Invesco Global Correlations

AWSRX Fund

USD 15.64 0.08 0.51%

The current 90-days correlation between Invesco Global E and Virtus Seix Government is -0.11 (i.e., Good diversification). The correlation of Invesco Global 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 Global Correlation With Market

Average diversification

The correlation between Invesco Global E 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 Global E 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 Global E. 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 metropolitan statistical area.

Moving together with Invesco Mutual Fund

0.63	VMICX	Invesco Municipal Income	Pair Corr
0.62	VMIIX	Invesco Municipal Income	Pair Corr
0.73	OARDX	Oppenheimer Rising	Pair Corr
0.61	OSMAX	Oppenheimer International	Pair Corr
0.61	OSMCX	Oppenheimer International	Pair Corr
0.61	HYINX	Invesco High Yield	Pair Corr
0.76	ILAAX	Invesco Income Allocation	Pair Corr
0.85	PXCCX	Invesco Select Risk	Pair Corr
0.7	BRCRX	Invesco Balanced Risk	Pair Corr
0.71	BRCNX	Invesco Balanced Risk	Pair Corr
0.85	PXCIX	Invesco Select Risk	Pair Corr
0.69	BRCCX	Invesco Balanced Risk	Pair Corr
0.7	BRCAX	Invesco Balanced Risk	Pair Corr
0.7	BRCYX	Invesco Balanced Risk	Pair Corr
0.75	PXGGX	Invesco Select Risk	Pair Corr
0.78	PXMQX	Invesco Select Risk	Pair Corr
0.69	PXMSX	Invesco Select Risk	Pair Corr
0.78	PXMMX	Invesco Select Risk	Pair Corr
0.75	PXQIX	Invesco Select Risk	Pair Corr
0.75	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.83	OCCIX	Oppenheimer Cnsrvtv	Pair Corr

Related Correlations Analysis

	SSAGX	UGSDX	TWACX	ICAXX	SIGVX	HUMXX	SWGXX
SSAGX		0.61	-0.53	0.0	0.97	0.0	0.55	SSAGX
UGSDX	0.61		-0.41	0.0	0.63	0.0	0.45	UGSDX
TWACX	-0.53	-0.41		0.0	-0.54	0.0	-0.8	TWACX
ICAXX	0.0	0.0	0.0		0.0	0.0	0.0	ICAXX
SIGVX	0.97	0.63	-0.54	0.0		0.0	0.54	SIGVX
HUMXX	0.0	0.0	0.0	0.0	0.0		0.0	HUMXX
SWGXX	0.55	0.45	-0.8	0.0	0.54	0.0		SWGXX
	SSAGX	UGSDX	TWACX	ICAXX	SIGVX	HUMXX	SWGXX

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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

SIGVX	+ 0.97	SSAGX
SIGVX	+ 0.63	UGSDX
UGSDX	+ 0.61	SSAGX
SWGXX	+ 0.55	SSAGX
SWGXX	+ 0.54	SIGVX
SWGXX	+ 0.45	UGSDX

High negative correlations

SWGXX	- 0.8	TWACX
SIGVX	- 0.54	TWACX
TWACX	- 0.53	SSAGX
TWACX	- 0.41	UGSDX
SWGXX	- 0.0	HUMXX
HUMXX	- 0.0	SIGVX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Global 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 Global'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
SSAGX	0.04	0.00	(0.36)	(0.75)	(0.20)	0.10	(0.10)	0.51
UGSDX	0.03	0.00	0.00	(0.63)	0.00	0.00	0.00	0.52
TWACX	0.07	0.00	0.00	0.00	0.00	0.11	(0.11)	0.56
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SIGVX	0.04	0.00	(0.30)	(0.68)	(0.16)	0.10	(0.10)	0.51
HUMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SWGXX	0.03	0.01	0.00	(0.27)	0.00	0.00	0.00	1.01

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