Invesco Short Correlations

STBAX Fund

USD 8.06 0.01 0.12%

The current 90-days correlation between Invesco Short Term and Vanguard Short Term Bond is 0.72 (i.e., Poor diversification). The correlation of Invesco Short 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 Short Correlation With Market

Good diversification

The correlation between Invesco Short Term and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Short Term 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 Short Term. 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

0.7	VMICX	Invesco Municipal Income	Pair Corr
0.72	VMINX	Invesco Municipal Income	Pair Corr
0.76	VMIIX	Invesco Municipal Income	Pair Corr
0.7	AMHYX	Invesco High Yield	Pair Corr
0.71	HYIFX	Invesco High Yield	Pair Corr
0.7	HYINX	Invesco High Yield	Pair Corr
0.65	ILAAX	Invesco Income Allocation	Pair Corr
0.61	PXCCX	Invesco Select Risk	Pair Corr
0.67	OCACX	Oppenheimer Roc Ca	Pair Corr
0.99	STBCX	Invesco Short Term	Pair Corr
0.98	STBYX	Invesco Short Term	Pair Corr
0.93	STBRX	Invesco Short Term	Pair Corr

Related Correlations Analysis

	VBIRX	VFSUX	VFSIX	VFSTX	VBITX	VBISX	VSCSX	LDLAX
VBIRX		0.9	0.87	0.87	0.89	0.89	0.9	0.71	VBIRX
VFSUX	0.9		0.91	0.9	0.82	0.82	0.91	0.82	VFSUX
VFSIX	0.87	0.91		1.0	0.93	0.93	0.96	0.76	VFSIX
VFSTX	0.87	0.9	1.0		0.95	0.95	0.96	0.73	VFSTX
VBITX	0.89	0.82	0.93	0.95		1.0	0.92	0.54	VBITX
VBISX	0.89	0.82	0.93	0.95	1.0		0.92	0.54	VBISX
VSCSX	0.9	0.91	0.96	0.96	0.92	0.92		0.76	VSCSX
LDLAX	0.71	0.82	0.76	0.73	0.54	0.54	0.76		LDLAX
	VBIRX	VFSUX	VFSIX	VFSTX	VBITX	VBISX	VSCSX	LDLAX

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Short 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 Short'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
VBIRX	0.12	(0.01)	(0.61)	(0.65)	0.12	(0.15)	0.20	(0.20)	0.78
VFSUX	0.11	0.00	(0.50)	0.16	0.11	(0.14)	0.19	(0.19)	0.77
VFSIX	0.12	0.00	(0.51)	0.15	0.12	(0.15)	0.19	(0.19)	0.77
VFSTX	0.12	0.00	(0.51)	0.13	0.12	(0.15)	0.19	(0.19)	0.77
VBITX	0.12	(0.01)	0.00	0.31	0.00	0.00	0.29	(0.20)	0.78
VBISX	0.12	(0.01)	0.00	0.34	0.00	0.00	0.20	(0.20)	0.78
VSCSX	0.10	0.00	(0.61)	0.52	0.09	(0.12)	0.19	(0.19)	0.70
LDLAX	0.10	0.00	(0.31)	0.13	0.02	(0.26)	0.26	(0.26)	0.52

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Invesco Short Correlations

Invesco Short Correlation With Market

Good diversification

Moving together with Invesco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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