Invesco Multi Correlations

LALT Etf

USD 21.30 0.05 0.24%

The current 90-days correlation between Invesco Multi Strategy and SPDR SSgA Global is 0.51 (i.e., Very weak 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

Weak diversification

The correlation between Invesco Multi Strategy Alterna and DJI is 0.34 (i.e., Weak 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Invesco Multi Strategy Alternative. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Invesco Etf

0.8	AOA	iShares Core Aggressive	Pair Corr
0.63	RLY	SPDR SSgA Multi	Pair Corr
0.73	GAL	SPDR SSgA Global	Pair Corr
0.74	PPI	Investment Managers	Pair Corr
0.84	FCEF	First Trust Income	Pair Corr
0.9	VTI	Vanguard Total Stock	Pair Corr
0.77	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.87	VBK	Vanguard Small Cap	Pair Corr
0.85	JPST	JPMorgan Ultra Short	Pair Corr
0.86	EOS	Eaton Vance Enhanced	Pair Corr
0.75	ETH	Grayscale Ethereum Mini	Pair Corr
0.79	DIS	Walt Disney Sell-off Trend	Pair Corr
0.81	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.88	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.81	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.81	WMT	Walmart Aggressive Push	Pair Corr
0.88	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.76	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.77	BAC	Bank of America Aggressive Push	Pair Corr
0.72	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Invesco Etf

0.85	FNGD	MicroSectors FANG Index	Pair Corr
0.57	NTSI	WisdomTree International	Pair Corr
0.47	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.63	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.62	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	GAL	INKM	RAAX	QEFA	QEMM
GAL		0.54	0.8	-0.06	0.65	GAL
INKM	0.54		0.16	0.33	0.34	INKM
RAAX	0.8	0.16		-0.54	0.33	RAAX
QEFA	-0.06	0.33	-0.54		0.52	QEFA
QEMM	0.65	0.34	0.33	0.52		QEMM
	GAL	INKM	RAAX	QEFA	QEMM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

RAAX	+ 0.8	GAL
QEMM	+ 0.65	GAL
INKM	+ 0.54	GAL
QEMM	+ 0.52	QEFA
QEMM	+ 0.34	INKM
QEFA	+ 0.33	INKM

High negative correlations

QEFA	- 0.54	RAAX
QEFA	- 0.06	GAL

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
GAL	0.37	(0.02)	(0.19)	0.08	0.42	(0.40)	0.72	(0.70)	2.28
INKM	0.25	0.00	(0.30)	0.15	0.25	(0.27)	0.52	(0.50)	1.44
RAAX	0.51	0.07	(0.03)	0.39	0.54	(0.53)	1.07	(0.97)	3.37
QEFA	0.60	(0.13)	0.00	(0.21)	0.00	0.00	1.22	(1.42)	3.61
QEMM	0.69	(0.07)	0.00	(0.08)	0.00	0.00	1.87	(1.90)	5.22

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC