Invesco Multi-asset Correlations

PIRFX Fund

USD 8.21 0.03 0.37%

The current 90-days correlation between Invesco Multi Asset and Rbc Emerging Markets is 0.5 (i.e., Very weak diversification). The correlation of Invesco Multi-asset 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 Multi-asset Correlation With Market

Poor diversification

The correlation between Invesco Multi Asset Income and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Multi Asset Income 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 Multi Asset Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Invesco Mutual Fund

0.85	VWIAX	Vanguard Wellesley Income	Pair Corr
0.92	VWINX	Vanguard Wellesley Income	Pair Corr
0.96	BKMIX	Blackrock Multi Asset	Pair Corr
0.86	HBLTX	Hartford Balanced	Pair Corr
0.86	HBLRX	Hartford Balanced	Pair Corr
0.86	HBLSX	Hartford Balanced	Pair Corr
0.86	HBLVX	Hartford Balanced	Pair Corr
0.86	HBLFX	Hartford Balanced	Pair Corr
0.86	HBLYX	Hartford Balanced	Pair Corr
0.85	HBLCX	Hartford Balanced	Pair Corr
0.78	LIIAX	Columbia Porate Income	Pair Corr
0.78	SRINX	Columbia Porate Income	Pair Corr
0.88	WRHIX	Ivy High Income	Pair Corr
0.89	WHIAX	Ivy High Income	Pair Corr
0.88	IHIFX	Ivy High Income	Pair Corr
0.89	IVHIX	Ivy High Income	Pair Corr
0.87	RWICX	Capital World Growth	Pair Corr
0.88	TRRVX	T Rowe Price	Pair Corr
0.9	PAUIX	Pimco All Asset	Pair Corr
0.91	PATRX	Pimco All Asset	Pair Corr
0.89	PAUPX	Pimco All Asset	Pair Corr
0.81	AOFAX	Alger Small Cap	Pair Corr
0.98	FFOLX	Fidelity Freedom Index	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.82	BA	Boeing Earnings Call This Week	Pair Corr
0.66	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	ARSKX	PMEGX	WABMSX	FBJYGX	FFCGX	REMVX
ARSKX		0.83	0.86	0.82	0.88	0.93	ARSKX
PMEGX	0.83		0.81	0.82	0.83	0.81	PMEGX
WABMSX	0.86	0.81		0.82	0.99	0.9	WABMSX
FBJYGX	0.82	0.82	0.82		0.84	0.88	FBJYGX
FFCGX	0.88	0.83	0.99	0.84		0.92	FFCGX
REMVX	0.93	0.81	0.9	0.88	0.92		REMVX
	ARSKX	PMEGX	WABMSX	FBJYGX	FFCGX	REMVX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Multi-asset 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 Multi-asset'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
ARSKX	0.80	0.24	0.25	0.53	0.34	(0.98)	1.19	(1.17)	15.87
PMEGX	1.09	0.42	0.45	1.04	0.00	(1.37)	1.61	(1.24)	27.79
WABMSX	0.52	0.00	(0.03)	0.09	0.66	(0.56)	1.05	(1.39)	3.17
FBJYGX	0.52	0.15	0.06	(0.83)	0.48	(0.60)	1.25	(1.04)	3.24
FFCGX	0.52	0.03	0.00	0.14	0.58	(0.54)	1.02	(1.05)	2.84
REMVX	0.57	0.15	0.18	0.37	0.21	(0.76)	1.23	(0.82)	2.95

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Invesco Multi-asset Correlations

Invesco Multi-asset Correlation With Market

Poor diversification

Moving together with Invesco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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