Invesco Core Correlations

CPBFX Fund

USD 9.23 0.01 0.11%

The current 90-days correlation between Invesco E Plus and Scharf Balanced Opportunity is 0.03 (i.e., Significant diversification). The correlation of Invesco Core 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 Core Correlation With Market

Average diversification

The correlation between Invesco E Plus and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco E Plus 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 E Plus. 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 census.

Moving together with Invesco Mutual Fund

0.99	MWTNX	Metropolitan West Total	Pair Corr
0.93	MWTSX	Metropolitan West Total	Pair Corr
0.87	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
1.0	PTRAX	Total Return	Pair Corr
0.93	PTTRX	Total Return	Pair Corr
1.0	FIWGX	Strategic Advisers	Pair Corr
0.93	DODIX	Dodge Income	Pair Corr
0.87	MWTIX	Metropolitan West Total	Pair Corr
0.92	MWTRX	Metropolitan West Total	Pair Corr
0.82	VGTSX	Vanguard Total Inter	Pair Corr
0.82	VTIAX	Vanguard Total Inter	Pair Corr
0.62	PDSYX	Principal Diversified	Pair Corr
0.61	FCFWX	American Funds Retirement	Pair Corr
0.76	JSEAX	Jpmorgan International	Pair Corr
0.83	VZ	Verizon Communications	Pair Corr
0.64	IBM	International Business	Pair Corr
0.7	TRV	The Travelers Companies	Pair Corr
0.71	MCD	McDonalds	Pair Corr

Moving against Invesco Mutual Fund

0.46	VSMPX	Vanguard Total Stock	Pair Corr
0.46	VSTSX	Vanguard Total Stock	Pair Corr
0.46	VITSX	Vanguard Total Stock	Pair Corr
0.43	VFFSX	Vanguard 500 Index	Pair Corr
0.38	VTSMX	Vanguard Total Stock	Pair Corr
0.37	VTSAX	Vanguard Total Stock	Pair Corr
0.34	VFIAX	Vanguard 500 Index	Pair Corr
0.34	VFINX	Vanguard 500 Index	Pair Corr
0.51	AA	Alcoa Corp	Pair Corr
0.48	CAT	Caterpillar	Pair Corr
0.46	AXP	American Express	Pair Corr
0.37	HPQ	HP Inc	Pair Corr
0.36	BA	Boeing	Pair Corr

Related Correlations Analysis

	LOGBX	JSLCX	RBCIX	IAFEX	MRVNX	JSEAX	PIEQX	NWJVX
LOGBX		0.9	0.59	0.74	0.78	0.72	0.7	0.55	LOGBX
JSLCX	0.9		0.68	0.85	0.88	0.83	0.79	0.71	JSLCX
RBCIX	0.59	0.68		0.89	0.88	0.91	0.93	0.83	RBCIX
IAFEX	0.74	0.85	0.89		0.98	0.98	0.96	0.87	IAFEX
MRVNX	0.78	0.88	0.88	0.98		0.98	0.95	0.84	MRVNX
JSEAX	0.72	0.83	0.91	0.98	0.98		0.97	0.91	JSEAX
PIEQX	0.7	0.79	0.93	0.96	0.95	0.97		0.89	PIEQX
NWJVX	0.55	0.71	0.83	0.87	0.84	0.91	0.89		NWJVX
	LOGBX	JSLCX	RBCIX	IAFEX	MRVNX	JSEAX	PIEQX	NWJVX

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Core 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 Core'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
LOGBX	0.51	0.00	0.00	(0.07)	0.00	0.00	0.83	(1.17)	4.19
JSLCX	0.20	0.00	0.21	(0.05)	0.27	(0.23)	0.42	(0.34)	1.11
RBCIX	1.27	0.28	0.21	0.84	1.19	(1.48)	2.72	(2.01)	7.76
IAFEX	0.73	0.15	0.21	0.24	0.77	(0.79)	1.77	(1.25)	5.53
MRVNX	0.72	0.11	0.13	0.10	0.93	(0.75)	1.67	(1.60)	4.81
JSEAX	0.65	0.15	0.19	0.19	0.77	(0.68)	1.49	(1.22)	4.60
PIEQX	0.66	0.10	0.20	(0.60)	0.78	(0.75)	1.55	(1.17)	4.73
NWJVX	0.08	0.01	0.69	0.67	0.00	(0.14)	0.20	(0.10)	0.61

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