Invesco SP Correlations
PSCM Etf | USD 76.57 0.78 1.03% |
The current 90-days correlation between Invesco SP SmallCap and Invesco SP SmallCap is 0.77 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco SP SmallCap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Invesco SP Correlation With Market
Good diversification
The correlation between Invesco SP SmallCap and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco SP SmallCap and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Invesco Etf
0.91 | XLB | Materials Select Sector | PairCorr |
0.92 | VAW | Vanguard Materials Index | PairCorr |
0.96 | XME | SPDR SP Metals | PairCorr |
0.84 | PHO | Invesco Water Resources | PairCorr |
0.79 | MOO | VanEck Agribusiness ETF | PairCorr |
0.95 | FXZ | First Trust Materials | PairCorr |
0.83 | FIW | First Trust Water | PairCorr |
0.87 | URNM | Sprott Uranium Miners | PairCorr |
0.97 | IYM | iShares Basic Materials | PairCorr |
0.9 | GBTC | Grayscale Bitcoin Trust | PairCorr |
0.94 | USD | ProShares Ultra Semi | PairCorr |
0.93 | TECL | Direxion Daily Technology | PairCorr |
0.93 | ROM | ProShares Ultra Tech | PairCorr |
0.91 | QLD | ProShares Ultra QQQ | PairCorr |
0.93 | SMH | VanEck Semiconductor ETF Sell-off Trend | PairCorr |
0.91 | SOXX | iShares Semiconductor ETF Sell-off Trend | PairCorr |
0.92 | SPXL | Direxion Daily SP500 | PairCorr |
0.92 | UPRO | ProShares UltraPro SP500 | PairCorr |
0.78 | KWEB | KraneShares CSI China | PairCorr |
0.91 | KEMQ | KraneShares Emerging | PairCorr |
0.81 | AXP | American Express | PairCorr |
0.9 | BA | Boeing Earnings Call This Week | PairCorr |
0.92 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
0.86 | CSCO | Cisco Systems | PairCorr |
0.61 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
0.96 | CAT | Caterpillar | PairCorr |
0.84 | PFE | Pfizer Inc Aggressive Push | PairCorr |
0.89 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
0.8 | DIS | Walt Disney | PairCorr |
0.84 | GE | GE Aerospace | PairCorr |
Moving against Invesco Etf
0.7 | EV | NEOS Investment Mana | PairCorr |
0.66 | MCD | McDonalds | PairCorr |
0.31 | TRV | The Travelers Companies | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Invesco SP Constituents Risk-Adjusted Indicators
There is a big difference between Invesco Etf performing well and Invesco SP 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 SP'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PSCI | 1.04 | 0.42 | 0.11 | (1.15) | 0.68 | 2.93 | 6.87 | |||
PSCF | 0.94 | 0.26 | 0.00 | (1.58) | 0.92 | 2.41 | 6.24 | |||
PSCC | 0.93 | 0.16 | (0.12) | (0.46) | 0.98 | 1.91 | 5.06 | |||
PSCU | 0.73 | (0.08) | (0.12) | 0.13 | 0.91 | 1.55 | 4.16 | |||
PSCD | 1.15 | 0.40 | 0.09 | (2.00) | 1.03 | 3.29 | 8.72 |