Invesco Energy Correlations

FSTEX Fund

USD 32.23 0.39 1.22%

The current 90-days correlation between Invesco Energy and Ab Small Cap is -0.16 (i.e., Good diversification). The correlation of Invesco Energy 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 Energy Correlation With Market

Good diversification

The correlation between Invesco Energy Fund and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Energy Fund 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 Energy Fund. 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 american community survey.

Moving together with Invesco Mutual Fund

0.68	AMHYX	Invesco High Yield	Pair Corr
0.7	OSICX	Oppenheimer Strategic	Pair Corr
0.67	HYIFX	Invesco High Yield	Pair Corr
0.66	HYINX	Invesco High Yield	Pair Corr
0.62	BRCRX	Invesco Balanced Risk	Pair Corr
0.61	BRCNX	Invesco Balanced Risk	Pair Corr
0.61	BRCYX	Invesco Balanced Risk	Pair Corr
0.79	EMLDX	Invesco Emerging Markets	Pair Corr
0.64	STBAX	Invesco Short Term	Pair Corr
0.85	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.62	STBYX	Invesco Short Term	Pair Corr
0.85	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.82	MLPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.89	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.8	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.8	MLPEX	Steelpath Select	Pair Corr
0.83	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	QUAZX	DFUKX	TISVX	NEAIX	TVOYX	AUERX
QUAZX		0.72	0.65	0.9	0.78	0.55	QUAZX
DFUKX	0.72		0.92	0.78	0.6	0.69	DFUKX
TISVX	0.65	0.92		0.7	0.49	0.56	TISVX
NEAIX	0.9	0.78	0.7		0.64	0.54	NEAIX
TVOYX	0.78	0.6	0.49	0.64		0.82	TVOYX
AUERX	0.55	0.69	0.56	0.54	0.82		AUERX
	QUAZX	DFUKX	TISVX	NEAIX	TVOYX	AUERX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Energy 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 Energy'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
QUAZX	1.23	(0.05)	0.00	0.04	1.64	(1.20)	2.07	(2.66)	7.27
DFUKX	0.64	0.00	(0.03)	0.08	0.65	(0.71)	1.55	(1.08)	3.79
TISVX	0.58	(0.01)	(0.04)	0.06	0.70	(0.67)	1.25	(1.18)	3.41
NEAIX	1.21	0.02	0.04	0.08	1.48	(1.24)	2.29	(3.01)	6.07
TVOYX	0.78	0.00	0.01	0.07	0.91	(0.85)	1.75	(1.39)	4.44
AUERX	1.05	0.22	0.17	0.34	0.86	(1.30)	2.06	(1.76)	12.63

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Invesco Energy Correlations

Invesco Energy Correlation With Market

Good diversification

Moving together with Invesco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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