Invesco Floating Correlations

AFRFX Fund

USD 6.31 -0.01 -0.16%

Current 90-days correlation between Invesco Floating Rate and Fidelity Advisor Gold is 0.03 (i.e., Significant diversification).Correlation analysis for Invesco Floating quantifies the degree to which its price movements mirror or diverge from those of related assets. A coefficient near +1 signals strong co-movement, while a coefficient near -1 indicates consistent opposite movement.

Market Correlation - Invesco Floating

Average diversification

Across the chosen horizon, AFRFX and DJI show a correlation of 0.11 and fall into the Average diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Use Trending Equities to better understand diversified portfolio construction. Clearer exposure analysis supports long-term portfolio balance. This includes a position in Invesco Floating Rate in the portfolio view. 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 price.

Moving against Invesco Mutual Fund

0.43	VMINX	Invesco Municipal Income	Pair Corr
0.41	VMICX	Invesco Municipal Income	Pair Corr
0.41	VMIIX	Invesco Municipal Income	Pair Corr
0.34	PXCCX	Invesco Select Risk	Pair Corr
0.33	PXCIX	Invesco Select Risk	Pair Corr
0.54	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.54	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.4	OCACX	Oppenheimer Roc Ca	Pair Corr
0.32	OCCIX	Oppenheimer Cnsrvtv	Pair Corr
0.32	STBYX	Invesco Short Term	Pair Corr
0.59	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.58	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.58	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.58	MLPEX	Steelpath Select	Pair Corr
0.58	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.32	STMUX	Invesco Short Term	Pair Corr

Related Correlations Analysis

	AGGWX	MXKJX	GLRBX	IOGYX	FGDIX
AGGWX		0.91	0.82	1.0	1.0	AGGWX
MXKJX	0.91		0.88	0.91	0.91	MXKJX
GLRBX	0.82	0.88		0.82	0.81	GLRBX
IOGYX	1.0	0.91	0.82		1.0	IOGYX
FGDIX	1.0	0.91	0.81	1.0		FGDIX
	AGGWX	MXKJX	GLRBX	IOGYX	FGDIX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Floating 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 Floating'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
AGGWX	2.14	0.37	0.10	0.31	3.37	-2.16	4.86	-6.28	17.63
MXKJX	0.64	0.10	0.12	0.11	0.65	-0.75	1.56	-1.32	3.82
GLRBX	0.38	0.07	0.15	0.15	0.30	-0.45	0.62	-0.73	4.88
IOGYX	2.01	0.36	0.09	0.31	3.22	-1.91	4.73	-5.97	16.72
FGDIX	2.08	0.38	0.10	0.34	3.41	-2.05	4.93	-6.12	17.37

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Invesco Floating Correlations

Market Correlation - Invesco Floating

Average diversification

Moving against Invesco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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