Invesco Comstock Correlations

ACSDX Fund

USD 30.40 0.21 0.70%

The current 90-days correlation between Invesco Comstock and Schwab Government Money is -0.08 (i.e., Good diversification). The correlation of Invesco Comstock 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 Comstock Correlation With Market

Average diversification

The correlation between Invesco Stock Fund and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Stock Fund 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 Stock Fund. 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 unemployment.

Moving together with Invesco Mutual Fund

0.73	VMICX	Invesco Municipal Income	Pair Corr
0.73	VMINX	Invesco Municipal Income	Pair Corr
0.69	VMIIX	Invesco Municipal Income	Pair Corr
0.92	OARDX	Oppenheimer Rising	Pair Corr
0.79	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.69	OCCIX	Oppenheimer Cnsrvtv	Pair Corr
0.63	FSTEX	Invesco Energy	Pair Corr
0.91	GGHCX	Invesco Global Health	Pair Corr
0.76	ASIAX	Invesco Asia Pacific	Pair Corr
0.87	VSQAX	Invesco Global Respons	Pair Corr
0.89	ASRFX	Invesco Global Real	Pair Corr
0.74	ABRYX	Invesco Balanced Risk	Pair Corr
0.76	ACCZX	Invesco Porate Bond	Pair Corr
0.76	OIDCX	Oppenheimer International	Pair Corr
0.95	ACGMX	Invesco Growth And	Pair Corr
0.93	IAUTX	Invesco Dividend Income	Pair Corr
0.71	ACTDX	Invesco High Yield	Pair Corr
0.66	CLIAX	Invesco Income Allocation	Pair Corr
0.89	REINX	Invesco Real Estate	Pair Corr
0.77	ITYYX	Invesco Technology	Pair Corr
0.87	ITYAX	Invesco Technology	Pair Corr
0.78	IEGIX	Invesco International	Pair Corr
0.96	IFUTX	Invesco Dividend Income	Pair Corr
0.94	LCEAX	Invesco Diversified	Pair Corr

Moving against Invesco Mutual Fund

0.52

ACEHX

Invesco Exchange

Pair Corr

Related Correlations Analysis

	SWGXX	FMFXX	ICAXX	MODXX	QCMMIX	PBMXX	STSEX
SWGXX		0.53	0.0	0.0	0.59	0.0	-0.15	SWGXX
FMFXX	0.53		0.0	0.0	0.43	0.0	0.01	FMFXX
ICAXX	0.0	0.0		0.0	0.0	0.0	0.0	ICAXX
MODXX	0.0	0.0	0.0		0.0	0.0	0.0	MODXX
QCMMIX	0.59	0.43	0.0	0.0		0.0	0.01	QCMMIX
PBMXX	0.0	0.0	0.0	0.0	0.0		0.0	PBMXX
STSEX	-0.15	0.01	0.0	0.0	0.01	0.0		STSEX
	SWGXX	FMFXX	ICAXX	MODXX	QCMMIX	PBMXX	STSEX

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

QCMMIX	+ 0.59	SWGXX
FMFXX	+ 0.53	SWGXX
QCMMIX	+ 0.43	FMFXX
STSEX	+ 0.01	FMFXX
STSEX	+ 0.01	QCMMIX
ICAXX	+ 0.0	SWGXX

High negative correlations

STSEX	- 0.15	SWGXX
STSEX	- 0.0	PBMXX
PBMXX	- 0.0	QCMMIX
STSEX	- 0.0	MODXX
PBMXX	- 0.0	MODXX
QCMMIX	- 0.0	MODXX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Comstock 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 Comstock'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
SWGXX	0.03	0.01	0.00	(1.40)	0.00	0.00	0.00	0.00	1.01
FMFXX	0.03	0.01	0.00	(0.88)	0.00	0.00	0.00	0.00	1.01
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MODXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QCMMIX	0.02	0.01	0.00	(3.43)	0.00	0.00	0.03	0.00	0.03
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STSEX	0.51	0.02	(0.05)	0.16	0.73	(0.50)	0.88	(1.21)	5.72

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