Invesco Short Correlations

STBAX Fund

USD 8.15 0.01 0.12%

The current 90-days correlation between Invesco Short Term and Flkypx is 0.08 (i.e., Significant diversification). 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 Short Correlation With Market

Good diversification

The correlation between Invesco Short Term and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Short Term and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Invesco Short Term. 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 nation.

Moving together with Invesco Mutual Fund

0.84	AMHYX	Invesco High Yield	Pair Corr
0.9	OSICX	Oppenheimer Strategic	Pair Corr
0.85	HYIFX	Invesco High Yield	Pair Corr
0.85	HYINX	Invesco High Yield	Pair Corr
0.85	ILAAX	Invesco Income Allocation	Pair Corr
0.81	BRCNX	Invesco Balanced Risk	Pair Corr
0.79	BRCCX	Invesco Balanced Risk	Pair Corr
0.8	BRCAX	Invesco Balanced Risk	Pair Corr
0.81	BRCYX	Invesco Balanced Risk	Pair Corr
0.89	EMLDX	Invesco Emerging Markets	Pair Corr
0.69	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.68	OCCIX	Oppenheimer Cnsrvtv	Pair Corr
0.94	STBCX	Invesco Short Term	Pair Corr
0.69	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.95	STBYX	Invesco Short Term	Pair Corr
0.91	STBRX	Invesco Short Term	Pair Corr
0.67	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.61	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr

Moving against Invesco Mutual Fund

0.64	OSMCX	Oppenheimer International	Pair Corr
0.6	OSMAX	Oppenheimer International	Pair Corr
0.63	INGFX	Invesco Oppenheimer	Pair Corr
0.36	INDFX	Invesco International	Pair Corr

Related Correlations Analysis

	FLKYPX	FABWX	CPUCX	FTUFOX	FUHKBX	LMUSX	IAADX
FLKYPX		0.44	0.5	0.24	0.35	0.61	-0.14	FLKYPX
FABWX	0.44		0.15	-0.14	0.87	0.78	0.77	FABWX
CPUCX	0.5	0.15		0.79	0.19	0.19	-0.08	CPUCX
FTUFOX	0.24	-0.14	0.79		-0.01	-0.2	-0.3	FTUFOX
FUHKBX	0.35	0.87	0.19	-0.01		0.64	0.65	FUHKBX
LMUSX	0.61	0.78	0.19	-0.2	0.64		0.5	LMUSX
IAADX	-0.14	0.77	-0.08	-0.3	0.65	0.5		IAADX
	FLKYPX	FABWX	CPUCX	FTUFOX	FUHKBX	LMUSX	IAADX

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

FUHKBX	+ 0.87	FABWX
FTUFOX	+ 0.79	CPUCX
LMUSX	+ 0.78	FABWX
IAADX	+ 0.77	FABWX
IAADX	+ 0.65	FUHKBX
LMUSX	+ 0.64	FUHKBX

High negative correlations

IAADX	- 0.3	FTUFOX
LMUSX	- 0.2	FTUFOX
FTUFOX	- 0.14	FABWX
IAADX	- 0.14	FLKYPX
IAADX	- 0.08	CPUCX
FUHKBX	- 0.01	FTUFOX

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
FLKYPX	0.83	(0.06)	(0.04)	0.02	1.21	(0.77)	1.37	(2.11)	4.68
FABWX	0.64	0.02	0.02	0.10	0.96	(0.63)	1.22	(1.48)	4.04
CPUCX	0.16	0.00	(0.33)	(0.04)	0.16	(0.19)	0.32	(0.32)	0.75
FTUFOX	0.06	(0.01)	(1.00)	(0.74)	0.05	(0.06)	0.13	(0.11)	0.34
FUHKBX	0.56	(0.01)	(0.03)	0.06	0.82	(0.60)	1.18	(0.97)	4.66
LMUSX	0.63	(0.05)	(0.04)	0.03	1.04	(0.54)	1.25	(1.58)	4.75
IAADX	0.16	0.04	(0.17)	(0.82)	0.00	(0.23)	0.42	(0.21)	1.27

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