Invesco Low Correlations

SCIUX Fund

USD 12.25 0.02 0.16%

The correlation of Invesco Low 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 Low Correlation With Market

Very poor diversification

The correlation between Invesco Low Volatility and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Low Volatility and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Invesco Low Volatility. 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 private.

Moving together with Invesco Mutual Fund

0.77	OARDX	Oppenheimer Rising	Pair Corr
0.9	AMHYX	Invesco High Yield	Pair Corr
0.77	OSICX	Oppenheimer Strategic	Pair Corr
0.62	OSMCX	Oppenheimer International	Pair Corr
0.88	HYIFX	Invesco High Yield	Pair Corr
0.89	HYINX	Invesco High Yield	Pair Corr
0.76	ILAAX	Invesco Income Allocation	Pair Corr
0.68	BRCRX	Invesco Balanced Risk	Pair Corr
0.75	BRCNX	Invesco Balanced Risk	Pair Corr
0.74	BRCCX	Invesco Balanced Risk	Pair Corr
0.75	BRCYX	Invesco Balanced Risk	Pair Corr
0.73	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.89	OCCIX	Oppenheimer Cnsrvtv	Pair Corr
0.73	STBAX	Invesco Short Term	Pair Corr
0.74	STBCX	Invesco Short Term	Pair Corr
0.61	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.61	STBYX	Invesco Short Term	Pair Corr
0.61	STBRX	Invesco Short Term	Pair Corr
0.62	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.62	MLPEX	Steelpath Select	Pair Corr
0.62	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr

Moving against Invesco Mutual Fund

0.54	INGFX	Invesco Oppenheimer	Pair Corr
0.43	INDFX	Invesco International	Pair Corr

Related Correlations Analysis

	AMFAX	CSQIX	ABYIX	TIIHX	ABNAX	FIFGX	ANBIX
AMFAX		0.09	0.57	0.0	0.09	-0.04	0.11	AMFAX
CSQIX	0.09		0.12	-0.07	-0.26	0.39	-0.05	CSQIX
ABYIX	0.57	0.12		0.05	0.28	-0.17	0.3	ABYIX
TIIHX	0.0	-0.07	0.05		0.83	-0.24	0.88	TIIHX
ABNAX	0.09	-0.26	0.28	0.83		-0.46	0.93	ABNAX
FIFGX	-0.04	0.39	-0.17	-0.24	-0.46		-0.37	FIFGX
ANBIX	0.11	-0.05	0.3	0.88	0.93	-0.37		ANBIX
	AMFAX	CSQIX	ABYIX	TIIHX	ABNAX	FIFGX	ANBIX

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

ANBIX	+ 0.93	ABNAX
ANBIX	+ 0.88	TIIHX
ABNAX	+ 0.83	TIIHX
ABYIX	+ 0.57	AMFAX
FIFGX	+ 0.39	CSQIX
ANBIX	+ 0.3	ABYIX

High negative correlations

FIFGX	- 0.46	ABNAX
ANBIX	- 0.37	FIFGX
ABNAX	- 0.26	CSQIX
FIFGX	- 0.24	TIIHX
FIFGX	- 0.17	ABYIX
TIIHX	- 0.07	CSQIX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Low 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 Low'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
AMFAX	0.66	0.03	(0.03)	0.31	0.79	(0.72)	1.22	(1.46)	3.63
CSQIX	0.34	(0.02)	(0.15)	0.00	0.38	(0.39)	0.86	(0.62)	1.72
ABYIX	0.41	0.00	(0.08)	0.07	0.48	(0.46)	0.92	(1.00)	2.56
TIIHX	0.10	(0.01)	(0.49)	(0.31)	0.09	(0.16)	0.19	(0.19)	0.65
ABNAX	0.07	(0.01)	0.00	(0.64)	0.00	0.00	0.10	(0.09)	0.47
FIFGX	0.80	(0.04)	0.00	(0.07)	0.00	0.00	1.56	(1.59)	3.67
ANBIX	0.07	(0.01)	(0.69)	(0.33)	0.06	(0.11)	0.19	(0.10)	0.48

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