Invesco Core Correlations

CPCFX Fund

USD 9.36 0.01 0.11%

The current 90-days correlation between Invesco E Plus and Wasatch Large Cap is 0.02 (i.e., Significant diversification). The correlation of Invesco Core 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 Core Correlation With Market

Very weak diversification

The correlation between Invesco E Plus and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco E Plus 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 E Plus. 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 price.

Moving together with Invesco Mutual Fund

0.79	AMHYX	Invesco High Yield	Pair Corr
0.7	OSICX	Oppenheimer Strategic	Pair Corr
0.7	HYIFX	Invesco High Yield	Pair Corr
0.78	HYINX	Invesco High Yield	Pair Corr
0.76	ILAAX	Invesco Income Allocation	Pair Corr
0.79	PXCCX	Invesco Select Risk	Pair Corr
0.64	BRCRX	Invesco Balanced Risk	Pair Corr
0.63	BRCNX	Invesco Balanced Risk	Pair Corr
0.8	PXCIX	Invesco Select Risk	Pair Corr
0.63	BRCCX	Invesco Balanced Risk	Pair Corr
0.67	BRCAX	Invesco Balanced Risk	Pair Corr
0.63	BRCYX	Invesco Balanced Risk	Pair Corr
0.69	PXGGX	Invesco Select Risk	Pair Corr
0.67	OTFCX	Oppenheimer Target	Pair Corr
0.71	PXMQX	Invesco Select Risk	Pair Corr
0.78	PXMSX	Invesco Select Risk	Pair Corr
0.67	DIGGX	Invesco Discovery	Pair Corr
0.77	PXMMX	Invesco Select Risk	Pair Corr
0.7	PXQIX	Invesco Select Risk	Pair Corr
0.7	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.8	OCCIX	Oppenheimer Cnsrvtv	Pair Corr
0.68	STBAX	Invesco Short Term	Pair Corr
0.68	STBCX	Invesco Short Term	Pair Corr
0.68	STBRX	Invesco Short Term	Pair Corr

Moving against Invesco Mutual Fund

0.35

INGFX

Invesco Oppenheimer

Pair Corr

Related Correlations Analysis

	JAAIX	CMACX	QGRIX	FSTRX	PAVLX	WILCX
JAAIX		0.6	0.8	0.44	0.79	0.81	JAAIX
CMACX	0.6		0.79	0.87	0.77	0.79	CMACX
QGRIX	0.8	0.79		0.7	0.92	0.98	QGRIX
FSTRX	0.44	0.87	0.7		0.74	0.71	FSTRX
PAVLX	0.79	0.77	0.92	0.74		0.97	PAVLX
WILCX	0.81	0.79	0.98	0.71	0.97		WILCX
	JAAIX	CMACX	QGRIX	FSTRX	PAVLX	WILCX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Core 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 Core'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
JAAIX	0.19	0.04	(0.12)	0.85	0.00	(0.21)	0.36	(0.30)	0.79
CMACX	0.40	0.05	0.03	0.17	0.33	(0.44)	0.86	(0.75)	3.54
QGRIX	0.48	0.12	0.14	0.28	0.21	(0.57)	0.84	(0.84)	8.28
FSTRX	0.64	0.20	0.21	2.82	0.36	(0.78)	1.55	(1.06)	7.98
PAVLX	0.61	0.12	0.16	0.20	0.35	(0.69)	1.60	(1.04)	6.01
WILCX	0.48	0.15	0.22	0.33	0.00	(0.58)	0.99	(0.67)	4.64

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