Invesco Amt Correlations

Mutual Funds . USA . 
Fund . Invesco Amt Free Municipal
IORAX Fund  USD 6.83  0.00  0.00%   
The current 90-days correlation between Invesco Amt Free and Oppenheimer Rising Dividends is 0.12 (i.e., Average diversification). The correlation of Invesco Amt 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 Amt Correlation With Market

Average diversification

The correlation between Invesco Amt Free Municipal and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Amt Free Municipal 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 Amt Free Municipal. 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 nation.

Moving together with Invesco Mutual Fund

  1.0VMICX Invesco Municipal IncomePairCorr
  1.0VMINX Invesco Municipal IncomePairCorr
  1.0VMIIX Invesco Municipal IncomePairCorr
  0.71AMHYX Invesco High YieldPairCorr
  0.7HYIFX Invesco High YieldPairCorr
  0.69HYINX Invesco High YieldPairCorr
  0.77ILAAX Invesco Income AllocationPairCorr
  0.77PXCCX Invesco Select RiskPairCorr
  0.77PXCIX Invesco Select RiskPairCorr
  0.68PXMQX Invesco Select RiskPairCorr
  0.68PXMSX Invesco Select RiskPairCorr
  0.68PXMMX Invesco Select RiskPairCorr
  0.61PXQIX Invesco Select RiskPairCorr
  0.99OCACX Oppenheimer Roc CaPairCorr
  0.8OCCIX Oppenheimer CnsrvtvPairCorr
  0.72STBAX Invesco Short TermPairCorr
  0.71STBCX Invesco Short TermPairCorr
  0.64STBYX Invesco Short TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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