Invesco SP Correlations

PSCC Etf

USD 40.27 0.08 0.20%

The current 90-days correlation between Invesco SP SmallCap and Invesco SP SmallCap is 0.65 (i.e., Poor diversification). The correlation of Invesco SP 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 SP Correlation With Market

Poor diversification

The correlation between Invesco SP SmallCap and DJI is 0.62 (i.e., Poor 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco SP SmallCap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Invesco Etf

0.73	FXG	First Trust Consumer	Pair Corr
0.67	PBJ	Invesco Dynamic Food	Pair Corr
0.86	PSL	Invesco DWA Consumer	Pair Corr
0.66	FNGU	MicroSectors FANG Index	Pair Corr
0.65	FNGO	MicroSectors FANG Index	Pair Corr
0.75	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.64	FNGS	MicroSectors FANG ETN	Pair Corr
0.65	QLD	ProShares Ultra QQQ	Pair Corr
0.76	DIS	Walt Disney Aggressive Push	Pair Corr
0.75	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.66	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.75	HPQ	HP Inc	Pair Corr
0.77	BAC	Bank of America Aggressive Push	Pair Corr
0.63	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Invesco Etf

0.47	KXI	iShares Global Consumer	Pair Corr
0.45	RHS	Invesco SP 500	Pair Corr
0.44	FTXG	First Trust Nasdaq	Pair Corr
0.65	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.59	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	PSCU	PSCI	PSCD	PSCM	PSCF
PSCU		0.97	0.85	0.88	0.96	PSCU
PSCI	0.97		0.85	0.94	0.97	PSCI
PSCD	0.85	0.85		0.91	0.84	PSCD
PSCM	0.88	0.94	0.91		0.89	PSCM
PSCF	0.96	0.97	0.84	0.89		PSCF
	PSCU	PSCI	PSCD	PSCM	PSCF

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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
PSCU	0.93	0.01	0.03	0.13	0.89	(1.06)	2.04	(1.76)	8.69
PSCI	1.00	0.02	0.08	0.13	0.92	(1.15)	2.28	(1.31)	8.39
PSCD	1.05	(0.03)	(0.01)	0.09	1.01	(1.22)	2.20	(1.90)	6.43
PSCM	1.12	(0.08)	0.01	0.08	1.27	(1.31)	2.36	(1.99)	10.22
PSCF	0.98	(0.01)	0.05	0.11	0.85	(1.19)	2.06	(1.68)	9.86

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