Invesco Emerging Correlations

EMLDX Fund  USD 5.13  0.01  0.19%   
The current 90-days correlation between Invesco Emerging Markets and Janus Global Technology is 0.31 (i.e., Weak diversification). The correlation of Invesco Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Invesco Emerging Markets and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Invesco Emerging Markets. 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 unemployment.

Moving together with Invesco Mutual Fund

  0.71AMHYX Invesco High YieldPairCorr
  0.93OSICX Oppenheimer StrategicPairCorr
  0.86OSMAX Oppenheimer InternationalPairCorr
  0.86OSMCX Oppenheimer InternationalPairCorr
  0.73HYIFX Invesco High YieldPairCorr
  0.74HYINX Invesco High YieldPairCorr
  0.65ILAAX Invesco Income AllocationPairCorr
  0.79PXCCX Invesco Select RiskPairCorr
  0.65BRCRX Invesco Balanced RiskPairCorr
  0.66BRCNX Invesco Balanced RiskPairCorr
  0.81PXCIX Invesco Select RiskPairCorr
  0.64BRCCX Invesco Balanced RiskPairCorr
  0.65BRCAX Invesco Balanced RiskPairCorr
  0.66BRCYX Invesco Balanced RiskPairCorr
  0.76OCCIX Oppenheimer CnsrvtvPairCorr
  0.88STBAX Invesco Short TermPairCorr
  0.89STBCX Invesco Short TermPairCorr
  0.65MLPRX Oppenheimer Steelpath MlpPairCorr
  0.89STBYX Invesco Short TermPairCorr
  0.89STBRX Invesco Short TermPairCorr
  0.66MLPDX Oppenheimer Steelpath MlpPairCorr

Moving against Invesco Mutual Fund

  0.72DIGGX Invesco DiscoveryPairCorr
  0.62OTFCX Oppenheimer TargetPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
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High negative correlations   
SBHIXBGSCX
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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Emerging 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 Emerging'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.