Invesco Comstock Correlations

Mutual Funds . USA . 
Fund . Invesco Stock Fund
ICSFX Fund  USD 30.35  0.21  0.70%   
The current 90-days correlation between Invesco Comstock and T Rowe Price is 0.25 (i.e., Modest diversification). The correlation of Invesco Comstock 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 Comstock Correlation With Market

Average diversification

The correlation between Invesco Stock Fund and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Stock Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Invesco Stock 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 census.

Moving together with Invesco Mutual Fund

  0.73VMICX Invesco Municipal IncomePairCorr
  0.73VMINX Invesco Municipal IncomePairCorr
  0.7VMIIX Invesco Municipal IncomePairCorr
  0.92OARDX Oppenheimer RisingPairCorr
  0.79OCAIX Oppenheimer AggrssvPairCorr
  0.69OCCIX Oppenheimer CnsrvtvPairCorr
  0.63FSTEX Invesco EnergyPairCorr
  0.91GGHCX Invesco Global HealthPairCorr
  0.76ASIAX Invesco Asia PacificPairCorr
  0.87VSQAX Invesco Global ResponsPairCorr
  0.89ASRFX Invesco Global RealPairCorr
  0.74ABRYX Invesco Balanced RiskPairCorr
  0.76ACCZX Invesco Porate BondPairCorr
  0.76OIDCX Oppenheimer InternationalPairCorr
  0.95ACGMX Invesco Growth AndPairCorr
  0.93IAUTX Invesco Dividend IncomePairCorr
  0.71ACTDX Invesco High YieldPairCorr
  0.66CLIAX Invesco Income AllocationPairCorr
  0.89REINX Invesco Real EstatePairCorr
  0.77ITYYX Invesco TechnologyPairCorr
  0.87ITYAX Invesco TechnologyPairCorr
  0.78IEGIX Invesco InternationalPairCorr
  0.96IFUTX Invesco Dividend IncomePairCorr
  0.94LCEAX Invesco DiversifiedPairCorr

Moving against Invesco Mutual Fund

  0.52ACEHX Invesco ExchangePairCorr

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   
TAAEX
+ 0.88
HSUAX
NEAIX
+ 0.8
MSSGX
TAAEX
+ 0.7
HGOIX
HGOIX
+ 0.63
HSUAX
ANORX
+ 0.62
PRNHX
HSUAX
+ 0.6
ANORX
  
High negative correlations   
HGOIX
- 0.12
PRNHX
TAAEX
- 0.06
PRNHX
HSUAX
- 0.06
PRNHX

Risk-Adjusted Indicators

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