Invesco FTSE Correlations

Etfs . USA . 
Etf . Invesco FTSE RAFI
PRF Etf  USD 40.74  0.02  0.05%   
The current 90-days correlation between Invesco FTSE RAFI and Invesco FTSE RAFI is 0.95 (i.e., Almost no diversification). The correlation of Invesco FTSE 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.

Invesco FTSE Correlation With Market

Almost no diversification

The correlation between Invesco FTSE RAFI and DJI is 0.98 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco FTSE RAFI and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Invesco Etf
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco FTSE RAFI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Invesco Etf

  0.98VTV Vanguard Value IndexPairCorr
  0.99VYM Vanguard High DividendPairCorr
  1.0IWD iShares Russell 1000PairCorr
  0.99DGRO iShares Core DividendPairCorr
  0.98IVE iShares SP 500PairCorr
  0.96DVY iShares Select DividendPairCorr
  0.98SPYV SPDR Portfolio SP Sell-off TrendPairCorr
  0.95FVD First Trust ValuePairCorr
  0.98IUSV iShares Core SPPairCorr
  0.91NOBL ProShares SP 500PairCorr
  0.65OIH VanEck Oil ServicesPairCorr
  0.7ARKW ARK Next GenerationPairCorr
  0.83WTMF WisdomTree ManagedPairCorr
  0.88BST BlackRock Science TechPairCorr
  0.85IRET iREIT MarketVectorPairCorr
  0.93CSCO Cisco Systems Sell-off TrendPairCorr
  0.93MMM 3M CompanyPairCorr
  0.65PFE Pfizer Inc Aggressive PushPairCorr
  0.78HD Home DepotPairCorr
  0.93CAT CaterpillarPairCorr
  0.72AA Alcoa CorpPairCorr
  0.88HPQ HP IncPairCorr
  0.95BAC Bank of America Aggressive PushPairCorr
  0.82IBM International BusinessPairCorr
  0.81DD Dupont De NemoursPairCorr
  0.76JPM JPMorgan Chase Sell-off TrendPairCorr

Moving against Invesco Etf

  0.4HUM Humana IncPairCorr

Related Correlations Analysis

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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   
PWV
+ 0.97
PRFZ
PWB
+ 0.85
PXF
PWB
+ 0.81
PRFZ
PWB
+ 0.8
PWV
PWV
+ 0.72
PXF
PXF
+ 0.67
PRFZ
  
High negative correlations   
PWC
- 0.0
PWB
PWC
- 0.0
PWV
PWC
- 0.0
PXF
PWC
- 0.0
PRFZ

Invesco FTSE Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco FTSE 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 FTSE'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.

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