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

  0.99MWTNX Metropolitan West TotalPairCorr
  0.93MWTSX Metropolitan West TotalPairCorr
  0.87PTTPX Pimco Total ReturnPairCorr
  0.99PTRRX Total ReturnPairCorr
  1.0PTRAX Total ReturnPairCorr
  0.93PTTRX Total ReturnPairCorr
  1.0FIWGX Strategic AdvisersPairCorr
  0.93DODIX Dodge IncomePairCorr
  0.87MWTIX Metropolitan West TotalPairCorr
  0.92MWTRX Metropolitan West TotalPairCorr
  0.82VGTSX Vanguard Total InterPairCorr
  0.82VTIAX Vanguard Total InterPairCorr
  0.62PDSYX Principal DiversifiedPairCorr
  0.61FCFWX American Funds RetirementPairCorr
  0.76JSEAX Jpmorgan InternationalPairCorr
  0.83VZ Verizon CommunicationsPairCorr
  0.64IBM International BusinessPairCorr
  0.7TRV The Travelers CompaniesPairCorr
  0.71MCD McDonaldsPairCorr

Moving against Invesco Mutual Fund

  0.46VSMPX Vanguard Total StockPairCorr
  0.46VSTSX Vanguard Total StockPairCorr
  0.46VITSX Vanguard Total StockPairCorr
  0.43VFFSX Vanguard 500 IndexPairCorr
  0.38VTSMX Vanguard Total StockPairCorr
  0.37VTSAX Vanguard Total StockPairCorr
  0.34VFIAX Vanguard 500 IndexPairCorr
  0.34VFINX Vanguard 500 IndexPairCorr
  0.51AA Alcoa CorpPairCorr
  0.48CAT CaterpillarPairCorr
  0.46AXP American ExpressPairCorr
  0.37HPQ HP IncPairCorr
  0.36BA BoeingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.