Invesco Dividend Correlations

FSIUX Fund

USD 27.17 0.17 0.63%

The current 90-days correlation between Invesco Dividend Income and Lord Abbett Short is 0.11 (i.e., Average diversification). The correlation of Invesco Dividend 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 Dividend Correlation With Market

Poor diversification

The correlation between Invesco Dividend Income and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Dividend Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Invesco Dividend Income. 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 persons.

Moving together with Invesco Mutual Fund

0.9	VVIAX	Vanguard Value Index	Pair Corr
0.91	AWSHX	Washington Mutual	Pair Corr
0.91	WSHCX	Washington Mutual	Pair Corr
0.83	WSHFX	Washington Mutual	Pair Corr
0.91	FWWMX	American Funds Washington	Pair Corr
0.91	FWMMX	American Funds Washington	Pair Corr
0.92	DODGX	Dodge Stock Fund	Pair Corr
0.8	AMFFX	American Mutual	Pair Corr
0.81	AMFCX	American Mutual	Pair Corr
0.94	FSMMX	Fs Multi Strategy	Pair Corr
0.87	BTMPX	Ishares Msci Eafe	Pair Corr
0.87	BTMKX	Blackrock International	Pair Corr
0.87	MDIIX	Blackrock Intern Index	Pair Corr
0.65	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.65	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.81	BA	Boeing	Pair Corr
0.64	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr

Moving against Invesco Mutual Fund

0.66	AMRMX	American Mutual	Pair Corr
0.65	T	ATT Inc Earnings Call This Week	Pair Corr
0.37	MMM	3M Company	Pair Corr

Related Correlations Analysis

	GHVIX	PHDTX	CYBAX	BHYRX	SEIYX	LSYFX
GHVIX		0.62	0.97	0.97	0.95	0.95	GHVIX
PHDTX	0.62		0.54	0.59	0.63	0.53	PHDTX
CYBAX	0.97	0.54		0.97	0.93	0.96	CYBAX
BHYRX	0.97	0.59	0.97		0.97	0.98	BHYRX
SEIYX	0.95	0.63	0.93	0.97		0.93	SEIYX
LSYFX	0.95	0.53	0.96	0.98	0.93		LSYFX
	GHVIX	PHDTX	CYBAX	BHYRX	SEIYX	LSYFX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Dividend 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 Dividend'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GHVIX	0.10	0.02	(0.20)	0.39	(0.14)	0.24	(0.23)	0.70
PHDTX	0.12	(0.02)	0.00	(0.73)	0.00	0.22	(0.22)	3.12
CYBAX	0.10	0.01	(0.31)	3.68	(0.12)	0.24	(0.20)	0.80
BHYRX	0.12	0.01	(0.18)	0.15	(0.22)	0.28	(0.28)	0.84
SEIYX	0.14	0.02	(0.11)	0.32	(0.31)	0.40	(0.20)	1.20
LSYFX	0.13	0.01	(0.22)	0.19	(0.22)	0.31	(0.21)	1.14

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