Invesco Government Correlations

AGIVX Fund

USD 6.96 0.01 0.14%

The current 90-days correlation between Invesco Government and Invesco Municipal Income is 0.25 (i.e., Modest diversification). The correlation of Invesco Government 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 Government Correlation With Market

Significant diversification

The correlation between Invesco Government Fund and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Government 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 Government 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 real.

Moving together with Invesco Mutual Fund

0.71

STBRX

Invesco Short Term

Pair Corr

Moving against Invesco Mutual Fund

0.53	OSMAX	Oppenheimer International	Pair Corr
0.53	OSMCX	Oppenheimer International	Pair Corr
0.53	BRCCX	Invesco Balanced Risk	Pair Corr
0.52	BRCRX	Invesco Balanced Risk	Pair Corr
0.52	BRCAX	Invesco Balanced Risk	Pair Corr
0.51	BRCNX	Invesco Balanced Risk	Pair Corr
0.4	OARDX	Oppenheimer Rising	Pair Corr
0.51	BRCYX	Invesco Balanced Risk	Pair Corr
0.47	EMLDX	Invesco Emerging Markets	Pair Corr
0.56	INGFX	Invesco Oppenheimer	Pair Corr
0.46	OCRDX	Oppenheimer Rising	Pair Corr
0.41	INDFX	Invesco International	Pair Corr

Related Correlations Analysis

	VMICX	VMINX	VMIIX	OARDX	AMHYX	OSICX	OSMAX	OSMCX	HYIFX	HYINX
VMICX		1.0	0.91	0.45	0.66	0.6	0.59	0.59	0.62	0.65	VMICX
VMINX	1.0		0.91	0.45	0.71	0.55	0.55	0.54	0.65	0.69	VMINX
VMIIX	0.91	0.91		0.54	0.67	0.53	0.58	0.57	0.72	0.66	VMIIX
OARDX	0.45	0.45	0.54		0.42	0.02	0.61	0.62	0.56	0.43	OARDX
AMHYX	0.66	0.71	0.67	0.42		0.02	0.09	0.09	0.9	0.95	AMHYX
OSICX	0.6	0.55	0.53	0.02	0.02		0.68	0.67	0.05	0.06	OSICX
OSMAX	0.59	0.55	0.58	0.61	0.09	0.68		1.0	0.21	0.14	OSMAX
OSMCX	0.59	0.54	0.57	0.62	0.09	0.67	1.0		0.22	0.14	OSMCX
HYIFX	0.62	0.65	0.72	0.56	0.9	0.05	0.21	0.22		0.9	HYIFX
HYINX	0.65	0.69	0.66	0.43	0.95	0.06	0.14	0.14	0.9		HYINX
	VMICX	VMINX	VMIIX	OARDX	AMHYX	OSICX	OSMAX	OSMCX	HYIFX	HYINX

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Government 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 Government'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VMICX	0.20	(0.04)	(2.93)	0.34	(0.50)	1.68
VMINX	0.19	(0.03)	(1.87)	0.41	(0.49)	1.59
VMIIX	0.20	(0.03)	(0.51)	0.33	(0.49)	1.59
OARDX	0.65	(0.13)	(0.69)	0.89	(0.93)	12.98
AMHYX	0.10	(0.01)	(1.36)	0.28	(0.28)	0.84
OSICX	0.23	(0.07)	(18.25)	0.63	(0.64)	1.94
OSMAX	0.72	(0.32)	(2.20)	0.97	(1.25)	12.61
OSMCX	0.73	(0.33)	(2.26)	0.98	(1.22)	13.19
HYIFX	0.13	(0.02)	(0.44)	0.28	(0.28)	1.12
HYINX	0.12	(0.02)	(0.52)	0.28	(0.28)	1.12

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