Invesco European Correlations

Mutual Funds . USA . 
Fund . Invesco European Small
ESMCX Fund  USD 13.56  0.15  1.09%   
The current 90-days correlation between Invesco European Small and Siit Ultra Short is -0.05 (i.e., Good diversification). The correlation of Invesco European 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 European Correlation With Market

Very weak diversification

The correlation between Invesco European Small and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco European Small 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 European Small. 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 main economic indicators.

Moving together with Invesco Mutual Fund

  0.63VMIIX Invesco Municipal IncomePairCorr
  0.74AMHYX Invesco High YieldPairCorr
  0.88OSICX Oppenheimer StrategicPairCorr
  0.9OSMAX Oppenheimer InternationalPairCorr
  0.9OSMCX Oppenheimer InternationalPairCorr
  0.75HYIFX Invesco High YieldPairCorr
  0.76HYINX Invesco High YieldPairCorr
  0.75ILAAX Invesco Income AllocationPairCorr
  0.85PXCCX Invesco Select RiskPairCorr
  0.64BRCRX Invesco Balanced RiskPairCorr
  0.65BRCNX Invesco Balanced RiskPairCorr
  0.85PXCIX Invesco Select RiskPairCorr
  0.64BRCCX Invesco Balanced RiskPairCorr
  0.61BRCAX Invesco Balanced RiskPairCorr
  0.64BRCYX Invesco Balanced RiskPairCorr
  0.92EMLDX Invesco Emerging Markets Potential GrowthPairCorr
  0.82OCCIX Oppenheimer CnsrvtvPairCorr
  0.81STBAX Invesco Short TermPairCorr
  0.82STBCX Invesco Short TermPairCorr
  0.61MLPRX Oppenheimer Steelpath MlpPairCorr
  0.79STBYX Invesco Short TermPairCorr
  0.8STBRX Invesco Short TermPairCorr
  0.62MLPDX Oppenheimer Steelpath MlpPairCorr

Moving against Invesco Mutual Fund

  0.58DIGGX Invesco DiscoveryPairCorr
  0.46OTFCX Oppenheimer TargetPairCorr

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 European 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 European'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY