Invesco Active Correlations

PAAJX Fund

USD 14.75 0.01 0.07%

The current 90-days correlation between Invesco Active Allocation and Rbc Ultra Short Fixed is -0.01 (i.e., Good diversification). The correlation of Invesco Active 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 Active Correlation With Market

Significant diversification

The correlation between Invesco Active Allocation and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Active Allocation and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco Active 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 inflation.

Moving together with Invesco Mutual Fund

0.65	FFIFX	American Funds	Pair Corr
0.65	FAIFX	American Funds	Pair Corr
0.71	IFACX	Income Fund	Pair Corr
0.64	IFAFX	Income Fund	Pair Corr
0.72	AMECX	Income Fund	Pair Corr
0.71	RIDBX	Income Fund	Pair Corr
0.72	CIMEX	Income Fund	Pair Corr
0.72	RIDFX	Income Fund	Pair Corr
0.71	CIMCX	Income Fund	Pair Corr
0.72	CIMFX	Income Fund	Pair Corr
0.68	ASG	Liberty All Star	Pair Corr
0.75	CII	Blackrock Enhanced	Pair Corr
0.71	ETV	Eaton Vance Tax	Pair Corr
0.62	CLM	Cornerstone Strategic	Pair Corr
0.62	CRF	Cornerstone Strategic	Pair Corr
0.75	USA	Liberty All Star	Pair Corr
0.72	ETY	Eaton Vance Tax	Pair Corr
0.66	NFJ	Virtus Dividend Interest	Pair Corr
0.68	GAB	Gabelli Equity Trust	Pair Corr
0.89	TEGYX	Mid Cap Growth	Pair Corr
0.75	FSRBX	Banking Portfolio Banking	Pair Corr
0.92	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.84	PRDSX	T Rowe Price	Pair Corr
0.62	WMT	Walmart Aggressive Push	Pair Corr
0.62	DIS	Walt Disney Aggressive Push	Pair Corr
0.7	HPQ	HP Inc	Pair Corr
0.74	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Invesco Mutual Fund

0.53	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.52	KO	Coca Cola Aggressive Push	Pair Corr
0.46	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.43	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	RUSIX	BBINX	MFIRX	PRVBX	TTRBX	ANAZX	IOBZX	VWALX
RUSIX		-0.2	0.24	0.59	-0.42	-0.55	0.78	-0.05	RUSIX
BBINX	-0.2		0.65	0.23	0.86	0.83	0.19	0.98	BBINX
MFIRX	0.24	0.65		0.78	0.65	0.56	0.68	0.72	MFIRX
PRVBX	0.59	0.23	0.78		0.24	0.09	0.87	0.34	PRVBX
TTRBX	-0.42	0.86	0.65	0.24		0.97	0.0	0.78	TTRBX
ANAZX	-0.55	0.83	0.56	0.09	0.97		-0.14	0.73	ANAZX
IOBZX	0.78	0.19	0.68	0.87	0.0	-0.14		0.34	IOBZX
VWALX	-0.05	0.98	0.72	0.34	0.78	0.73	0.34		VWALX
	RUSIX	BBINX	MFIRX	PRVBX	TTRBX	ANAZX	IOBZX	VWALX

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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

VWALX	+ 0.98	BBINX
ANAZX	+ 0.97	TTRBX
IOBZX	+ 0.87	PRVBX
TTRBX	+ 0.86	BBINX
ANAZX	+ 0.83	BBINX
IOBZX	+ 0.78	RUSIX

High negative correlations

ANAZX	- 0.55	RUSIX
TTRBX	- 0.42	RUSIX
BBINX	- 0.2	RUSIX
IOBZX	- 0.14	ANAZX
VWALX	- 0.05	RUSIX
IOBZX	- 0.0	TTRBX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Active 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 Active'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
RUSIX	0.04	0.01	0.00	(1.06)	0.00	0.00	0.10	0.00	0.50
BBINX	0.11	(0.01)	(0.43)	(0.13)	0.15	(0.19)	0.29	(0.29)	1.07
MFIRX	0.09	0.00	(0.51)	0.13	0.00	(0.24)	0.19	(0.19)	0.76
PRVBX	0.09	0.00	(0.93)	0.33	0.00	(0.10)	0.20	(0.20)	0.53
TTRBX	0.13	(0.01)	(0.61)	(0.37)	0.16	(0.17)	0.30	(0.30)	0.70
ANAZX	0.18	(0.02)	0.00	(0.70)	0.00	0.00	0.29	(0.29)	1.01
IOBZX	0.09	0.01	(0.65)	0.58	0.00	(0.14)	0.23	(0.23)	0.46
VWALX	0.16	0.00	(0.27)	0.08	0.25	(0.22)	0.37	(0.37)	1.68

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