Invesco High Correlations

ACTDX Fund

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The current 90-days correlation between Invesco High Yield and Omni Small Cap Value is -0.06 (i.e., Good diversification). The correlation of Invesco High 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Invesco High Yield. 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 small area income & poverty estimates.

Moving together with Invesco Mutual Fund

0.9	VMICX	Invesco Municipal Income	Pair Corr
0.95	VMINX	Invesco Municipal Income	Pair Corr
0.95	VMIIX	Invesco Municipal Income	Pair Corr
0.93	OCACX	Oppenheimer Roc Ca	Pair Corr

Related Correlations Analysis

	BOSVX	BRSVX	GSXPX	JISCX	ABYSX	PCSVX	ARSMX	LRSOX
BOSVX		0.93	0.92	0.93	0.94	0.96	0.98	0.92	BOSVX
BRSVX	0.93		0.97	0.97	0.95	0.96	0.92	0.91	BRSVX
GSXPX	0.92	0.97		0.96	0.97	0.96	0.93	0.92	GSXPX
JISCX	0.93	0.97	0.96		0.94	0.93	0.9	0.88	JISCX
ABYSX	0.94	0.95	0.97	0.94		0.97	0.95	0.93	ABYSX
PCSVX	0.96	0.96	0.96	0.93	0.97		0.98	0.97	PCSVX
ARSMX	0.98	0.92	0.93	0.9	0.95	0.98		0.95	ARSMX
LRSOX	0.92	0.91	0.92	0.88	0.93	0.97	0.95		LRSOX
	BOSVX	BRSVX	GSXPX	JISCX	ABYSX	PCSVX	ARSMX	LRSOX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco High 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 High'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
BOSVX	0.96	0.15	0.13	0.20	0.80	(1.13)	2.20	(1.44)	8.85
BRSVX	0.75	(0.01)	(0.01)	0.04	0.94	(0.88)	1.88	(1.44)	4.28
GSXPX	0.94	0.03	0.04	0.08	1.04	(1.05)	2.27	(1.64)	5.73
JISCX	0.75	0.05	0.05	0.10	0.78	(0.81)	1.84	(1.23)	4.95
ABYSX	0.76	0.03	0.05	0.08	0.84	(0.83)	2.12	(1.23)	7.08
PCSVX	0.77	0.03	0.03	0.09	0.92	(0.83)	2.27	(1.27)	3.85
ARSMX	0.71	0.05	0.05	0.12	0.69	(0.89)	1.77	(1.36)	5.18
LRSOX	0.85	0.03	0.04	0.08	0.92	(1.00)	2.25	(1.66)	5.74

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Invesco High Correlations

Moving together with Invesco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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