Invesco Gold Correlations
| IOGYX Fund | USD 29.00 0.16 0.55% |
The current 90-days correlation between Invesco Gold Special and First Eagle Gold is 0.18 (i.e., Average diversification). The correlation of Invesco Gold 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 Gold Correlation With Market
Modest diversification
The correlation between Invesco Gold Special and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Gold Special and DJI in the same portfolio, assuming nothing else is changed.
Invesco |
Moving together with Invesco Mutual Fund
| 0.79 | BRCRX | Invesco Balanced Risk | PairCorr |
| 0.71 | BRCNX | Invesco Balanced Risk | PairCorr |
| 0.78 | BRCCX | Invesco Balanced Risk | PairCorr |
| 0.7 | BRCAX | Invesco Balanced Risk | PairCorr |
| 0.71 | BRCYX | Invesco Balanced Risk | PairCorr |
Related Correlations Analysis
| 1.0 | 0.92 | 0.91 | 0.99 | SGGDX | ||
| 1.0 | 0.92 | 0.91 | 0.99 | FEGIX | ||
| 0.92 | 0.92 | 0.95 | 0.92 | FEGOX | ||
| 0.91 | 0.91 | 0.95 | 0.9 | OGMCX | ||
| 0.99 | 0.99 | 0.92 | 0.9 | FIJDX | ||
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Risk-Adjusted Indicators
There is a big difference between Invesco Mutual Fund performing well and Invesco Gold 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 Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGGDX | 1.26 | 0.00 | 0.00 | 0.00 | 0.00 | 2.13 | 8.67 | |||
| FEGIX | 1.26 | (0.02) | 0.00 | (7.71) | 0.00 | 2.12 | 8.67 | |||
| FEGOX | 1.27 | (0.05) | 0.00 | (0.07) | 0.00 | 2.13 | 8.70 | |||
| OGMCX | 1.44 | (0.03) | (0.04) | 0.04 | 1.71 | 2.67 | 8.66 | |||
| FIJDX | 1.30 | (0.04) | 0.00 | (0.71) | 0.00 | 2.67 | 9.76 |