Invesco Income Correlations

CLIAX Fund

USD 10.72 0.04 0.37%

The current 90-days correlation between Invesco Income Allocation and Walden Smid Cap is 0.8 (i.e., Very poor diversification). 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.

Invesco Income Correlation With Market

Very weak diversification

The correlation between Invesco Income Allocation and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Income Allocation 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 Income Allocation. 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 nation.

Moving together with Invesco Mutual Fund

0.73	VMICX	Invesco Municipal Income	Pair Corr
0.74	VMINX	Invesco Municipal Income	Pair Corr
0.74	VMIIX	Invesco Municipal Income	Pair Corr
0.78	AMHYX	Invesco High Yield	Pair Corr
0.99	ILAAX	Invesco Income Allocation	Pair Corr
0.81	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.93	OCCIX	Oppenheimer Cnsrvtv	Pair Corr
0.99	OCMIX	Oppenheimer Moderate	Pair Corr
0.91	SCCUX	Invesco Low Volatility	Pair Corr
0.89	SCIUX	Invesco Low Volatility	Pair Corr
0.88	VAFAX	Invesco American Fra	Pair Corr
0.71	ABRYX	Invesco Balanced Risk	Pair Corr
0.77	ACCZX	Invesco Porate Bond	Pair Corr
0.73	ACTHX	Invesco High Yield	Pair Corr
0.74	ACTDX	Invesco High Yield	Pair Corr
0.78	ITYYX	Invesco Technology	Pair Corr
0.76	ITYAX	Invesco Technology	Pair Corr
0.77	SMEYX	Invesco Small Cap	Pair Corr
0.61	IFUTX	Invesco Dividend Income	Pair Corr

Moving against Invesco Mutual Fund

0.47

ACEHX

Invesco Exchange

Pair Corr

Related Correlations Analysis

	WASMX	MGPIX	ARSMX	MXLSX	VISVX	VVSCX	LVAQX
WASMX		0.91	0.92	0.95	0.97	0.96	0.96	WASMX
MGPIX	0.91		0.87	0.91	0.91	0.89	0.88	MGPIX
ARSMX	0.92	0.87		0.87	0.86	0.89	0.94	ARSMX
MXLSX	0.95	0.91	0.87		0.98	0.99	0.95	MXLSX
VISVX	0.97	0.91	0.86	0.98		0.98	0.93	VISVX
VVSCX	0.96	0.89	0.89	0.99	0.98		0.96	VVSCX
LVAQX	0.96	0.88	0.94	0.95	0.93	0.96		LVAQX
	WASMX	MGPIX	ARSMX	MXLSX	VISVX	VVSCX	LVAQX

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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
WASMX	0.68	(0.01)	(0.07)	0.06	0.84	(0.77)	1.55	(1.15)	6.65
MGPIX	0.75	0.01	(0.06)	0.13	1.09	(0.72)	1.65	(1.43)	7.46
ARSMX	0.74	(0.10)	0.00	(0.06)	0.00	0.00	1.37	(0.93)	13.11
MXLSX	0.80	0.00	(0.05)	0.08	0.91	(0.96)	1.69	(1.26)	10.23
VISVX	0.73	0.01	(0.04)	0.12	0.86	(0.87)	1.49	(1.25)	8.26
VVSCX	0.89	0.00	(0.03)	0.10	1.12	(1.00)	1.82	(1.40)	10.88
LVAQX	0.81	(0.02)	(0.07)	0.03	1.04	(0.91)	1.61	(1.32)	9.77

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