Invesco Senior Correlations

VVR Fund

USD 3.30 0.01 0.30%

The current 90-days correlation between Invesco Senior Income and Invesco Quality Municipal is 0.19 (i.e., Average diversification). The correlation of Invesco Senior 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 Senior Correlation With Market

Modest diversification

The correlation between Invesco Senior Income and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Senior Income 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 Senior Income. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Invesco Fund

0.63	RYMEX	Commodities Strategy	Pair Corr
0.65	RYMJX	Commodities Strategy	Pair Corr
0.66	RYMBX	Commodities Strategy	Pair Corr
0.64	BRUFX	Bruce Fund Bruce	Pair Corr
0.63	KF	Korea Closed	Pair Corr
0.63	JAACX	Alternative Asset	Pair Corr
0.77	SLFYX	Simt Multi Asset	Pair Corr
0.7	EMOCX	Eaton Vance Municipal	Pair Corr
0.65	NCA	Nuveen California	Pair Corr
0.66	PQIIX	Pimco Dividend And	Pair Corr
0.7	PRFHX	T Rowe Price	Pair Corr
0.64	FAPGX	Fidelity Sustainable Low	Pair Corr
0.65	BXFIX	Barings Global Floating	Pair Corr
0.63	GMEMX	Gmo Emerging Markets	Pair Corr
0.79	UBPIX	Ultralatin America Steady Growth	Pair Corr
0.68	FOHTX	Nuveen Ohio Municipal	Pair Corr
0.69	TASCX	Third Avenue Small	Pair Corr
0.64	IPESX	Voya Large Cap	Pair Corr

Related Correlations Analysis

	IQI	VCV	VKQ	VGM	IIM	HPS	VKI	BLW	SLIYX	FTHY
IQI		0.42	0.74	0.84	0.4	-0.5	0.57	0.51	0.81	0.73	IQI
VCV	0.42		0.56	0.49	0.17	-0.07	0.77	0.39	0.42	0.39	VCV
VKQ	0.74	0.56		0.79	0.32	-0.3	0.82	0.41	0.71	0.77	VKQ
VGM	0.84	0.49	0.79		0.11	-0.71	0.78	0.54	0.94	0.74	VGM
IIM	0.4	0.17	0.32	0.11		0.2	0.01	-0.11	0.0	0.28	IIM
HPS	-0.5	-0.07	-0.3	-0.71	0.2		-0.39	-0.22	-0.76	-0.26	HPS
VKI	0.57	0.77	0.82	0.78	0.01	-0.39		0.49	0.74	0.62	VKI
BLW	0.51	0.39	0.41	0.54	-0.11	-0.22	0.49		0.63	0.71	BLW
SLIYX	0.81	0.42	0.71	0.94	0.0	-0.76	0.74	0.63		0.73	SLIYX
FTHY	0.73	0.39	0.77	0.74	0.28	-0.26	0.62	0.71	0.73		FTHY
	IQI	VCV	VKQ	VGM	IIM	HPS	VKI	BLW	SLIYX	FTHY

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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

SLIYX	+ 0.94	VGM
VGM	+ 0.84	IQI
VKI	+ 0.82	VKQ
SLIYX	+ 0.81	IQI
VGM	+ 0.79	VKQ
VKI	+ 0.78	VGM

High negative correlations

SLIYX	- 0.76	HPS
HPS	- 0.71	VGM
HPS	- 0.5	IQI
VKI	- 0.39	HPS
HPS	- 0.3	VKQ
FTHY	- 0.26	HPS

Risk-Adjusted Indicators

There is a big difference between Invesco Fund performing well and Invesco Senior 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 Senior'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
IQI	0.28	0.02	(0.16)	0.25	0.27	(0.32)	0.72	(0.61)	1.53
VCV	0.57	0.09	(0.02)	(1.12)	0.78	(0.59)	1.53	(1.55)	3.42
VKQ	0.35	0.02	(0.16)	0.45	0.37	(0.39)	0.75	(0.73)	2.10
VGM	0.33	0.05	(0.07)	0.57	0.28	(0.37)	0.68	(0.60)	1.61
IIM	0.46	(0.04)	0.00	(0.18)	0.00	0.00	0.97	(0.90)	4.42
HPS	0.48	(0.06)	0.00	(0.78)	0.00	0.00	0.87	(1.00)	2.39
VKI	0.40	0.06	(0.05)	8.07	0.35	(0.52)	0.99	(0.79)	2.29
BLW	0.26	0.01	(0.18)	0.15	0.22	(0.31)	0.45	(0.52)	1.33
SLIYX	0.11	0.02	(0.36)	0.27	0.00	(0.18)	0.30	(0.20)	0.59
FTHY	0.26	0.01	(0.16)	0.12	0.26	(0.28)	0.51	(0.56)	1.81

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