Invesco Disciplined Correlations

Mutual Funds . USA . 
Fund . Invesco Disciplined Equity
AWEIX Fund  USD 32.08  0.12  0.37%   
The current 90-days correlation between Invesco Disciplined and At Mid Cap is 0.92 (i.e., Almost no diversification). The correlation of Invesco Disciplined 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 Disciplined Correlation With Market

Average diversification

The correlation between Invesco Disciplined Equity and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Disciplined Equity 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 Disciplined Equity. 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 gross domestic product.

Moving together with Invesco Mutual Fund

  0.95AWGIX Cibc Atlas AllPairCorr
  0.98AWIIX At Income OpportunitiesPairCorr
  0.96AWMIX At Mid CapPairCorr
  0.82AWYIX At Equity IncomePairCorr
  0.81BRUFX Bruce Fund BrucePairCorr
  0.84SPGSX State Street PremierPairCorr
  0.81PHJJX Principal Lifetime HybridPairCorr
  0.63BCGDX Blue Current GlobalPairCorr
  0.72QVGIX Oppenheimer Gbl AllocPairCorr
  0.61MUOCX Msif Core PortfolioPairCorr
  0.62FRCNX Fidelity Freedom BlendPairCorr

Moving against Invesco Mutual Fund

  0.7RYMEX Commodities StrategyPairCorr
  0.7RYMJX Commodities StrategyPairCorr
  0.68XGEIX Guggenheim Energy IncomePairCorr
  0.64RYMBX Commodities StrategyPairCorr
  0.58MCSAX Mfs Modity StrategyPairCorr
  0.5CPRTX Clarion Partners RealPairCorr
  0.45GLDZX Low Duration BondPairCorr
  0.42GGNPX Goldman Sachs HighPairCorr
  0.51VCMDX Vanguard CommodityPairCorr
  0.39FRSAX Federated Floating RatePairCorr

Related Correlations Analysis

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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   
AWIIX
+ 0.97
AWMIX
JMUEX
+ 0.86
AWMIX
JMUEX
+ 0.84
AWIIX
JMUEX
+ 0.79
MIPTX
AWIIX
+ 0.77
MIPTX
MIPTX
+ 0.68
AWMIX
  
High negative correlations   
ATMP
- 0.55
MIPTX
JMUEX
- 0.08
ATMP
ATMP
- 0.07
AWIIX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Disciplined 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 Disciplined'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.

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