Invesco Global Correlations
| GGHYX Fund | USD 39.29 0.56 1.45% |
The current 90-days correlation between Invesco Global Health and Blackrock Short Term Inflat Protected is 0.05 (i.e., Significant diversification). The correlation of Invesco Global 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 Global Correlation With Market
Poor diversification
The correlation between Invesco Global Health and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Global Health and DJI in the same portfolio, assuming nothing else is changed.
Invesco |
Moving together with Invesco Mutual Fund
| 0.66 | OARDX | Oppenheimer Rising | PairCorr |
| 0.79 | AMHYX | Invesco High Yield | PairCorr |
| 0.66 | OSMAX | Oppenheimer International | PairCorr |
| 0.66 | OSMCX | Oppenheimer International | PairCorr |
| 0.76 | HYINX | Invesco High Yield | PairCorr |
| 0.75 | ILAAX | Invesco Income Allocation | PairCorr |
| 0.66 | PXCCX | Invesco Select Risk | PairCorr |
| 0.75 | BRCRX | Invesco Balanced Risk | PairCorr |
| 0.66 | PXCIX | Invesco Select Risk | PairCorr |
| 0.75 | BRCCX | Invesco Balanced Risk | PairCorr |
| 0.75 | BRCAX | Invesco Balanced Risk | PairCorr |
| 0.75 | BRCYX | Invesco Balanced Risk | PairCorr |
| 0.79 | PXMQX | Invesco Select Risk | PairCorr |
| 0.72 | PXMSX | Invesco Select Risk | PairCorr |
| 0.79 | PXMMX | Invesco Select Risk | PairCorr |
| 0.62 | OCAIX | Oppenheimer Aggrssv | PairCorr |
| 0.64 | OCCIX | Oppenheimer Cnsrvtv | PairCorr |
| 0.81 | MLPRX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.8 | MLPDX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.81 | MLPAX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.77 | MLPFX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.77 | MLPEX | Steelpath Select | PairCorr |
| 0.75 | MLPMX | Oppenheimer Steelpath Mlp | PairCorr |
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 Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BIIPX | 0.10 | 0.02 | 0.40 | (1.25) | 0.00 | 0.21 | 0.72 | |||
| TASTX | 0.08 | 0.01 | 0.39 | 1.14 | 0.00 | 0.21 | 0.62 | |||
| CMGUX | 0.04 | 0.01 | 0.00 | (0.61) | 0.00 | 0.11 | 0.54 | |||
| AOUNX | 0.05 | 0.01 | 0.00 | (0.64) | 0.00 | 0.10 | 0.52 | |||
| FMUUX | 0.03 | 0.00 | 0.00 | (0.06) | 0.00 | 0.10 | 0.40 | |||
| RSDIX | 0.09 | 0.01 | 0.40 | (0.45) | 0.00 | 0.21 | 0.62 | |||
| FSHAX | 0.05 | 0.00 | 0.22 | (0.22) | 0.00 | 0.10 | 0.51 |