Vy Invesco Correlations
| IUASX Fund | USD 33.57 0.01 0.06% |
The correlation of Vy Invesco 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.
IUASX |
Moving together with IUASX Mutual Fund
| 0.97 | ABALX | American Balanced | PairCorr |
| 0.96 | BALCX | American Balanced | PairCorr |
| 0.97 | BALFX | American Balanced | PairCorr |
| 0.95 | FBONX | American Funds American | PairCorr |
| 0.95 | FBAFX | American Funds American | PairCorr |
| 0.95 | RLBCX | American Balanced | PairCorr |
| 0.95 | RLBBX | American Balanced | PairCorr |
| 0.97 | CLBAX | American Balanced | PairCorr |
| 0.95 | CLBEX | American Balanced | PairCorr |
| 0.95 | RLBFX | American Balanced | PairCorr |
| 0.77 | ASG | Liberty All Star | PairCorr |
| 0.8 | ETV | Eaton Vance Tax | PairCorr |
| 0.72 | CLM | Cornerstone Strategic | PairCorr |
| 0.78 | CRF | Cornerstone Total Return Potential Growth | PairCorr |
| 0.79 | USA | Liberty All Star | PairCorr |
| 0.75 | NFJ | Virtus Dividend Interest | PairCorr |
| 0.75 | LMISX | Qs Large Cap | PairCorr |
| 0.69 | EMSLX | Shelton Emerging Markets | PairCorr |
| 0.68 | INTC | Intel Aggressive Push | PairCorr |
| 0.79 | BA | Boeing | PairCorr |
| 0.64 | CVX | Chevron Corp | PairCorr |
Moving against IUASX Mutual Fund
| 0.45 | IFN | India Closed | PairCorr |
| 0.33 | IIF | Morgan Stanley India | PairCorr |
| 0.44 | HPQ | HP Inc | PairCorr |
| 0.4 | T | ATT Inc Earnings Call Tomorrow | PairCorr |
| 0.39 | TRV | The Travelers Companies | PairCorr |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between IUASX Mutual Fund performing well and Vy Invesco 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 Vy Invesco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BCHIX | 0.08 | 0.00 | (0.21) | (0.38) | 0.00 | 0.21 | 0.83 | |||
| TAHYX | 0.12 | 0.01 | (0.18) | 1.95 | 0.00 | 0.23 | 0.80 | |||
| LHYOX | 0.15 | 0.02 | (0.11) | 10.42 | 0.00 | 0.32 | 1.11 | |||
| GMOZX | 0.09 | 0.01 | (0.19) | 0.11 | 0.00 | 0.23 | 0.71 | |||
| BHYRX | 0.12 | 0.01 | (0.14) | 0.13 | 0.00 | 0.28 | 0.84 | |||
| MRHYX | 0.08 | 0.01 | (0.16) | 0.50 | 0.00 | 0.24 | 0.47 | |||
| TIHPX | 0.11 | 0.02 | (0.14) | 2.57 | 0.00 | 0.34 | 0.91 |