Invesco CEF Correlations

PCEF Etf

USD 19.85 0.03 0.15%

The current 90-days correlation between Invesco CEF Income and SPDR SSGA Sector is 0.8 (i.e., Very poor diversification). The correlation of Invesco CEF 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 CEF Correlation With Market

Poor diversification

The correlation between Invesco CEF Income and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco CEF Income 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 CEF Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in world development indicators.

Moving together with Invesco Etf

0.87	AOR	iShares Core Growth	Pair Corr
0.81	RLY	SPDR SSgA Multi	Pair Corr
0.89	GAL	SPDR SSgA Global	Pair Corr
0.77	RAAX	VanEck Inflation All	Pair Corr
0.9	GAA	Cambria Global Asset	Pair Corr
0.83	ALTY	Global X Alternative	Pair Corr
0.86	EAOR	iShares ESG Aware	Pair Corr
0.7	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.61	ITWO	Proshares Russell 2000 Upward Rally	Pair Corr
0.78	SURE	Sonora Resources Corp	Pair Corr
0.88	JUNW	AIM ETF Products	Pair Corr
0.81	FTXR	First Trust Nasdaq	Pair Corr
0.79	HTRB	Hartford Total Return	Pair Corr
0.8	MMIN	IQ MacKay Municipal	Pair Corr
0.66	IFRA	iShares Infrastructure	Pair Corr
0.87	XFEB	FT Vest Equity	Pair Corr
0.84	HNDL	Strategy Shares Nasdaq	Pair Corr
0.85	FDIS	Fidelity MSCI Consumer	Pair Corr
0.78	IEFA	iShares Core MSCI	Pair Corr
0.78	OIH	VanEck Oil Services	Pair Corr
0.73	IBTO	iShares iBonds Dec	Pair Corr
0.89	PRF	Invesco FTSE RAFI	Pair Corr
0.87	SPXL	Direxion Daily SP500	Pair Corr
0.91	SEIX	Virtus ETF Trust	Pair Corr
0.87	BUFD	FT Cboe Vest	Pair Corr
0.84	WTMY	WisdomTree High Income	Pair Corr
0.8	AVXC	Avantis Emerging Markets	Pair Corr
0.78	GTOC	GTOC	Pair Corr
0.76	EFAX	SPDR MSCI EAFE	Pair Corr
0.87	VRVIX	Vanguard Russell 1000	Pair Corr
0.89	VB	Vanguard Small Cap	Pair Corr
0.78	GSJY	Goldman Sachs ActiveBeta	Pair Corr
0.81	DTEC	ALPS Disruptive Tech	Pair Corr
0.86	HFND	Unlimited HFND Multi	Pair Corr
0.84	LEMB	iShares JP Morgan	Pair Corr

Moving against Invesco Etf

0.9

VIXY

ProShares VIX Short

Pair Corr

Related Correlations Analysis

	XLSR	OUSA	PSI	BUYW	DUSA	PNQI	FLGB	HF	PAPR	PFEB
XLSR		0.75	0.98	0.94	0.74	0.83	0.88	0.93	0.99	0.99	XLSR
OUSA	0.75		0.65	0.7	0.89	0.82	0.78	0.68	0.79	0.79	OUSA
PSI	0.98	0.65		0.93	0.66	0.77	0.84	0.95	0.97	0.97	PSI
BUYW	0.94	0.7	0.93		0.67	0.72	0.87	0.92	0.94	0.93	BUYW
DUSA	0.74	0.89	0.66	0.67		0.84	0.67	0.61	0.77	0.77	DUSA
PNQI	0.83	0.82	0.77	0.72	0.84		0.66	0.71	0.85	0.86	PNQI
FLGB	0.88	0.78	0.84	0.87	0.67	0.66		0.85	0.87	0.87	FLGB
HF	0.93	0.68	0.95	0.92	0.61	0.71	0.85		0.94	0.94	HF
PAPR	0.99	0.79	0.97	0.94	0.77	0.85	0.87	0.94		0.99	PAPR
PFEB	0.99	0.79	0.97	0.93	0.77	0.86	0.87	0.94	0.99		PFEB
	XLSR	OUSA	PSI	BUYW	DUSA	PNQI	FLGB	HF	PAPR	PFEB

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Invesco CEF Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco CEF 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 CEF'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
XLSR	0.52	0.05	0.06	0.15	0.49	(0.65)	1.34	(0.79)	4.29
OUSA	0.39	(0.02)	(0.10)	0.07	0.37	(0.44)	0.93	(0.71)	2.36
PSI	1.56	0.22	0.14	0.20	1.82	(1.68)	3.66	(2.81)	10.95
BUYW	0.19	0.01	(0.32)	0.20	0.11	(0.22)	0.36	(0.35)	1.34
DUSA	0.62	(0.03)	(0.02)	0.07	0.76	(0.66)	1.41	(1.27)	5.72
PNQI	0.76	(0.03)	(0.01)	0.07	0.89	(0.79)	1.81	(1.59)	5.38
FLGB	0.48	0.02	(0.04)	0.13	0.45	(0.54)	1.09	(0.83)	2.77
HF	0.17	0.00	(0.30)	0.10	0.12	(0.19)	0.38	(0.24)	1.19
PAPR	0.12	0.01	(0.41)	0.14	0.00	(0.15)	0.31	(0.18)	0.97
PFEB	0.21	0.01	(0.15)	0.12	0.16	(0.24)	0.57	(0.35)	2.09

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