Invesco Small Correlations

VSMCX Fund

USD 9.74 0.01 0.10%

The current 90-days correlation between Invesco Small Cap and Qs Growth Fund is 0.01 (i.e., Significant diversification). The correlation of Invesco Small 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 Small Correlation With Market

Significant diversification

The correlation between Invesco Small Cap 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 Small Cap 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 Small Cap. 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 services.

Moving together with Invesco Mutual Fund

0.77	PXCCX	Invesco Select Risk	Pair Corr
0.66	BRCRX	Invesco Balanced Risk	Pair Corr
0.66	BRCNX	Invesco Balanced Risk	Pair Corr
0.77	PXCIX	Invesco Select Risk	Pair Corr
0.67	BRCCX	Invesco Balanced Risk	Pair Corr
0.66	BRCAX	Invesco Balanced Risk	Pair Corr
0.66	BRCYX	Invesco Balanced Risk	Pair Corr
0.72	PXGGX	Invesco Select Risk	Pair Corr
0.89	PXMQX	Invesco Select Risk	Pair Corr
0.76	PXMSX	Invesco Select Risk	Pair Corr
0.75	DIGGX	Invesco Discovery	Pair Corr
0.89	PXMMX	Invesco Select Risk	Pair Corr
0.86	PXQIX	Invesco Select Risk	Pair Corr
0.83	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.89	OCCIX	Oppenheimer Cnsrvtv	Pair Corr

Related Correlations Analysis

	LANIX	ASCLX	STARX	SSHFX	REMVX	TTRBX
LANIX		0.56	0.95	0.71	0.7	0.64	LANIX
ASCLX	0.56		0.63	0.8	0.34	0.46	ASCLX
STARX	0.95	0.63		0.71	0.52	0.56	STARX
SSHFX	0.71	0.8	0.71		0.67	0.79	SSHFX
REMVX	0.7	0.34	0.52	0.67		0.72	REMVX
TTRBX	0.64	0.46	0.56	0.79	0.72		TTRBX
	LANIX	ASCLX	STARX	SSHFX	REMVX	TTRBX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Small 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 Small'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
LANIX	0.53	0.04	(0.03)	0.37	0.80	(0.48)	1.01	(1.21)	3.01
ASCLX	0.58	0.23	0.36	0.49	0.00	(0.75)	0.68	(0.58)	17.14
STARX	0.37	0.02	(0.07)	0.28	0.53	(0.38)	0.78	(0.85)	2.12
SSHFX	0.65	0.06	0.07	0.14	0.70	(0.69)	1.37	(1.29)	3.25
REMVX	0.68	0.04	0.02	0.14	0.78	(0.78)	1.30	(1.08)	4.51
TTRBX	0.10	0.00	(0.50)	0.07	0.00	(0.13)	0.20	(0.20)	0.60

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Invesco Small Correlations

Invesco Small Correlation With Market

Significant diversification

Moving together with Invesco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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