Invesco Stock Correlations

ACSDX Fund

USD 28.97 0.05 0.17%

The current 90-days correlation between Invesco Stock and Qs Large Cap is 0.49 (i.e., Very weak diversification). The correlation of Invesco Stock 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 Stock Correlation With Market

Average diversification

The correlation between Invesco Stock Fund and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Stock Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Invesco Stock Fund. 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 unemployment.

Moving together with Invesco Mutual Fund

0.65	VMICX	Invesco Municipal Income	Pair Corr
0.64	VMIIX	Invesco Municipal Income	Pair Corr
0.99	OARDX	Oppenheimer Rising	Pair Corr
0.76	OSMAX	Oppenheimer International	Pair Corr
0.77	OSMCX	Oppenheimer International	Pair Corr
0.69	HYIFX	Invesco High Yield	Pair Corr
0.69	HYINX	Invesco High Yield	Pair Corr
0.76	ILAAX	Invesco Income Allocation	Pair Corr
0.79	PXCCX	Invesco Select Risk	Pair Corr
0.74	BRCRX	Invesco Balanced Risk	Pair Corr
0.75	BRCNX	Invesco Balanced Risk	Pair Corr
0.79	PXCIX	Invesco Select Risk	Pair Corr
0.73	BRCCX	Invesco Balanced Risk	Pair Corr
0.73	BRCYX	Invesco Balanced Risk	Pair Corr
0.78	PXGGX	Invesco Select Risk	Pair Corr
0.78	PXMQX	Invesco Select Risk	Pair Corr
0.78	PXMSX	Invesco Select Risk	Pair Corr
0.83	DIGGX	Invesco Discovery	Pair Corr
0.78	PXMMX	Invesco Select Risk	Pair Corr
0.78	PXQIX	Invesco Select Risk	Pair Corr
0.62	OCACX	Oppenheimer Roc Ca	Pair Corr
0.78	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.79	OCCIX	Oppenheimer Cnsrvtv	Pair Corr

Related Correlations Analysis

	LMISX	LMUSX	ENGRX	LGPIX	TAGRX	FCLKX	ILESX	ALCEX
LMISX		0.94	-0.23	0.53	0.85	0.97	0.91	0.87	LMISX
LMUSX	0.94		-0.2	0.68	0.85	0.91	0.96	0.86	LMUSX
ENGRX	-0.23	-0.2		0.44	0.19	-0.26	-0.35	-0.39	ENGRX
LGPIX	0.53	0.68	0.44		0.85	0.47	0.55	0.32	LGPIX
TAGRX	0.85	0.85	0.19	0.85		0.79	0.74	0.62	TAGRX
FCLKX	0.97	0.91	-0.26	0.47	0.79		0.9	0.91	FCLKX
ILESX	0.91	0.96	-0.35	0.55	0.74	0.9		0.89	ILESX
ALCEX	0.87	0.86	-0.39	0.32	0.62	0.91	0.89		ALCEX
	LMISX	LMUSX	ENGRX	LGPIX	TAGRX	FCLKX	ILESX	ALCEX

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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

FCLKX	+ 0.97	LMISX
ILESX	+ 0.96	LMUSX
LMUSX	+ 0.94	LMISX
ILESX	+ 0.91	LMISX
FCLKX	+ 0.91	LMUSX
ALCEX	+ 0.91	FCLKX

High negative correlations

ALCEX	- 0.39	ENGRX
ILESX	- 0.35	ENGRX
FCLKX	- 0.26	ENGRX
ENGRX	- 0.23	LMISX
ENGRX	- 0.2	LMUSX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Stock 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 Stock'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
LMISX	0.71	0.03	0.03	0.07	1.18	(0.68)	1.27	(1.49)	6.65
LMUSX	0.68	0.05	0.05	0.80	1.11	(0.67)	1.23	(1.49)	6.37
ENGRX	0.40	0.07	0.00	0.63	0.00	0.00	0.76	0.00	9.66
LGPIX	0.75	0.14	0.11	(21.23)	0.92	(0.75)	1.64	(1.54)	5.87
TAGRX	0.61	0.05	0.06	0.49	0.82	(0.63)	1.04	(1.20)	5.70
FCLKX	0.52	0.04	0.05	0.22	0.69	(0.54)	1.16	(0.90)	5.32
ILESX	0.62	0.02	0.02	0.46	0.87	(0.66)	1.21	(1.43)	6.24
ALCEX	0.60	0.01	0.02	0.09	0.73	(0.75)	1.26	(0.91)	7.05

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