Invesco Short Correlations

AGPXX Fund

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The current 90-days correlation between Invesco Short Term and Acm Tactical Income is -0.01 (i.e., Good diversification). The correlation of Invesco Short 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 Short Correlation With Market

Good diversification

The correlation between Invesco Short Term Investments and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Short Term Investments 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 Short Term Investments. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Invesco Money Market Fund

0.76	VTSAX	Vanguard Total Stock	Pair Corr
0.78	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VTSMX	Vanguard Total Stock	Pair Corr
0.76	VITSX	Vanguard Total Stock	Pair Corr
0.76	VSTSX	Vanguard Total Stock	Pair Corr
0.76	VSMPX	Vanguard Total Stock	Pair Corr
0.78	VFINX	Vanguard 500 Index	Pair Corr
0.78	VFFSX	Vanguard 500 Index	Pair Corr
0.64	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.84	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.82	HD	Home Depot	Pair Corr
0.78	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.76	HPQ	HP Inc	Pair Corr
0.82	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Invesco Money Market Fund

0.65	KO	Coca Cola Aggressive Push	Pair Corr
0.62	PFHCX	Pacific Funds Small	Pair Corr
0.36	PPRPX	Putnam Panagora Risk	Pair Corr
0.36	PPRWX	Putnam Panagora Risk	Pair Corr
0.35	PPROX	Putnam Panagora Risk	Pair Corr
0.8	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.66	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.62	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.53	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	TINAX	FBMPX	VOLMX	ARCHX	TWBIX	MSTXX	BOSVX
TINAX		0.13	0.11	0.47	0.56	0.36	0.25	TINAX
FBMPX	0.13		0.94	0.67	0.73	0.36	0.72	FBMPX
VOLMX	0.11	0.94		0.62	0.75	0.3	0.86	VOLMX
ARCHX	0.47	0.67	0.62		0.92	0.38	0.51	ARCHX
TWBIX	0.56	0.73	0.75	0.92		0.3	0.71	TWBIX
MSTXX	0.36	0.36	0.3	0.38	0.3		0.06	MSTXX
BOSVX	0.25	0.72	0.86	0.51	0.71	0.06		BOSVX
	TINAX	FBMPX	VOLMX	ARCHX	TWBIX	MSTXX	BOSVX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Invesco Money Market Fund performing well and Invesco Short Money Market 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 Short'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
TINAX	0.13	(0.01)	(0.51)	0.07	0.06	(0.18)	0.23	(0.23)	0.79
FBMPX	0.74	0.05	0.01	0.19	0.81	(0.75)	1.59	(1.72)	4.09
VOLMX	0.60	0.00	(0.01)	0.12	0.57	(0.71)	1.14	(1.35)	4.49
ARCHX	0.35	(0.02)	(0.20)	0.07	0.36	(0.40)	0.67	(0.71)	1.69
TWBIX	0.36	(0.03)	(0.17)	0.06	0.45	(0.39)	0.78	(0.92)	2.38
MSTXX	0.03	0.00	0.00	0.48	0.00	0.00	0.00	0.00	1.01
BOSVX	1.01	(0.05)	0.03	0.09	0.82	(1.18)	2.15	(1.62)	8.98

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