Corr
0.53	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.48	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.46	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.45	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.43	L	Loews Corp	Pair Corr
0.41	AC	Associated Capital	Pair Corr
0.34	BN	Brookfield Corp	Pair Corr
0.32	PNNT	PennantPark Investment Fiscal Year End 20th of November 2024	Pair Corr
0.66	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.64	KB	KB Financial Group	Pair Corr
0.63	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.58	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	KVHI	SCSC	IPGP	JBL	ARDX	MNMD	SWKS	ARW
KVHI		0.01	0.25	0.49	-0.15	0.01	-0.46	-0.02	KVHI
SCSC	0.01		0.02	0.13	-0.2	0.41	0.15	0.04	SCSC
IPGP	0.25	0.02		0.9	-0.12	0.38	-0.62	-0.18	IPGP
JBL	0.49	0.13	0.9		-0.28	0.45	-0.75	-0.27	JBL
ARDX	-0.15	-0.2	-0.12	-0.28		-0.71	0.54	0.58	ARDX
MNMD	0.01	0.41	0.38	0.45	-0.71		-0.52	-0.63	MNMD
SWKS	-0.46	0.15	-0.62	-0.75	0.54	-0.52		0.67	SWKS
ARW	-0.02	0.04	-0.18	-0.27	0.58	-0.63	0.67		ARW
	KVHI	SCSC	IPGP	JBL	ARDX	MNMD	SWKS	ARW

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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

JBL	+ 0.9	IPGP
ARW	+ 0.67	SWKS
ARW	+ 0.58	ARDX
SWKS	+ 0.54	ARDX
JBL	+ 0.49	KVHI
MNMD	+ 0.45	JBL

High negative correlations

SWKS	- 0.75	JBL
MNMD	- 0.71	ARDX
ARW	- 0.63	MNMD
SWKS	- 0.62	IPGP
SWKS	- 0.52	MNMD
SWKS	- 0.46	KVHI

Risk-Adjusted Indicators

There is a big difference between Invesco Stock performing well and Invesco Value 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 Value'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
KVHI	1.65	0.12	0.04	0.31	1.70	(2.07)	4.21	(2.92)	10.42
SCSC	1.77	(0.16)	(0.02)	0.02	1.93	(2.00)	3.13	(2.89)	15.95
IPGP	1.70	(0.02)	0.02	0.08	1.95	(1.79)	4.46	(3.32)	11.69
JBL	1.35	0.14	0.14	0.17	1.22	(1.63)	2.80	(2.04)	15.06
ARDX	2.94	(0.37)	0.00	(0.07)	0.00	0.00	4.96	(6.13)	33.99
MNMD	3.40	(0.11)	0.03	0.06	3.80	(4.22)	9.76	(6.71)	21.59
SWKS	1.56	(0.48)	0.00	(0.25)	0.00	0.00	2.42	(4.43)	12.03
ARW	1.26	(0.31)	0.00	(0.11)	0.00	0.00	2.56	(1.98)	15.96

Invesco Value Corporate Management

Anthony LaCava	Independent Trustee	Profile
Teresa Ressel	Independent Trustee	Profile
Tim OReilly	Portfolio Manager	Profile
Robert Troccoli	Independent Trustee	Profile

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