Invesco Core Correlations

CPBFX Fund  USD 9.26  0.03  0.32%   
The current 90-days correlation between Invesco E Plus and Versatile Bond Portfolio is 0.23 (i.e., Modest 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 0.17 (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

  0.8VMICX Invesco Municipal IncomePairCorr
  0.81VMINX Invesco Municipal IncomePairCorr
  0.83VMIIX Invesco Municipal IncomePairCorr
  0.77AMHYX Invesco High YieldPairCorr
  0.71OSMAX Oppenheimer InternationalPairCorr
  0.68OSMCX Oppenheimer InternationalPairCorr
  0.8HYIFX Invesco High YieldPairCorr
  0.73HYINX Invesco High YieldPairCorr
  0.84ILAAX Invesco Income AllocationPairCorr
  0.92PXCCX Invesco Select RiskPairCorr
  0.92PXCIX Invesco Select RiskPairCorr
  0.81EMLDX Invesco Emerging MarketsPairCorr
  0.72PXMQX Invesco Select RiskPairCorr
  0.71PXMSX Invesco Select RiskPairCorr
  0.72PXMMX Invesco Select RiskPairCorr
  0.7OCACX Oppenheimer Roc CaPairCorr
  0.95OCCIX Oppenheimer CnsrvtvPairCorr

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.