Invesco Income Correlations

The correlation of Invesco Income 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.

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Moving together with Invesco Mutual Fund

0.64	VWIAX	Vanguard Wellesley Income	Pair Corr
0.72	BKMIX	Blackrock Multi Asset	Pair Corr
0.66	HBLTX	Hartford Balanced	Pair Corr
0.66	HBLRX	Hartford Balanced	Pair Corr
0.66	HBLSX	Hartford Balanced	Pair Corr
0.66	HBLVX	Hartford Balanced	Pair Corr
0.66	HBLFX	Hartford Balanced	Pair Corr
0.66	HBLYX	Hartford Balanced	Pair Corr
0.66	HBLCX	Hartford Balanced	Pair Corr
0.63	SMPIX	Semiconductor Ultrasector	Pair Corr
0.69	SMPSX	Semiconductor Ultrasector	Pair Corr
0.69	RSNRX	Victory Global Natural	Pair Corr
0.69	RSNYX	Victory Global Natural	Pair Corr
0.69	RGNCX	Victory Global Natural	Pair Corr
0.63	PMPIX	Precious Metals Ultr	Pair Corr
0.66	INPFX	American Funds Income	Pair Corr
0.65	BA	Boeing	Pair Corr
0.71	HD	Home Depot	Pair Corr

Related Correlations Analysis

	MCBXX	FTIXX	PFSQX	IAAEX	PUFCX	RPFGX	ICFAX
MCBXX		0.0	0.0	0.0	0.0	0.0	0.0	MCBXX
FTIXX	0.0		0.0	0.0	0.0	0.0	0.0	FTIXX
PFSQX	0.0	0.0		0.94	0.97	0.95	0.84	PFSQX
IAAEX	0.0	0.0	0.94		0.98	0.87	0.73	IAAEX
PUFCX	0.0	0.0	0.97	0.98		0.94	0.79	PUFCX
RPFGX	0.0	0.0	0.95	0.87	0.94		0.9	RPFGX
ICFAX	0.0	0.0	0.84	0.73	0.79	0.9		ICFAX
	MCBXX	FTIXX	PFSQX	IAAEX	PUFCX	RPFGX	ICFAX

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

PUFCX	+ 0.98	IAAEX
PUFCX	+ 0.97	PFSQX
RPFGX	+ 0.95	PFSQX
IAAEX	+ 0.94	PFSQX
RPFGX	+ 0.94	PUFCX
ICFAX	+ 0.9	RPFGX

High negative correlations

ICFAX	- 0.0	FTIXX
RPFGX	- 0.0	FTIXX
PUFCX	- 0.0	FTIXX
IAAEX	- 0.0	FTIXX
PFSQX	- 0.0	FTIXX
ICFAX	- 0.0	MCBXX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Income 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 Income'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
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PFSQX	0.89	0.17	0.17	0.18	0.73	(1.01)	1.93	(1.75)	12.00
IAAEX	0.94	0.34	0.43	0.75	0.13	(1.21)	1.85	(1.17)	19.44
PUFCX	0.93	0.25	0.21	0.90	0.67	(1.12)	1.88	(1.77)	15.11
RPFGX	0.66	0.16	0.13	0.99	0.68	(0.69)	1.60	(1.27)	4.28
ICFAX	0.86	0.23	0.32	0.26	0.29	(1.20)	1.66	(0.98)	14.63

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