Invesco Comstock Correlations

ACSHX Fund

USD 31.48 0.17 0.54%

The current 90-days correlation between Invesco Comstock and Aew Real Estate is 0.6 (i.e., Poor diversification). The correlation of Invesco Comstock 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 Comstock Correlation With Market

Good diversification

The correlation between Invesco Stock Fund and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Stock Fund 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 Stock Fund. 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

0.92	AWSHX	Washington Mutual	Pair Corr
0.96	VVIAX	Vanguard Value Index	Pair Corr
0.92	RWMAX	Washington Mutual	Pair Corr
0.92	RWMGX	Washington Mutual	Pair Corr
0.78	PMPIX	Precious Metals Ultr	Pair Corr
0.78	PMPSX	Precious Metals Ultr	Pair Corr
0.8	FGPMX	Franklin Gold And	Pair Corr
0.8	FRGOX	Franklin Gold Precious	Pair Corr
0.78	MIDSX	Midas Fund Midas	Pair Corr
0.78	FIJDX	Gold Portfolio Fidelity	Pair Corr
0.72	TRV	The Travelers Companies	Pair Corr
0.71	JPM	JPMorgan Chase	Pair Corr
0.91	DD	Dupont De Nemours	Pair Corr
0.81	AXP	American Express	Pair Corr
0.65	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.71	XOM	Exxon Mobil Corp	Pair Corr
0.75	INTC	Intel	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr

Moving against Invesco Mutual Fund

0.42	DIS	Walt Disney	Pair Corr
0.42	BA	Boeing	Pair Corr
0.31	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	NRCFX	FRIOX	FIKMX	PJEAX	TIREX
NRCFX		0.96	0.95	0.91	0.82	NRCFX
FRIOX	0.96		1.0	0.9	0.78	FRIOX
FIKMX	0.95	1.0		0.88	0.77	FIKMX
PJEAX	0.91	0.9	0.88		0.94	PJEAX
TIREX	0.82	0.78	0.77	0.94		TIREX
	NRCFX	FRIOX	FIKMX	PJEAX	TIREX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Comstock 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 Comstock'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
NRCFX	0.58	0.07	0.02	(0.53)	0.66	(0.63)	1.31	(1.18)	3.43
FRIOX	0.18	0.02	(0.11)	(0.86)	0.01	(0.26)	0.51	(0.33)	1.10
FIKMX	0.19	0.03	(0.09)	(0.68)	0.00	(0.26)	0.49	(0.33)	1.16
PJEAX	0.72	0.05	0.00	(0.73)	0.80	(0.79)	1.66	(1.48)	3.82
TIREX	0.65	0.04	(0.02)	(0.72)	0.70	(0.75)	1.58	(1.41)	3.40

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