Invesco Us Correlations

AGVSX Fund

USD 6.99 0.01 0.14%

The current 90-days correlation between Invesco Government and Midas Fund Midas is 0.03 (i.e., Significant diversification). The correlation of Invesco Us 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 Us Correlation With Market

Average diversification

The correlation between Invesco Government 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 Government 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 Government. 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

0.68

PFE

Pfizer Inc

Pair Corr

Moving against Invesco Mutual Fund

0.41	PQTNX	Pimco Trends Managed	Pair Corr
0.35	PQTAX	Pimco Trends Managed	Pair Corr
0.35	PQTIX	Aa Pimco Tr	Pair Corr
0.42	TRV	The Travelers Companies	Pair Corr
0.41	PG	Procter Gamble Sell-off Trend	Pair Corr
0.33	INTC	Intel	Pair Corr
0.31	VZ	Verizon Communications Aggressive Push	Pair Corr
0.31	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	MIDSX	URNQX	RGACX	GQESX	PARCX	TMSRX	PATFX	TIMPX
MIDSX		-0.15	0.25	0.45	0.43	0.19	0.31	0.38	MIDSX
URNQX	-0.15		0.35	0.35	0.36	0.37	0.31	0.42	URNQX
RGACX	0.25	0.35		0.84	0.93	-0.42	0.78	0.72	RGACX
GQESX	0.45	0.35	0.84		0.9	-0.3	0.8	0.79	GQESX
PARCX	0.43	0.36	0.93	0.9		-0.28	0.81	0.81	PARCX
TMSRX	0.19	0.37	-0.42	-0.3	-0.28		-0.35	-0.2	TMSRX
PATFX	0.31	0.31	0.78	0.8	0.81	-0.35		0.87	PATFX
TIMPX	0.38	0.42	0.72	0.79	0.81	-0.2	0.87		TIMPX
	MIDSX	URNQX	RGACX	GQESX	PARCX	TMSRX	PATFX	TIMPX

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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

PARCX	+ 0.93	RGACX
PARCX	+ 0.9	GQESX
TIMPX	+ 0.87	PATFX
GQESX	+ 0.84	RGACX
PATFX	+ 0.81	PARCX
TIMPX	+ 0.81	PARCX

High negative correlations

TMSRX	- 0.42	RGACX
PATFX	- 0.35	TMSRX
TMSRX	- 0.3	GQESX
TMSRX	- 0.28	PARCX
TIMPX	- 0.2	TMSRX
URNQX	- 0.15	MIDSX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Us 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 Us' 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
MIDSX	1.53	0.02	(0.01)	0.13	1.99	(1.70)	3.17	(3.73)	8.13
URNQX	0.89	0.06	(0.02)	3.71	1.18	(0.97)	1.69	(2.37)	6.37
RGACX	0.90	0.00	(0.02)	0.10	2.33	(0.83)	1.41	(1.36)	14.04
GQESX	0.58	0.00	(0.07)	0.07	1.11	(0.49)	1.17	(1.52)	5.13
PARCX	0.37	0.00	(0.10)	0.08	0.50	(0.39)	0.83	(0.71)	2.84
TMSRX	0.10	0.02	(0.38)	0.55	0.00	(0.15)	0.22	(0.22)	0.55
PATFX	0.19	0.00	(0.18)	0.00	0.30	(0.23)	0.45	(0.44)	1.70
TIMPX	0.26	0.00	(0.26)	0.14	0.27	(0.32)	0.56	(0.45)	1.57

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