Invesco International Correlations

IEGAX Fund

USD 19.86 0.11 0.55%

The current 90-days correlation between Invesco International and Praxis Genesis Growth is 0.75 (i.e., Poor diversification). The correlation of Invesco International 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 International Correlation With Market

Weak diversification

The correlation between Invesco International Small and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco International Small 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 International Small. 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

0.83	OARDX	Oppenheimer Rising	Pair Corr
0.94	OSMAX	Oppenheimer International	Pair Corr
0.94	OSMCX	Oppenheimer International	Pair Corr
0.65	BRCRX	Invesco Balanced Risk	Pair Corr
0.68	BRCCX	Invesco Balanced Risk	Pair Corr
0.7	PXGGX	Invesco Select Risk	Pair Corr
0.93	EMLDX	Invesco Emerging Markets	Pair Corr
0.65	DIGGX	Invesco Discovery	Pair Corr
0.7	PXQIX	Invesco Select Risk	Pair Corr
0.72	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.66	OCCIX	Oppenheimer Cnsrvtv	Pair Corr

Moving against Invesco Mutual Fund

0.52	STBYX	Invesco Short Term	Pair Corr
0.49	STBAX	Invesco Short Term	Pair Corr
0.49	STBCX	Invesco Short Term	Pair Corr
0.49	STBRX	Invesco Short Term	Pair Corr
0.39	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.51	INBQX	Aim Investment Funds	Pair Corr
0.41	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.4	MLPEX	Steelpath Select	Pair Corr
0.39	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.39	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.38	MLPAX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	MGAFX	ARTSX	PRNHX	VGIAX	SRGAX	UPDDX	HGOFX
MGAFX		0.74	0.9	0.53	0.97	0.05	0.02	MGAFX
ARTSX	0.74		0.87	0.85	0.78	0.46	0.55	ARTSX
PRNHX	0.9	0.87		0.66	0.9	0.18	0.2	PRNHX
VGIAX	0.53	0.85	0.66		0.62	0.71	0.84	VGIAX
SRGAX	0.97	0.78	0.9	0.62		0.17	0.12	SRGAX
UPDDX	0.05	0.46	0.18	0.71	0.17		0.77	UPDDX
HGOFX	0.02	0.55	0.2	0.84	0.12	0.77		HGOFX
	MGAFX	ARTSX	PRNHX	VGIAX	SRGAX	UPDDX	HGOFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco International 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 International'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
MGAFX	0.47	(0.03)	(0.11)	0.02	0.70	(0.48)	1.04	(1.23)	3.95
ARTSX	1.03	0.05	0.01	0.17	1.31	(1.03)	2.14	(2.19)	6.98
PRNHX	0.87	0.04	0.00	0.17	1.19	(0.90)	1.80	(1.60)	7.56
VGIAX	0.67	0.04	(0.02)	0.19	0.99	(0.68)	1.29	(1.60)	6.04
SRGAX	0.46	(0.02)	(0.10)	0.02	0.68	(0.51)	0.89	(1.03)	4.19
UPDDX	1.54	0.13	0.02	1.15	2.32	(1.59)	3.22	(3.02)	15.30
HGOFX	0.99	0.11	0.03	0.37	1.40	(0.98)	1.99	(2.30)	6.57

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC