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.
Invesco |
Moving together with Invesco Mutual Fund
0.99 | MWTNX | Metropolitan West Total | PairCorr |
0.93 | MWTSX | Metropolitan West Total | PairCorr |
0.87 | PTTPX | Pimco Total Return | PairCorr |
0.99 | PTRRX | Total Return | PairCorr |
1.0 | PTRAX | Total Return | PairCorr |
0.93 | PTTRX | Total Return | PairCorr |
1.0 | FIWGX | Strategic Advisers | PairCorr |
0.93 | DODIX | Dodge Income | PairCorr |
0.87 | MWTIX | Metropolitan West Total | PairCorr |
0.92 | MWTRX | Metropolitan West Total | PairCorr |
0.82 | VGTSX | Vanguard Total Inter | PairCorr |
0.82 | VTIAX | Vanguard Total Inter | PairCorr |
0.62 | PDSYX | Principal Diversified | PairCorr |
0.61 | FCFWX | American Funds Retirement | PairCorr |
0.76 | JSEAX | Jpmorgan International | PairCorr |
0.83 | VZ | Verizon Communications | PairCorr |
0.64 | IBM | International Business | PairCorr |
0.7 | TRV | The Travelers Companies | PairCorr |
0.71 | MCD | McDonalds | PairCorr |
Moving against Invesco Mutual Fund
0.46 | VSMPX | Vanguard Total Stock | PairCorr |
0.46 | VSTSX | Vanguard Total Stock | PairCorr |
0.46 | VITSX | Vanguard Total Stock | PairCorr |
0.43 | VFFSX | Vanguard 500 Index | PairCorr |
0.38 | VTSMX | Vanguard Total Stock | PairCorr |
0.37 | VTSAX | Vanguard Total Stock | PairCorr |
0.34 | VFIAX | Vanguard 500 Index | PairCorr |
0.34 | VFINX | Vanguard 500 Index | PairCorr |
0.51 | AA | Alcoa Corp | PairCorr |
0.48 | CAT | Caterpillar | PairCorr |
0.46 | AXP | American Express | PairCorr |
0.37 | HPQ | HP Inc | PairCorr |
0.36 | BA | Boeing | PairCorr |
Related Correlations Analysis
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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 | 0.83 | 4.19 | |||
JSLCX | 0.20 | 0.00 | 0.21 | (0.05) | 0.27 | 0.42 | 1.11 | |||
RBCIX | 1.27 | 0.28 | 0.21 | 0.84 | 1.19 | 2.72 | 7.76 | |||
IAFEX | 0.73 | 0.15 | 0.21 | 0.24 | 0.77 | 1.77 | 5.53 | |||
MRVNX | 0.72 | 0.11 | 0.13 | 0.10 | 0.93 | 1.67 | 4.81 | |||
JSEAX | 0.65 | 0.15 | 0.19 | 0.19 | 0.77 | 1.49 | 4.60 | |||
PIEQX | 0.66 | 0.10 | 0.20 | (0.60) | 0.78 | 1.55 | 4.73 | |||
NWJVX | 0.08 | 0.01 | 0.69 | 0.67 | 0.00 | 0.20 | 0.61 |