Invesco International Correlations

INDFX Fund

USD 15.85 0.03 0.19%

The current 90-days correlation between Invesco International and College Retirement Equities is 0.43 (i.e., Very weak diversification). The correlation of Invesco International 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 International Correlation With Market

Modest diversification

The correlation between Invesco International Diversif and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco International Diversif and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Invesco International Diversified. 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

0.82	VMICX	Invesco Municipal Income	Pair Corr
0.82	VMINX	Invesco Municipal Income	Pair Corr
0.83	VMIIX	Invesco Municipal Income	Pair Corr
0.71	OARDX	Oppenheimer Rising	Pair Corr
0.79	AMHYX	Invesco High Yield	Pair Corr
0.88	OSMAX	Oppenheimer International	Pair Corr
0.72	OTFCX	Oppenheimer Target	Pair Corr
0.91	PXMSX	Invesco Select Risk	Pair Corr
0.84	INGFX	Invesco Oppenheimer	Pair Corr
0.77	ODVCX	Oppenheimer Developing	Pair Corr
0.77	ODVIX	Oppenheimer Developing	Pair Corr
0.89	CGREX	Invesco Global Real	Pair Corr
0.73	CGRCX	Oppenheimer Value	Pair Corr
0.63	IOGYX	Invesco Gold Special	Pair Corr
0.82	GGHYX	Invesco Global Health	Pair Corr
0.82	GGHCX	Invesco Global Health	Pair Corr
0.83	CHRRX	Invesco Charter	Pair Corr
0.83	CHRSX	Invesco Charter	Pair Corr
0.93	AADSX	Invesco Growth Allocation	Pair Corr
0.69	ASIYX	Invesco Asia Pacific	Pair Corr
0.69	ASISX	Invesco Asia Pacific	Pair Corr
0.72	ASIAX	Invesco Asia Pacific	Pair Corr
0.86	ABRYX	Invesco Balanced Risk	Pair Corr
0.86	ABRIX	Invesco Balanced Risk	Pair Corr
1.0	OIDAX	Oppenheimer International	Pair Corr
0.87	ACCBX	Invesco Porate Bond	Pair Corr
0.77	IARRX	Invesco Real Estate	Pair Corr
0.87	IARYX	Invesco Real Estate	Pair Corr
0.85	ACSTX	Invesco Comstock	Pair Corr
0.81	ACTHX	Invesco High Yield	Pair Corr
0.84	ACTDX	Invesco High Yield	Pair Corr

Related Correlations Analysis

	QCGLRX	FHRVX	TDIFX	BRIEX	BIMPX	RRPPX	MXDPX	FTMRX
QCGLRX		0.9	0.83	0.75	0.96	0.84	0.75	0.82	QCGLRX
FHRVX	0.9		0.91	0.88	0.98	0.87	0.88	0.9	FHRVX
TDIFX	0.83	0.91		0.94	0.89	0.98	0.91	0.93	TDIFX
BRIEX	0.75	0.88	0.94		0.84	0.9	0.97	0.96	BRIEX
BIMPX	0.96	0.98	0.89	0.84		0.86	0.84	0.88	BIMPX
RRPPX	0.84	0.87	0.98	0.9	0.86		0.88	0.91	RRPPX
MXDPX	0.75	0.88	0.91	0.97	0.84	0.88		0.96	MXDPX
FTMRX	0.82	0.9	0.93	0.96	0.88	0.91	0.96		FTMRX
	QCGLRX	FHRVX	TDIFX	BRIEX	BIMPX	RRPPX	MXDPX	FTMRX

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco International 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 International'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
QCGLRX	0.58	0.03	0.04	(0.29)	0.85	(0.54)	1.04	(1.40)	3.68
FHRVX	0.25	0.02	0.07	(0.46)	0.30	(0.26)	0.62	(0.45)	1.96
TDIFX	0.14	0.02	0.08	0.13	0.11	(0.18)	0.35	(0.26)	1.30
BRIEX	0.24	0.02	0.05	0.06	0.31	(0.25)	0.52	(0.43)	2.06
BIMPX	0.31	0.02	0.06	(0.33)	0.38	(0.37)	0.69	(0.54)	2.39
RRPPX	0.29	0.04	0.09	0.15	0.39	(0.33)	0.62	(0.47)	2.37
MXDPX	0.25	0.01	0.03	0.03	0.31	(0.36)	0.63	(0.49)	2.33
FTMRX	0.37	0.02	0.04	0.04	0.54	(0.36)	0.70	(0.63)	2.50

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Invesco International Correlations

Invesco International Correlation With Market

Modest diversification

Moving together with Invesco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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