Invesco Select Correlations

PXMQX Fund

USD 12.31 0.07 0.57%

The current 90-days correlation between Invesco Select Risk and Fidelity Advisor Financial is 0.43 (i.e., Very weak 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

Poor diversification

The correlation between Invesco Select Risk and DJI is 0.62 (i.e., 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 main economic indicators.

Moving together with Invesco Mutual Fund

0.92	PXCCX	Invesco Select Risk	Pair Corr
0.92	PXCIX	Invesco Select Risk	Pair Corr
0.99	PXGGX	Invesco Select Risk	Pair Corr
1.0	PXMSX	Invesco Select Risk	Pair Corr
0.97	DIGGX	Invesco Discovery	Pair Corr
1.0	PXMMX	Invesco Select Risk	Pair Corr
0.99	PXQIX	Invesco Select Risk	Pair Corr

Moving against Invesco Mutual Fund

0.48	BRCCX	Invesco Balanced Risk	Pair Corr
0.47	BRCRX	Invesco Balanced Risk	Pair Corr
0.46	BRCNX	Invesco Balanced Risk	Pair Corr
0.46	BRCAX	Invesco Balanced Risk	Pair Corr
0.44	OSMCX	Oppenheimer International	Pair Corr
0.43	OSMAX	Oppenheimer International	Pair Corr
0.34	OARDX	Oppenheimer Rising	Pair Corr
0.67	OTFCX	Oppenheimer Target	Pair Corr
0.46	BRCYX	Invesco Balanced Risk	Pair Corr
0.38	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.38	OCRDX	Oppenheimer Rising	Pair Corr

Related Correlations Analysis

	FAFDX	FNPIX	ICFAX	FIDAX	IAAEX	FTIXX	XFINX	PGFMX
FAFDX		0.94	0.87	-0.82	-0.77	0.0	0.48	-0.45	FAFDX
FNPIX	0.94		0.87	-0.64	-0.57	0.0	0.58	-0.3	FNPIX
ICFAX	0.87	0.87		-0.5	-0.44	0.0	0.66	-0.2	ICFAX
FIDAX	-0.82	-0.64	-0.5		0.98	0.0	-0.05	0.65	FIDAX
IAAEX	-0.77	-0.57	-0.44	0.98		0.0	-0.05	0.68	IAAEX
FTIXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FTIXX
XFINX	0.48	0.58	0.66	-0.05	-0.05	0.0		0.03	XFINX
PGFMX	-0.45	-0.3	-0.2	0.65	0.68	0.0	0.03		PGFMX
	FAFDX	FNPIX	ICFAX	FIDAX	IAAEX	FTIXX	XFINX	PGFMX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IAAEX	+ 0.98	FIDAX
FNPIX	+ 0.94	FAFDX
ICFAX	+ 0.87	FAFDX
ICFAX	+ 0.87	FNPIX
PGFMX	+ 0.68	IAAEX
XFINX	+ 0.66	ICFAX

High negative correlations

FIDAX	- 0.82	FAFDX
IAAEX	- 0.77	FAFDX
FIDAX	- 0.64	FNPIX
IAAEX	- 0.57	FNPIX
FIDAX	- 0.5	ICFAX
PGFMX	- 0.45	FAFDX

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
FAFDX	0.79	0.10	0.09	0.18	0.91	(0.86)	1.78	(1.67)	7.84
FNPIX	1.04	(0.05)	(0.01)	0.05	1.47	(1.03)	1.85	(2.56)	5.80
ICFAX	0.90	0.15	0.19	0.23	0.50	(1.26)	1.66	(1.16)	14.40
FIDAX	1.35	(0.45)	0.00	(0.46)	0.00	0.00	1.81	(2.44)	33.76
IAAEX	0.92	(0.22)	0.00	(0.20)	0.00	0.00	1.77	(1.42)	17.19
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XFINX	0.15	(0.01)	(0.25)	(0.03)	0.27	(0.15)	0.22	(0.43)	1.44
PGFMX	0.35	(0.05)	0.00	(0.06)	0.00	0.00	0.62	(0.63)	3.71

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC