Invesco Technology Correlations
ITYAX Fund | USD 65.64 1.17 1.75% |
The current 90-days correlation between Invesco Technology and Lord Abbett Health is 0.52 (i.e., Very weak 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.
Invesco |
Moving together with Invesco Mutual Fund
0.67 | VVPR | VivoPower International | PairCorr |
0.89 | FARO | FARO Technologies | PairCorr |
0.94 | DBD | Diebold Nixdorf, | PairCorr |
0.8 | GENVR | Gen Digital Contingent | PairCorr |
0.74 | BULLW | Webull Warrants Trending | PairCorr |
0.64 | MIND | Mind Technology | PairCorr |
0.9 | HPE-PC | Hewlett Packard Ente | PairCorr |
0.78 | AVPTW | AvePoint | PairCorr |
0.64 | DAICW | CID HoldCo, Warrants | PairCorr |
0.9 | CORZZ | Core Scientific, Tranche | PairCorr |
0.68 | RZLVW | Rezolve AI Limited | PairCorr |
0.86 | SATX | SatixFy Communications | PairCorr |
Moving against Invesco Mutual Fund
0.86 | VSTE | Vast Renewables | PairCorr |
0.77 | VISL | Vislink Technologies Tech Boost | PairCorr |
0.64 | APCXW | AppTech Payments Corp | PairCorr |
0.58 | EXOD | Exodus Movement, | PairCorr |
0.43 | DVLT | Datavault AI Symbol Change | PairCorr |
0.31 | BULLZ | Webull Incentive | PairCorr |
0.9 | SMTK | SmartKem, Common Stock | PairCorr |
0.84 | NOVA | Sunnova Energy Inter | PairCorr |
0.83 | HPAIW | Helport AI Limited | PairCorr |
0.72 | APCX | Apptech Corp | PairCorr |
0.51 | ODYS | Odysightai Common Stock | PairCorr |
0.42 | AXIL | AXIL Brands, Trending | PairCorr |
0.36 | VMICX | Invesco Municipal Income | PairCorr |
0.33 | SLNHP | Soluna Holdings Preferred | PairCorr |
Related Correlations Analysis
0.76 | 0.78 | 0.8 | 0.76 | 0.83 | LHCCX | ||
0.76 | 0.54 | 0.98 | 0.98 | 0.94 | SWHFX | ||
0.78 | 0.54 | 0.56 | 0.59 | 0.7 | AHSCX | ||
0.8 | 0.98 | 0.56 | 0.98 | 0.93 | LYFAX | ||
0.76 | 0.98 | 0.59 | 0.98 | 0.94 | SCHLX | ||
0.83 | 0.94 | 0.7 | 0.93 | 0.94 | VGHCX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LHCCX | 0.82 | 0.09 | (0.13) | (0.33) | 1.06 | 1.74 | 4.63 | |||
SWHFX | 0.87 | 0.05 | (0.16) | (0.02) | 1.25 | 1.67 | 4.64 | |||
AHSCX | 0.69 | 0.04 | (0.20) | (0.12) | 0.87 | 1.26 | 3.71 | |||
LYFAX | 0.82 | 0.04 | (0.17) | 0.03 | 1.18 | 1.61 | 4.77 | |||
SCHLX | 0.88 | 0.04 | (0.15) | 0.03 | 1.29 | 1.76 | 5.11 | |||
VGHCX | 0.94 | 0.05 | (0.15) | (0.04) | 1.28 | 1.73 | 5.23 |