Invesco International Correlations

AIIEX Fund

USD 23.42 0.15 0.64%

The current 90-days correlation between Invesco International and Bbh Partner Fund is 0.93 (i.e., Almost no diversification). The correlation of Invesco International 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 International Correlation With Market

Very weak diversification

The correlation between Invesco International Growth and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco International 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 International 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 income.

Moving together with Invesco Mutual Fund

0.74	OSICX	Oppenheimer Strategic	Pair Corr
0.91	OSMAX	Oppenheimer International	Pair Corr
0.91	OSMCX	Oppenheimer International	Pair Corr
0.82	EMLDX	Invesco Emerging Markets	Pair Corr
0.63	OCCIX	Oppenheimer Cnsrvtv	Pair Corr

Moving against Invesco Mutual Fund

0.44	DIGGX	Invesco Discovery	Pair Corr
0.43	OARDX	Oppenheimer Rising	Pair Corr
0.43	OTFCX	Oppenheimer Target	Pair Corr
0.7	MLPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.7	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.69	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.69	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.64	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.64	MLPEX	Steelpath Select	Pair Corr
0.54	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.53	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.52	FTCHX	Invesco Technology	Pair Corr
0.43	SCAYX	Invesco Low Volatility	Pair Corr

Related Correlations Analysis

	BBHLX	VOLMX	OPTCX	LIOTX	URNQX	EICVX	TGVVX	VISGX
BBHLX		-0.18	-0.19	-0.25	-0.04	-0.1	-0.14	-0.2	BBHLX
VOLMX	-0.18		0.97	0.92	0.96	0.89	0.98	0.97	VOLMX
OPTCX	-0.19	0.97		0.91	0.95	0.9	0.98	0.98	OPTCX
LIOTX	-0.25	0.92	0.91		0.88	0.89	0.91	0.93	LIOTX
URNQX	-0.04	0.96	0.95	0.88		0.84	0.99	0.92	URNQX
EICVX	-0.1	0.89	0.9	0.89	0.84		0.88	0.92	EICVX
TGVVX	-0.14	0.98	0.98	0.91	0.99	0.88		0.96	TGVVX
VISGX	-0.2	0.97	0.98	0.93	0.92	0.92	0.96		VISGX
	BBHLX	VOLMX	OPTCX	LIOTX	URNQX	EICVX	TGVVX	VISGX

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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

TGVVX	+ 0.99	URNQX
TGVVX	+ 0.98	VOLMX
TGVVX	+ 0.98	OPTCX
VISGX	+ 0.98	OPTCX
OPTCX	+ 0.97	VOLMX
VISGX	+ 0.97	VOLMX

High negative correlations

LIOTX	- 0.25	BBHLX
VISGX	- 0.2	BBHLX
OPTCX	- 0.19	BBHLX
VOLMX	- 0.18	BBHLX
TGVVX	- 0.14	BBHLX
EICVX	- 0.1	BBHLX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco International 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 International'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
BBHLX	0.65	(0.09)	0.00	(0.04)	0.00	0.00	1.41	(1.28)	3.65
VOLMX	0.60	0.00	(0.01)	0.13	0.58	(0.70)	1.14	(1.35)	4.49
OPTCX	0.15	0.02	(0.43)	0.23	0.00	(0.22)	0.32	(0.21)	1.04
LIOTX	0.63	0.07	0.03	0.24	0.69	(0.74)	1.25	(1.28)	3.54
URNQX	0.75	0.00	(0.01)	0.12	1.06	(0.74)	1.57	(2.38)	5.14
EICVX	0.47	(0.01)	(0.13)	0.11	0.38	(0.56)	1.06	(0.71)	2.04
TGVVX	0.71	0.02	0.01	0.15	1.01	(0.67)	1.47	(1.84)	4.86
VISGX	0.81	0.08	0.10	0.19	0.85	(0.94)	1.78	(1.50)	5.31

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