Invesco Select Correlations

PXGGX Fund

USD 16.40 0.09 0.55%

The current 90-days correlation between Invesco Select Risk and Franklin Gold Precious is 0.02 (i.e., Significant diversification). The correlation of Invesco Select 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 Select Correlation With Market

Very poor diversification

The correlation between Invesco Select Risk and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Select Risk and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco Select Risk. 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 rate.

Moving together with Invesco Mutual Fund

0.68	VMINX	Invesco Municipal Income	Pair Corr
0.96	OARDX	Oppenheimer Rising	Pair Corr
0.84	AMHYX	Invesco High Yield	Pair Corr
0.62	OSICX	Oppenheimer Strategic	Pair Corr
0.84	HYINX	Invesco High Yield	Pair Corr
0.96	ILAAX	Invesco Income Allocation	Pair Corr
0.92	PXCCX	Invesco Select Risk	Pair Corr
0.65	PXCIX	Invesco Select Risk	Pair Corr
0.74	OTFCX	Oppenheimer Target	Pair Corr
0.73	PXMQX	Invesco Select Risk	Pair Corr
0.99	PXMSX	Invesco Select Risk	Pair Corr
0.94	DIGGX	Invesco Discovery	Pair Corr
1.0	PXMMX	Invesco Select Risk	Pair Corr
0.74	PXQIX	Invesco Select Risk	Pair Corr
0.7	OCACX	Oppenheimer Roc Ca	Pair Corr
1.0	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.65	OCCIX	Oppenheimer Cnsrvtv	Pair Corr

Related Correlations Analysis

	FRGOX	SGDIX	EPGFX	QGLDX	OGMCX	GCEBX	GLDAX
FRGOX		0.99	0.96	0.87	0.91	0.65	0.98	FRGOX
SGDIX	0.99		0.94	0.88	0.89	0.66	0.97	SGDIX
EPGFX	0.96	0.94		0.72	0.9	0.44	0.94	EPGFX
QGLDX	0.87	0.88	0.72		0.82	0.87	0.87	QGLDX
OGMCX	0.91	0.89	0.9	0.82		0.55	0.91	OGMCX
GCEBX	0.65	0.66	0.44	0.87	0.55		0.68	GCEBX
GLDAX	0.98	0.97	0.94	0.87	0.91	0.68		GLDAX
	FRGOX	SGDIX	EPGFX	QGLDX	OGMCX	GCEBX	GLDAX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Select 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 Select'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
FRGOX	1.88	0.52	0.18	1.90	2.21	(2.10)	4.14	(4.06)	11.80
SGDIX	1.72	0.42	0.13	0.99	2.28	(1.72)	3.48	(3.85)	11.70
EPGFX	1.69	0.39	0.13	1.11	2.31	(1.78)	3.61	(3.82)	11.04
QGLDX	0.99	0.30	0.15	1.86	1.39	(1.11)	2.41	(1.88)	9.86
OGMCX	1.74	0.39	0.13	0.52	2.37	(1.73)	4.23	(3.95)	12.07
GCEBX	0.71	0.19	0.14	(2.16)	0.77	(0.83)	1.74	(0.97)	6.22
GLDAX	1.83	0.51	0.16	1.40	2.36	(1.93)	3.92	(3.85)	12.15

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Invesco Select Correlations

Invesco Select Correlation With Market

Very poor diversification

Moving together with Invesco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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