Invesco Equity Correlations

ACEIX Fund

USD 11.31 0.04 0.35%

The current 90-days correlation between Invesco Equity And and American Funds Income is -0.04 (i.e., Good diversification). The correlation of Invesco Equity 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 Equity Correlation With Market

Very poor diversification

The correlation between Invesco Equity And and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Equity And and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Invesco Equity And. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Invesco Mutual Fund

0.89	AMHYX	Invesco High Yield	Pair Corr
0.89	IOGYX	Invesco Gold Special	Pair Corr
0.76	GGHYX	Invesco Global Health	Pair Corr
0.98	IOVVX	Invesco Comstock Select	Pair Corr
0.94	VADRX	Invesco Equally-weighted	Pair Corr
0.89	OGMCX	Oppenheimer Gold Special	Pair Corr
0.83	ASISX	Invesco Asia Pacific	Pair Corr
0.9	OIDAX	Oppenheimer International	Pair Corr
0.84	ISHFX	Invesco Short Duration	Pair Corr
0.93	REINX	Invesco Real Estate	Pair Corr
0.9	VVORX	Invesco Value Opport	Pair Corr
0.9	ITYYX	Invesco Technology	Pair Corr
0.91	AWSYX	Invesco Global E	Pair Corr
0.96	CNSIX	Invesco Vertible Sec	Pair Corr
0.61	IEFCX	Invesco Energy	Pair Corr
0.98	IEIFX	Invesco Equity And	Pair Corr
0.68	OOSAX	Oppenheimer Senior	Pair Corr
0.98	LCEYX	Invesco Diversified	Pair Corr
0.63	OPGIX	Oppenheimer Global Growth	Pair Corr
0.87	GTHCX	Invesco Global Health	Pair Corr
0.88	GTSVX	Invesco Small Cap	Pair Corr
0.88	ABALX	American Balanced	Pair Corr
0.97	BALCX	American Balanced	Pair Corr
0.86	BALFX	American Balanced	Pair Corr
0.97	FBONX	American Funds American	Pair Corr
0.97	FBAFX	American Funds American	Pair Corr
0.97	RLBCX	American Balanced	Pair Corr
0.97	RLBBX	American Balanced	Pair Corr
0.88	CLBAX	American Balanced	Pair Corr
0.97	CLBEX	American Balanced	Pair Corr
0.97	RLBFX	American Balanced	Pair Corr
0.93	BRUFX	Bruce Fund Bruce	Pair Corr

Related Correlations Analysis

	ABHFX	ESIIX	HBLRX	HBLVX	HBLTX	PFIAX	PFIIX	TSIIX	ACSRX	INPFX
ABHFX		0.79	0.75	0.74	0.75	0.86	0.82	0.77	0.68	0.79	ABHFX
ESIIX	0.79		0.94	0.94	0.94	0.95	0.95	0.87	0.91	0.96	ESIIX
HBLRX	0.75	0.94		1.0	1.0	0.93	0.93	0.83	0.95	0.92	HBLRX
HBLVX	0.74	0.94	1.0		1.0	0.93	0.93	0.83	0.95	0.92	HBLVX
HBLTX	0.75	0.94	1.0	1.0		0.93	0.93	0.83	0.95	0.92	HBLTX
PFIAX	0.86	0.95	0.93	0.93	0.93		0.98	0.89	0.9	0.94	PFIAX
PFIIX	0.82	0.95	0.93	0.93	0.93	0.98		0.93	0.91	0.93	PFIIX
TSIIX	0.77	0.87	0.83	0.83	0.83	0.89	0.93		0.8	0.84	TSIIX
ACSRX	0.68	0.91	0.95	0.95	0.95	0.9	0.91	0.8		0.89	ACSRX
INPFX	0.79	0.96	0.92	0.92	0.92	0.94	0.93	0.84	0.89		INPFX
	ABHFX	ESIIX	HBLRX	HBLVX	HBLTX	PFIAX	PFIIX	TSIIX	ACSRX	INPFX

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Equity Mutual Fund 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 Equity'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
ABHFX	0.09	0.01	(0.23)	(0.82)	0.00	(0.13)	0.26	(0.20)	0.79
ESIIX	0.11	0.02	(0.07)	0.39	0.00	(0.17)	0.29	(0.15)	0.87
HBLRX	0.33	0.11	0.24	0.42	0.00	(0.45)	0.72	(0.47)	5.31
HBLVX	0.34	0.11	0.23	0.41	0.00	(0.44)	0.73	(0.50)	5.33
HBLTX	0.34	0.11	0.22	0.40	0.00	(0.44)	0.73	(0.51)	5.38
PFIAX	0.08	0.02	(0.16)	1.84	0.00	(0.23)	0.24	(0.12)	0.73
PFIIX	0.09	0.01	(0.15)	0.71	0.00	(0.21)	0.36	(0.12)	0.97
TSIIX	0.12	0.00	(0.25)	(0.06)	0.11	(0.15)	0.26	(0.17)	0.95
ACSRX	0.65	0.18	0.29	0.21	0.18	(0.78)	1.48	(0.89)	9.91
INPFX	0.26	0.02	(0.01)	0.11	0.25	(0.30)	0.57	(0.50)	1.69

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Invesco Equity Correlations

Invesco Equity Correlation With Market

Very poor diversification

Moving together with Invesco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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