Invesco Income Correlations

IIASX Fund  USD 10.69  0.04  0.38%   
The current 90-days correlation between Invesco Income Allocation and Ab Bond Inflation is 0.67 (i.e., Poor diversification). The correlation of Invesco Income 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 Income Correlation With Market

Very weak diversification

The correlation between Invesco Income Allocation and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Income Allocation 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 Income Allocation. 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 state.

Moving together with Invesco Mutual Fund

  0.69VMICX Invesco Municipal IncomePairCorr
  0.7VMINX Invesco Municipal IncomePairCorr
  0.71VMIIX Invesco Municipal IncomePairCorr
  0.82AMHYX Invesco High YieldPairCorr
  1.0ILAAX Invesco Income AllocationPairCorr
  0.76OCAIX Oppenheimer AggrssvPairCorr
  0.9OCCIX Oppenheimer CnsrvtvPairCorr
  0.99OCMIX Oppenheimer ModeratePairCorr
  0.94SCCUX Invesco Low VolatilityPairCorr
  0.93SCIUX Invesco Low VolatilityPairCorr
  0.89VAFAX Invesco American FraPairCorr
  0.66ABRYX Invesco Balanced RiskPairCorr
  0.72ACCZX Invesco Porate BondPairCorr
  0.69ACTHX Invesco High YieldPairCorr
  0.71ACTDX Invesco High YieldPairCorr
  0.99CLIAX Invesco Income AllocationPairCorr
  0.73ITYYX Invesco TechnologyPairCorr
  0.71ITYAX Invesco TechnologyPairCorr
  0.72SMEYX Invesco Small CapPairCorr

Moving against Invesco Mutual Fund

  0.49ACEHX 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   
TIIHXTIILX
TIILXABNOX
TIIHXABNOX
QCILIXTIILX
MFTFXABYIX
QCILIXABNOX
  
High negative correlations   
ABYIXABNOX
ABYIXTIILX
TIIHXABYIX
QCILIXABYIX

Risk-Adjusted Indicators

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