Invesco Diversified Correlations

LCEAX Fund

USD 20.73 0.01 0.05%

The current 90-days correlation between Invesco Diversified and Barings Global Floating is 0.22 (i.e., Modest diversification). The correlation of Invesco Diversified 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 Diversified Correlation With Market

Almost no diversification

The correlation between Invesco Diversified Dividend and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Diversified Dividend and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Invesco Diversified Dividend. 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

0.97	OARDX	Oppenheimer Rising	Pair Corr
0.72	AMHYX	Invesco High Yield	Pair Corr
0.8	PXMQX	Invesco Select Risk	Pair Corr
0.81	PXMMX	Invesco Select Risk	Pair Corr
0.82	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.83	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.91	MLPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.9	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.9	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.97	OCRDX	Oppenheimer Rising	Pair Corr
0.95	SCAYX	Invesco Low Volatility	Pair Corr
0.99	FSIUX	Invesco Dividend Income	Pair Corr
0.81	FSTEX	Invesco Energy	Pair Corr
0.99	FSTUX	Invesco Dividend Income	Pair Corr
0.95	FTCHX	Invesco Technology	Pair Corr
0.98	CGRWX	Oppenheimer Value	Pair Corr
0.96	CHFTX	Invesco Charter	Pair Corr
0.96	CHTYX	Invesco Charter	Pair Corr
0.97	VADDX	Invesco Equally-weighted	Pair Corr
0.93	VAFFX	Invesco American Fra	Pair Corr
0.87	AAESX	Invesco Growth Allocation	Pair Corr

Moving against Invesco Mutual Fund

0.63	EMLDX	Invesco Emerging Markets	Pair Corr
0.54	OSICX	Oppenheimer Strategic	Pair Corr
0.45	INBQX	Aim Investment Funds	Pair Corr
0.7	GGHYX	Invesco Global Health	Pair Corr

Related Correlations Analysis

	BXFIX	APDPX	MGKAX	RPGIX	BCGDX	PAGLX	USLUX
BXFIX		0.93	0.24	0.51	0.14	0.69	0.66	BXFIX
APDPX	0.93		0.32	0.49	0.13	0.73	0.72	APDPX
MGKAX	0.24	0.32		0.51	0.5	0.59	0.49	MGKAX
RPGIX	0.51	0.49	0.51		0.69	0.85	0.82	RPGIX
BCGDX	0.14	0.13	0.5	0.69		0.71	0.43	BCGDX
PAGLX	0.69	0.73	0.59	0.85	0.71		0.81	PAGLX
USLUX	0.66	0.72	0.49	0.82	0.43	0.81		USLUX
	BXFIX	APDPX	MGKAX	RPGIX	BCGDX	PAGLX	USLUX

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Diversified 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 Diversified'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
BXFIX	0.07	0.02	0.00	1.76	0.00	0.00	0.12	(0.11)	0.81
APDPX	0.09	0.04	(0.75)	(6.27)	0.00	(0.14)	0.20	(0.10)	0.40
MGKAX	0.72	(0.08)	(0.12)	0.01	0.89	(0.70)	1.39	(1.20)	3.63
RPGIX	0.72	0.04	(0.08)	(0.93)	1.02	(0.70)	1.40	(1.57)	4.64
BCGDX	0.48	(0.07)	(0.18)	0.00	0.63	(0.49)	0.82	(1.10)	2.50
PAGLX	0.52	(0.03)	(0.09)	0.07	0.69	(0.53)	1.14	(1.28)	3.68
USLUX	0.76	0.06	(0.08)	(0.25)	0.88	(0.81)	1.79	(1.59)	5.91

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