Invesco Technology Correlations

ITYAX Fund

USD 66.16 0.52 0.79%

The current 90-days correlation between Invesco Technology and Schwab Small Cap Index is -0.19 (i.e., Good diversification). The correlation of Invesco Technology 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 Technology Correlation With Market

Good diversification

The correlation between Invesco Technology Fund and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Technology Fund 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 Technology Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Invesco Mutual Fund

0.73	YB	Yuanbao American Dep Tech Boost	Pair Corr
0.65	DBD	Diebold Nixdorf,	Pair Corr
0.75	GENVR	Gen Digital Contingent	Pair Corr
0.63	APCXW	AppTech Payments Corp	Pair Corr
0.64	JNPR	Juniper Networks Earnings Call This Week	Pair Corr
0.73	DAICW	CID HoldCo, Warrants	Pair Corr
0.8	CORZZ	Core Scientific, Tranche	Pair Corr

Moving against Invesco Mutual Fund

0.66	VSTE	Vast Renewables	Pair Corr
0.62	VISL	Vislink Technologies Tech Boost	Pair Corr
0.54	DVLT	Datavault AI Symbol Change	Pair Corr
0.46	BULLZ	Webull Incentive	Pair Corr
0.43	EXOD	Exodus Movement,	Pair Corr
0.36	VBIX	Viewbix Common Stock	Pair Corr
0.89	SMTK	SmartKem, Common Stock	Pair Corr
0.68	VMICX	Invesco Municipal Income	Pair Corr
0.56	APCX	Apptech Corp	Pair Corr
0.55	ODYS	Odysightai Common Stock	Pair Corr
0.52	HPAIW	Helport AI Limited	Pair Corr
0.47	NOVA	Sunnova Energy Inter	Pair Corr
0.32	AXIL	AXIL Brands, Trending	Pair Corr
0.59	VMINX	Invesco Municipal Income	Pair Corr
0.59	VMIIX	Invesco Municipal Income	Pair Corr

Related Correlations Analysis

	SWSSX	PGBAX	XACVX	FWOKX	HIIDX	QDARX
SWSSX		0.95	0.97	0.91	0.96	0.94	SWSSX
PGBAX	0.95		0.96	0.92	0.94	0.94	PGBAX
XACVX	0.97	0.96		0.95	0.97	0.96	XACVX
FWOKX	0.91	0.92	0.95		0.97	0.92	FWOKX
HIIDX	0.96	0.94	0.97	0.97		0.95	HIIDX
QDARX	0.94	0.94	0.96	0.92	0.95		QDARX
	SWSSX	PGBAX	XACVX	FWOKX	HIIDX	QDARX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Technology Mutual Fund 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 Technology'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
SWSSX	0.93	0.02	0.07	0.25	0.77	(1.10)	2.30	(1.54)	6.24
PGBAX	0.14	0.04	(0.92)	(7.08)	0.00	(0.17)	0.34	(0.25)	0.77
XACVX	0.59	0.29	0.04	(2.75)	0.33	(0.68)	1.55	(1.08)	3.71
FWOKX	0.55	0.23	(0.03)	(2.59)	0.32	(0.63)	1.42	(1.03)	3.40
HIIDX	0.49	0.10	0.00	0.42	0.18	(0.60)	1.29	(0.87)	3.13
QDARX	0.07	0.03	(1.74)	8.16	0.00	(0.11)	0.16	(0.08)	0.56

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC