Invesco Multi Correlations
| LALT Etf | USD 22.64 0.22 0.96% |
The current 90-days correlation between Invesco Multi Strategy and Invesco International BuyBack is 0.11 (i.e., Average diversification). The correlation of Invesco Multi 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 Multi Correlation With Market
Good diversification
The correlation between Invesco Multi Strategy Alterna and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Multi Strategy Alterna and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Invesco Etf
| 0.88 | QAI | IQ Hedge Multi | PairCorr |
| 0.87 | FLSP | Franklin Liberty Sys | PairCorr |
| 0.88 | HFND | Unlimited HFND Multi | PairCorr |
| 0.89 | CPST | Calamos ETF Trust | PairCorr |
| 0.78 | WGMI | Valkyrie Bitcoin Miners | PairCorr |
| 0.8 | EBND | SPDR Bloomberg Emerging | PairCorr |
| 0.72 | CAT | Caterpillar | PairCorr |
| 0.82 | BAC | Bank of America Earnings Call This Week | PairCorr |
| 0.79 | JNJ | Johnson Johnson Earnings Call This Week | PairCorr |
| 0.72 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.81 | GE | GE Aerospace | PairCorr |
| 0.72 | INTC | Intel | PairCorr |
| 0.67 | AA | Alcoa Corp | PairCorr |
| 0.63 | WMT | Walmart | PairCorr |
| 0.82 | JPM | JPMorgan Chase Earnings Call This Week | PairCorr |
| 0.81 | TRV | The Travelers Companies Earnings Call This Week | PairCorr |
Moving against Invesco Etf
Related Correlations Analysis
| 0.83 | 0.89 | -0.45 | 0.93 | IPKW | ||
| 0.83 | 0.91 | -0.47 | 0.89 | DGRE | ||
| 0.89 | 0.91 | -0.57 | 0.94 | AGZD | ||
| -0.45 | -0.47 | -0.57 | -0.58 | EMCG | ||
| 0.93 | 0.89 | 0.94 | -0.58 | HYZD | ||
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
| High negative correlations
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Invesco Multi Constituents Risk-Adjusted Indicators
There is a big difference between Invesco Etf performing well and Invesco Multi 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 Multi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IPKW | 0.50 | 0.04 | 0.05 | 0.11 | 0.45 | 1.18 | 3.05 | |||
| DGRE | 0.52 | 0.06 | 0.04 | 0.18 | 0.50 | 1.14 | 2.67 | |||
| AGZD | 0.09 | 0.02 | (0.25) | (0.86) | 0.00 | 0.23 | 0.67 | |||
| EMCG | 0.95 | (0.13) | 0.00 | (0.08) | 0.00 | 1.82 | 23.25 | |||
| HYZD | 0.11 | 0.01 | (0.22) | 0.20 | 0.00 | 0.23 | 0.89 |