Invesco Growth Correlations

ACGMX Fund

USD 22.16 0.04 0.18%

The current 90-days correlation between Invesco Growth And and Government Securities Fund is 0.35 (i.e., Weak diversification). The correlation of Invesco Growth 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 Growth Correlation With Market

Weak diversification

The correlation between Invesco Growth And and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Growth 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 Growth 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 population.

Moving together with Invesco Mutual Fund

0.76	VMICX	Invesco Municipal Income	Pair Corr
0.74	VMINX	Invesco Municipal Income	Pair Corr
0.72	VMIIX	Invesco Municipal Income	Pair Corr
0.98	OARDX	Oppenheimer Rising	Pair Corr
0.95	OSMAX	Oppenheimer International	Pair Corr
0.71	OTFCX	Oppenheimer Target	Pair Corr
0.97	INGFX	Invesco Oppenheimer	Pair Corr
0.62	FSTEX	Invesco Energy	Pair Corr
0.86	CGREX	Invesco Global Real	Pair Corr
0.99	CGRCX	Oppenheimer Value	Pair Corr
0.87	GGHYX	Invesco Global Health	Pair Corr
0.88	GGHCX	Invesco Global Health	Pair Corr
0.91	CHRRX	Invesco Charter	Pair Corr
0.91	CHRSX	Invesco Charter	Pair Corr
0.76	AADSX	Invesco Growth Allocation	Pair Corr
0.81	ASIYX	Invesco Asia Pacific	Pair Corr
0.81	ASISX	Invesco Asia Pacific	Pair Corr
0.81	ASIAX	Invesco Asia Pacific	Pair Corr
0.73	OIDAX	Oppenheimer International	Pair Corr
0.62	ACCBX	Invesco Porate Bond	Pair Corr
0.94	IARRX	Invesco Real Estate	Pair Corr
0.94	IARYX	Invesco Real Estate	Pair Corr
0.99	ACSTX	Invesco Comstock	Pair Corr
0.7	ACTHX	Invesco High Yield	Pair Corr

Moving against Invesco Mutual Fund

0.38	STBAX	Invesco Short Term	Pair Corr
0.54	VSLAX	Invesco Senior Loan	Pair Corr

Related Correlations Analysis

	UIGSX	DVPXX	RGVAX	SMAAX	BIGLX	TAMXX
UIGSX		0.0	0.99	0.92	0.97	0.0	UIGSX
DVPXX	0.0		0.0	0.0	0.0	0.0	DVPXX
RGVAX	0.99	0.0		0.92	0.99	0.0	RGVAX
SMAAX	0.92	0.0	0.92		0.93	0.0	SMAAX
BIGLX	0.97	0.0	0.99	0.93		0.0	BIGLX
TAMXX	0.0	0.0	0.0	0.0	0.0		TAMXX
	UIGSX	DVPXX	RGVAX	SMAAX	BIGLX	TAMXX

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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

RGVAX	+ 0.99	UIGSX
BIGLX	+ 0.99	RGVAX
BIGLX	+ 0.97	UIGSX
BIGLX	+ 0.93	SMAAX
SMAAX	+ 0.92	UIGSX
SMAAX	+ 0.92	RGVAX

High negative correlations

TAMXX	- 0.0	BIGLX
TAMXX	- 0.0	SMAAX
TAMXX	- 0.0	RGVAX
TAMXX	- 0.0	DVPXX
BIGLX	- 0.0	DVPXX
SMAAX	- 0.0	DVPXX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Growth 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 Growth'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
UIGSX	0.20	0.01	0.06	0.27	0.16	(0.27)	0.46	(0.35)	1.26
DVPXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RGVAX	0.24	0.02	0.06	0.20	0.24	(0.31)	0.60	(0.43)	1.72
SMAAX	0.13	0.00	0.02	0.03	0.18	(0.15)	0.30	(0.30)	1.09
BIGLX	0.26	0.02	0.05	0.19	0.27	(0.32)	0.56	(0.55)	1.78
TAMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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