Invesco Rochester Correlations

Mutual Funds . USA . 
Fund . Invesco Rochester New
IORUX Fund  USD 14.51  0.01  0.07%   
The current 90-days correlation between Invesco Rochester New and Invesco High Yield is 0.44 (i.e., Very weak diversification). The correlation of Invesco Rochester 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 Rochester Correlation With Market

Very weak diversification

The correlation between Invesco Rochester New and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Rochester New 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 Rochester New. 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 population.

Moving together with Invesco Mutual Fund

  0.97VMICX Invesco Municipal IncomePairCorr
  0.96VMINX Invesco Municipal IncomePairCorr
  0.96VMIIX Invesco Municipal IncomePairCorr
  0.63EMLDX Invesco Emerging MarketsPairCorr
  0.95OCACX Oppenheimer Roc CaPairCorr
  0.69STBAX Invesco Short TermPairCorr
  0.61STBCX Invesco Short TermPairCorr
  0.71MLPRX Oppenheimer Steelpath MlpPairCorr
  0.64STBYX Invesco Short TermPairCorr
  0.62STBRX Invesco Short TermPairCorr
  0.69MLPDX Oppenheimer Steelpath MlpPairCorr
  0.68MLPAX Oppenheimer Steelpath MlpPairCorr
  0.69MLPGX Oppenheimer Steelpath MlpPairCorr
  0.68MLPFX Oppenheimer Steelpath MlpPairCorr
  0.69MLPEX Steelpath SelectPairCorr
  0.7MLPMX Oppenheimer Steelpath MlpPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Rochester 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 Rochester'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VMICX  0.08  0.00 (0.23) 0.62  0.03 
(0.13)
 0.26 
(0.17)
 0.77 
VMINX  0.08  0.01 (0.22) 0.77  0.00 
(0.14)
 0.17 
(0.09)
 0.86 
VMIIX  0.09  0.01 (0.26) 1.04  0.00 
(0.16)
 0.26 
(0.17)
 0.86 
OARDX  0.62  0.16  0.13 (0.90) 0.52 
(0.72)
 1.05 
(1.17)
 10.42 
AMHYX  0.11  0.02 (0.12) 1.74  0.00 
(0.36)
 0.29 
(0.28)
 0.85 
OSICX  0.20  0.03 (0.06) 4.89  0.00 
(0.37)
 0.61 
(0.31)
 1.24 
OSMAX  0.60  0.03 (0.03) 2.34  0.71 
(0.63)
 1.17 
(1.29)
 3.78 
OSMCX  1.12  0.39  0.58  0.29  0.00 
(1.52)
 1.26 
(1.30)
 31.37 
HYIFX  0.13  0.02 (0.11) 0.22  0.00 
(0.34)
 0.29 
(0.28)
 1.14 
HYINX  0.12  0.02 (0.11) 0.27  0.00 
(0.35)
 0.29 
(0.28)
 1.14 

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
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY