Invesco Porate Correlations
| ACCWX Fund | USD 6.18 0.01 0.16% |
The current 90-days correlation between Invesco Porate Bond and Blackrock Health Sciences is 0.22 (i.e., Modest diversification). The correlation of Invesco Porate 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 Porate Correlation With Market
Average diversification
The correlation between Invesco Porate Bond and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Porate Bond and DJI in the same portfolio, assuming nothing else is changed.
Invesco |
Moving together with Invesco Mutual Fund
| 0.86 | VMICX | Invesco Municipal Income | PairCorr |
| 0.84 | VMINX | Invesco Municipal Income | PairCorr |
| 0.84 | VMIIX | Invesco Municipal Income | PairCorr |
| 0.81 | OSICX | Oppenheimer Strategic | PairCorr |
| 0.82 | OSMAX | Oppenheimer International | PairCorr |
| 0.81 | OSMCX | Oppenheimer International | PairCorr |
| 0.73 | ILAAX | Invesco Income Allocation | PairCorr |
| 0.82 | PXCCX | Invesco Select Risk | PairCorr |
| 0.7 | BRCRX | Invesco Balanced Risk | PairCorr |
| 0.7 | BRCNX | Invesco Balanced Risk | PairCorr |
| 0.82 | PXCIX | Invesco Select Risk | PairCorr |
| 0.7 | BRCCX | Invesco Balanced Risk | PairCorr |
| 0.7 | BRCAX | Invesco Balanced Risk | PairCorr |
| 0.7 | BRCYX | Invesco Balanced Risk | PairCorr |
| 0.84 | EMLDX | Invesco Emerging Markets | PairCorr |
| 0.65 | PXMQX | Invesco Select Risk | PairCorr |
| 0.65 | PXMSX | Invesco Select Risk | PairCorr |
| 0.65 | PXMMX | Invesco Select Risk | PairCorr |
| 0.87 | OCACX | Oppenheimer Roc Ca | PairCorr |
| 0.85 | OCCIX | Oppenheimer Cnsrvtv | PairCorr |
| 0.79 | STBAX | Invesco Short Term | PairCorr |
| 0.78 | STBCX | Invesco Short Term | PairCorr |
| 0.73 | STBYX | Invesco Short Term | PairCorr |
Related Correlations Analysis
| 0.96 | 0.94 | 0.34 | 0.98 | 0.93 | BHSRX | ||
| 0.96 | 0.96 | 0.33 | 0.98 | 0.96 | BHCHX | ||
| 0.94 | 0.96 | 0.13 | 0.98 | 1.0 | HGHYX | ||
| 0.34 | 0.33 | 0.13 | 0.24 | 0.12 | HHCZX | ||
| 0.98 | 0.98 | 0.98 | 0.24 | 0.98 | SCHLX | ||
| 0.93 | 0.96 | 1.0 | 0.12 | 0.98 | HIAHX | ||
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Risk-Adjusted Indicators
There is a big difference between Invesco Mutual Fund performing well and Invesco Porate 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 Porate'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BHSRX | 0.69 | (0.20) | 0.00 | (0.70) | 0.00 | 1.02 | 6.64 | |||
| BHCHX | 0.71 | (0.13) | 0.00 | (0.52) | 0.00 | 1.27 | 4.20 | |||
| HGHYX | 0.69 | (0.17) | 0.00 | (0.70) | 0.00 | 1.08 | 3.79 | |||
| HHCZX | 0.14 | 0.00 | (0.04) | 0.07 | 0.17 | 0.30 | 1.33 | |||
| SCHLX | 0.60 | (0.16) | 0.00 | (0.78) | 0.00 | 0.97 | 3.39 | |||
| HIAHX | 0.69 | (0.17) | 0.00 | (0.71) | 0.00 | 1.04 | 3.83 |