Invesco MSCI Correlations

MXFS Etf

USD 76.89 0.50 0.65%

The current 90-days correlation between Invesco MSCI Emerging and Invesco Energy SP is 0.07 (i.e., Significant diversification). The correlation of Invesco MSCI 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 MSCI Correlation With Market

Poor diversification

The correlation between Invesco MSCI Emerging and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco MSCI Emerging and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Invesco MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Invesco MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Invesco MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Invesco MSCI Emerging to buy it.

Moving together with Invesco Etf

0.97	IEEM	iShares MSCI EM	Pair Corr
0.84	VFEM	Vanguard FTSE Emerging	Pair Corr
0.94	EMMUSA	UBSFund Solutions MSCI	Pair Corr
0.98	EMMUKD	UBSFund Solutions MSCI	Pair Corr
0.94	XMME	Xtrackers MSCI Emerging	Pair Corr
0.99	LYLEM	Lyxor MSCI Emerging	Pair Corr
0.97	SEMA	iShares MSCI EM	Pair Corr
0.97	IEDY	iShares V PLC	Pair Corr
0.97	AUEM	Amundi Index Solutions	Pair Corr
0.8	GDXJ	VanEck Junior Gold	Pair Corr
0.83	AUCO	LG Gold Mining	Pair Corr
0.86	ESGO	AuAg Gold Mining	Pair Corr
0.99	HKOR	HSBC MSCI KOREA	Pair Corr
0.73	ZSILUS	ZKB Silver ETF	Pair Corr
0.83	GDX	VanEck Gold Miners	Pair Corr
0.81	GGMUSY	UBS ETF plc	Pair Corr
0.84	IAUP	iShares Gold Producers	Pair Corr
0.73	SVUSA	UBS ETF Silver	Pair Corr
0.85	VJPN	Vanguard FTSE Japan	Pair Corr
0.86	JPNC	Lyxor Japan UCITS	Pair Corr
0.68	RBOT	iShares Automation	Pair Corr
0.86	SCITY	Amundi Index Solutions	Pair Corr
0.92	PSRW	Invesco FTSE RAFI	Pair Corr
0.87	SMHV	VanEck Semiconductor	Pair Corr
0.66	CBSEUS	UBSFund Solutions	Pair Corr
0.91	SJPA	iShares Core MSCI	Pair Corr
0.85	STWX	SPDR MSCI Europe	Pair Corr
0.85	VUKE	Vanguard FTSE 100	Pair Corr
0.7	ZSIL	ZKB Silver ETF	Pair Corr
0.89	IJPN	iShares MSCI Japan	Pair Corr
0.81	SMCX	SPDR MSCI Europe	Pair Corr
0.94	SXLI	SPDR SP Industrials	Pair Corr
0.86	LCEU	BNP Paribas Easy	Pair Corr
0.94	WOPA	UBS ETF plc	Pair Corr

Moving against Invesco Etf

0.76

XRPL

CoinShares Physical XRP

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.32	-0.37	0.39	0.13	-0.44	-0.06	0.36	0.39	0.36	META
MSFT	-0.32		0.82	-0.58	-0.74	0.74	0.86	0.07	-0.87	-0.92	MSFT
UBER	-0.37	0.82		-0.53	-0.61	0.81	0.63	-0.09	-0.8	-0.79	UBER
F	0.39	-0.58	-0.53		0.19	-0.48	-0.33	0.27	0.74	0.64	F
T	0.13	-0.74	-0.61	0.19		-0.51	-0.8	-0.16	0.54	0.65	T
A	-0.44	0.74	0.81	-0.48	-0.51		0.56	-0.02	-0.67	-0.8	A
CRM	-0.06	0.86	0.63	-0.33	-0.8	0.56		0.43	-0.66	-0.84	CRM
JPM	0.36	0.07	-0.09	0.27	-0.16	-0.02	0.43		0.21	-0.1	JPM
MRK	0.39	-0.87	-0.8	0.74	0.54	-0.67	-0.66	0.21		0.87	MRK
XOM	0.36	-0.92	-0.79	0.64	0.65	-0.8	-0.84	-0.1	0.87		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.87	MRK
CRM	+ 0.86	MSFT
UBER	+ 0.82	MSFT
A	+ 0.81	UBER
A	+ 0.74	MSFT
MRK	+ 0.74	F

High negative correlations

XOM	- 0.92	MSFT
MRK	- 0.87	MSFT
XOM	- 0.84	CRM
XOM	- 0.8	A
CRM	- 0.8	T
MRK	- 0.8	UBER

Invesco MSCI Competition Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco MSCI 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 MSCI'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
META	1.48	0.06	0.03	0.13	1.43	(1.79)	3.43	(2.60)	13.69
MSFT	1.31	(0.36)	0.00	(1.07)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.54	(0.36)	0.00	(0.71)	0.00	0.00	2.46	(3.82)	11.09
F	1.20	0.03	0.02	0.09	1.21	(1.45)	3.34	(2.30)	7.16
T	1.01	0.14	0.08	28.20	0.94	(1.19)	3.87	(1.76)	7.44
A	1.23	(0.29)	0.00	(0.18)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.70	(0.43)	0.00	(0.39)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.21	(0.08)	(0.03)	0.00	1.66	(1.30)	2.34	(2.63)	7.38
MRK	1.28	0.39	0.28	0.63	0.97	(1.54)	2.93	(1.98)	8.74
XOM	1.27	0.37	0.23	1.41	1.06	(1.46)	2.90	(2.12)	6.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in Invesco MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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