Invesco Equity Correlations

Mutual Funds . USA . 
Fund . Invesco Equity And
ACEKX Fund  USD 11.26  0.02  0.18%   
The current 90-days correlation between Invesco Equity And and Touchstone International Equity is 0.82 (i.e., Very poor diversification). The correlation of Invesco Equity 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 Equity Correlation With Market

Poor diversification

The correlation between Invesco Equity And and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Equity And and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Invesco Equity And. 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 state.

Moving together with Invesco Mutual Fund

  0.97OARDX Oppenheimer RisingPairCorr
  0.85AMHYX Invesco High YieldPairCorr
  0.88OSICX Oppenheimer StrategicPairCorr
  0.96OSMAX Oppenheimer InternationalPairCorr
  0.98OSMCX Oppenheimer InternationalPairCorr
  0.84HYIFX Invesco High YieldPairCorr
  0.85HYINX Invesco High YieldPairCorr
  0.92ILAAX Invesco Income AllocationPairCorr
  0.85PXCCX Invesco Select RiskPairCorr
  0.88BRCRX Invesco Balanced RiskPairCorr
  0.87BRCNX Invesco Balanced RiskPairCorr
  0.85PXCIX Invesco Select RiskPairCorr
  0.88BRCCX Invesco Balanced RiskPairCorr
  0.86BRCAX Invesco Balanced RiskPairCorr
  0.87BRCYX Invesco Balanced RiskPairCorr
  0.92PXGGX Invesco Select RiskPairCorr
  0.83OTFCX Oppenheimer TargetPairCorr
  0.86EMLDX Invesco Emerging MarketsPairCorr
  0.92PXMQX Invesco Select RiskPairCorr
  0.86PXMSX Invesco Select RiskPairCorr
  0.91DIGGX Invesco DiscoveryPairCorr
  0.92PXMMX Invesco Select RiskPairCorr
  0.92PXQIX Invesco Select RiskPairCorr
  0.92OCAIX Oppenheimer AggrssvPairCorr
  0.81OCCIX Oppenheimer CnsrvtvPairCorr
  0.9STBAX Invesco Short TermPairCorr
  0.89STBCX Invesco Short TermPairCorr
  0.65MLPRX Oppenheimer Steelpath MlpPairCorr
  0.91STBYX Invesco Short TermPairCorr
  0.88STBRX Invesco Short TermPairCorr
  0.66MLPDX Oppenheimer Steelpath MlpPairCorr
  0.7MLPAX Oppenheimer Steelpath MlpPairCorr
  0.69MLPGX Oppenheimer Steelpath MlpPairCorr
  0.73MLPFX Oppenheimer Steelpath MlpPairCorr
  0.72MLPEX Steelpath SelectPairCorr
  0.68MLPMX Oppenheimer Steelpath MlpPairCorr

Moving against Invesco Mutual Fund

  0.87INGFX Invesco OppenheimerPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Equity 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 Equity'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.

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