Invesco Short Correlations
ISTFX Fund | USD 8.16 0.01 0.12% |
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 |
Moving together with Invesco Mutual Fund
0.89 | VBIRX | Vanguard Short Term | PairCorr |
0.9 | VFSUX | Vanguard Short Term | PairCorr |
0.98 | VFSIX | Vanguard Short Term | PairCorr |
0.98 | VFSTX | Vanguard Short Term | PairCorr |
0.97 | VBITX | Vanguard Short Term | PairCorr |
0.96 | VBISX | Vanguard Short Term | PairCorr |
0.96 | LALDX | Lord Abbett Short | PairCorr |
0.97 | VSCSX | Vanguard Short Term | PairCorr |
0.96 | LDLAX | Lord Abbett Short | PairCorr |
0.95 | LDLRX | Lord Abbett Short | PairCorr |
0.78 | SMPSX | Semiconductor Ultrasector | PairCorr |
0.78 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.88 | FELIX | Fidelity Advisor Sem | PairCorr |
0.89 | ONERX | One Rock Fund | PairCorr |
0.84 | RYVYX | Nasdaq 100 2x | PairCorr |
0.84 | RYVLX | Nasdaq 100 2x | PairCorr |
0.87 | FSELX | Fidelity Select Semi | PairCorr |
0.79 | INTC | Intel | PairCorr |
0.72 | CAT | Caterpillar | PairCorr |
0.75 | AXP | American Express | PairCorr |
0.66 | DD | Dupont De Nemours | PairCorr |
0.68 | BAC | Bank of America | PairCorr |
0.65 | JPM | JPMorgan Chase | PairCorr |
Moving against Invesco Mutual Fund
0.4 | CEE | Central Europe Russia | PairCorr |
0.66 | KO | Coca Cola Earnings Call This Week | PairCorr |
0.61 | BA | Boeing | PairCorr |
0.35 | PG | Procter Gamble Earnings Call This Week | PairCorr |
Related Correlations Analysis
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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ABIMX | 0.16 | 0.09 | 0.24 | (2.97) | 0.00 | 0.43 | 1.07 | |||
BBINX | 0.10 | 0.05 | (0.04) | (1.55) | 0.00 | 0.30 | 0.59 | |||
OWMBX | 0.08 | 0.03 | (0.13) | (2.95) | 0.00 | 0.26 | 0.53 | |||
MSPYX | 0.15 | 0.09 | 0.25 | (2.28) | 0.00 | 0.52 | 1.05 | |||
MDMTX | 0.16 | 0.08 | 0.23 | (1.62) | 0.00 | 0.40 | 0.98 | |||
MSTPX | 0.10 | 0.05 | (0.02) | (2.38) | 0.00 | 0.30 | 0.61 | |||
PCMNX | 0.09 | 0.05 | 0.03 | (1.81) | 0.00 | 0.33 | 0.66 | |||
TIMTX | 0.11 | 0.06 | 0.08 | (2.64) | 0.00 | 0.39 | 0.67 |