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.
Invesco |
Moving together with Invesco Mutual Fund
0.8 | VMICX | Invesco Municipal Income | PairCorr |
0.81 | VMINX | Invesco Municipal Income | PairCorr |
0.83 | VMIIX | Invesco Municipal Income | PairCorr |
0.77 | AMHYX | Invesco High Yield | PairCorr |
0.71 | OSMAX | Oppenheimer International | PairCorr |
0.68 | OSMCX | Oppenheimer International | PairCorr |
0.8 | HYIFX | Invesco High Yield | PairCorr |
0.73 | HYINX | Invesco High Yield | PairCorr |
0.84 | ILAAX | Invesco Income Allocation | PairCorr |
0.92 | PXCCX | Invesco Select Risk | PairCorr |
0.92 | PXCIX | Invesco Select Risk | PairCorr |
0.81 | EMLDX | Invesco Emerging Markets | PairCorr |
0.72 | PXMQX | Invesco Select Risk | PairCorr |
0.71 | PXMSX | Invesco Select Risk | PairCorr |
0.72 | PXMMX | Invesco Select Risk | PairCorr |
0.7 | OCACX | Oppenheimer Roc Ca | PairCorr |
0.95 | OCCIX | Oppenheimer Cnsrvtv | PairCorr |
Related Correlations Analysis
0.74 | 0.92 | 0.68 | 0.94 | PRVBX | ||
0.74 | 0.84 | 0.99 | 0.83 | RIBRX | ||
0.92 | 0.84 | 0.79 | 0.97 | ABNTX | ||
0.68 | 0.99 | 0.79 | 0.78 | JAAEX | ||
0.94 | 0.83 | 0.97 | 0.78 | ANBIX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PRVBX | 0.10 | 0.01 | 0.64 | (0.72) | 0.00 | 0.25 | 0.58 | |||
RIBRX | 0.26 | 0.04 | 0.29 | 0.38 | 0.17 | 0.70 | 1.65 | |||
ABNTX | 0.15 | 0.04 | 0.43 | 0.71 | 0.00 | 0.30 | 0.99 | |||
JAAEX | 0.25 | 0.03 | 0.31 | 0.35 | 0.17 | 0.62 | 1.45 | |||
ANBIX | 0.15 | 0.03 | 0.40 | (0.68) | 0.00 | 0.38 | 0.98 |