INVESCO SHORT Correlations

STBCX Fund

USD 8.11 -0.01 -0.12%

Current 90-days correlation between Invesco Short Term and Western Asset Short 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. The correlation coefficient ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5.

INVESCO SHORT vs Market Correlation

Weak diversification

Across the chosen horizon, STBCX and DJI show a correlation of 0.36 and fall into the Weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Use World Market Map to better understand diversified portfolio construction. Additional portfolio transparency improves capital positioning. This includes a position in Invesco Short Term across the allocation. 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 services.

Moving together with INVESCO Mutual Fund

0.83	VBIRX	Vanguard Short Term	Pair Corr
0.86	VFSUX	Vanguard Short Term	Pair Corr
0.85	VFSIX	Vanguard Short Term	Pair Corr
0.85	VFSTX	Vanguard Short Term	Pair Corr
0.81	VBITX	Vanguard Short Term	Pair Corr
0.82	VBISX	Vanguard Short Term	Pair Corr
0.77	VSCSX	Vanguard Short Term	Pair Corr
0.8	LALDX	Lord Abbett Short	Pair Corr
0.71	LDLAX	Lord Abbett Short	Pair Corr
0.7	LDLRX	Lord Abbett Short	Pair Corr
0.82	NHS	Neuberger Berman High	Pair Corr
0.77	PFIJX	Strategic Asset	Pair Corr
0.71	GSRHX	Goldman Sachs Real	Pair Corr
0.77	BDVFX	BlackRock Diversified	Pair Corr
0.83	RYVIX	Energy Services	Pair Corr
0.74	SGOIX	First Eagle Overseas	Pair Corr
0.71	BJBHX	Aberdeen Global High	Pair Corr
0.79	SCFZX	PGIM Securitized Credit	Pair Corr
0.8	GIJAX	Guggenheim Municipal	Pair Corr
0.73	SAHMX	Sa International Value	Pair Corr
0.76	DIHRX	Intal High Relative	Pair Corr
0.67	GIXIX	NATIONWIDE INTERNATIONAL	Pair Corr
0.66	NWXSX	NATIONWIDE INTERNATIONAL	Pair Corr
0.67	KMKYX	Kinetics Market	Pair Corr

Related Correlations Analysis

	GTAPX	HUBAX	GTLSX	CMGUX	ATOAX	RPHIX	SUSAX	CIABX
GTAPX		0.62	1.0	0.57	0.59	0.58	0.57	0.56	GTAPX
HUBAX	0.62		0.63	0.92	0.89	0.97	0.95	0.93	HUBAX
GTLSX	1.0	0.63		0.58	0.59	0.58	0.57	0.56	GTLSX
CMGUX	0.57	0.92	0.58		0.94	0.84	0.96	0.95	CMGUX
ATOAX	0.59	0.89	0.59	0.94		0.86	0.93	0.89	ATOAX
RPHIX	0.58	0.97	0.58	0.84	0.86		0.91	0.86	RPHIX
SUSAX	0.57	0.95	0.57	0.96	0.93	0.91		0.91	SUSAX
CIABX	0.56	0.93	0.56	0.95	0.89	0.86	0.91		CIABX
	GTAPX	HUBAX	GTLSX	CMGUX	ATOAX	RPHIX	SUSAX	CIABX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GTAPX	0.72	0.31	0.71	1.20	-1.00	1.01	-0.68	19.37
HUBAX	0.03	0.00	0.00	0.25	0.00	0.10	0.00	0.19
GTLSX	0.71	0.31	0.69	1.19	-0.97	0.92	-0.75	19.07
CMGUX	0.03	0.00	0.00	0.01	0.00	0.11	-0.11	0.54
ATOAX	0.02	0.00	0.00	-0.28	0.00	0.10	0.00	0.30
RPHIX	0.03	0.01	0.00	1.83	0.00	0.10	0.00	0.31
SUSAX	0.04	0.00	0.00	-0.29	0.00	0.10	-0.10	0.51
CIABX	0.05	0.00	0.00	-2.92	0.00	0.20	-0.20	0.40

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INVESCO SHORT Correlations

INVESCO SHORT vs Market Correlation

Weak diversification

Moving together with INVESCO Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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