Invesco European Correlations

AEGSX Fund

USD 32.66 0.22 0.67%

The current 90-days correlation between Invesco European Growth and Vanguard European Stock is 0.71 (i.e., Poor diversification). The correlation of Invesco European 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 European Correlation With Market

Modest diversification

The correlation between Invesco European Growth and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco European Growth 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 European Growth. 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 state.

Moving together with Invesco Mutual Fund

0.86	OARDX	Oppenheimer Rising	Pair Corr
0.96	OSMAX	Oppenheimer International	Pair Corr
0.95	OSMCX	Oppenheimer International	Pair Corr
0.69	BRCRX	Invesco Balanced Risk	Pair Corr
0.64	BRCNX	Invesco Balanced Risk	Pair Corr
0.72	BRCCX	Invesco Balanced Risk	Pair Corr
0.63	BRCYX	Invesco Balanced Risk	Pair Corr
0.68	PXGGX	Invesco Select Risk	Pair Corr
0.89	EMLDX	Invesco Emerging Markets	Pair Corr
0.68	DIGGX	Invesco Discovery	Pair Corr
0.68	PXQIX	Invesco Select Risk	Pair Corr
0.7	OCAIX	Oppenheimer Aggrssv	Pair Corr

Moving against Invesco Mutual Fund

0.59	STBYX	Invesco Short Term	Pair Corr
0.56	STBRX	Invesco Short Term	Pair Corr
0.55	STBAX	Invesco Short Term	Pair Corr
0.54	STBCX	Invesco Short Term	Pair Corr
0.44	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.59	INBQX	Aim Investment Funds	Pair Corr
0.44	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.44	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.43	MLPEX	Steelpath Select	Pair Corr
0.42	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.41	MLPAX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	VEUSX	VESIX	VEUPX	VEURX	CIUEX	AEDYX	AEDRX	AEGSX	FHJUX	FHJTX
VEUSX		1.0	1.0	1.0	1.0	0.64	0.63	0.64	0.94	0.95	VEUSX
VESIX	1.0		1.0	1.0	0.99	0.63	0.63	0.63	0.95	0.95	VESIX
VEUPX	1.0	1.0		1.0	1.0	0.64	0.63	0.64	0.95	0.95	VEUPX
VEURX	1.0	1.0	1.0		0.99	0.64	0.64	0.64	0.94	0.95	VEURX
CIUEX	1.0	0.99	1.0	0.99		0.6	0.59	0.6	0.96	0.96	CIUEX
AEDYX	0.64	0.63	0.64	0.64	0.6		1.0	1.0	0.41	0.43	AEDYX
AEDRX	0.63	0.63	0.63	0.64	0.59	1.0		1.0	0.41	0.43	AEDRX
AEGSX	0.64	0.63	0.64	0.64	0.6	1.0	1.0		0.41	0.43	AEGSX
FHJUX	0.94	0.95	0.95	0.94	0.96	0.41	0.41	0.41		1.0	FHJUX
FHJTX	0.95	0.95	0.95	0.95	0.96	0.43	0.43	0.43	1.0		FHJTX
	VEUSX	VESIX	VEUPX	VEURX	CIUEX	AEDYX	AEDRX	AEGSX	FHJUX	FHJTX

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco European 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 European'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
VEUSX	0.61	(0.02)	(0.10)	0.00	0.89	(0.57)	1.11	(1.43)	3.68
VESIX	0.61	(0.02)	(0.09)	0.00	0.91	(0.57)	1.09	(1.78)	3.73
VEUPX	0.61	(0.02)	(0.10)	0.00	0.89	(0.57)	1.10	(1.42)	3.67
VEURX	0.61	(0.02)	(0.10)	0.00	0.89	(0.57)	1.11	(1.42)	3.64
CIUEX	0.63	(0.02)	(0.10)	(0.02)	0.89	(0.64)	1.30	(1.52)	3.92
AEDYX	0.71	(0.16)	0.00	(0.38)	0.00	0.00	1.15	(1.41)	7.82
AEDRX	0.71	(0.16)	0.00	(0.38)	0.00	0.00	1.14	(1.38)	7.81
AEGSX	0.71	(0.16)	0.00	(0.38)	0.00	0.00	1.20	(1.41)	7.81
FHJUX	0.60	0.01	(0.07)	0.12	0.81	(0.59)	1.30	(1.21)	3.55
FHJTX	0.60	0.00	(0.07)	0.11	0.80	(0.59)	1.28	(1.18)	3.51

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