Invesco Rochester Correlations

IORUX Fund

USD 14.80 0.07 0.47%

The current 90-days correlation between Invesco Rochester New and Gmo High Yield is 0.42 (i.e., Very weak diversification). The correlation of Invesco Rochester 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 Rochester Correlation With Market

Average diversification

The correlation between Invesco Rochester New 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 Rochester New 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 Rochester New. 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 employment.

Moving together with Invesco Mutual Fund

0.97	VMICX	Invesco Municipal Income	Pair Corr
0.95	VMINX	Invesco Municipal Income	Pair Corr
0.95	VMIIX	Invesco Municipal Income	Pair Corr
0.69	AMHYX	Invesco High Yield	Pair Corr
0.69	HYIFX	Invesco High Yield	Pair Corr
0.68	HYINX	Invesco High Yield	Pair Corr
0.63	ILAAX	Invesco Income Allocation	Pair Corr
0.69	PXCCX	Invesco Select Risk	Pair Corr
0.69	PXCIX	Invesco Select Risk	Pair Corr
0.98	OCACX	Oppenheimer Roc Ca	Pair Corr
0.72	OCCIX	Oppenheimer Cnsrvtv	Pair Corr

Related Correlations Analysis

	GHVIX	ARCIX	SGYAX	BXHCX	ABTYX	MRHYX	ARTFX
GHVIX		0.76	0.93	0.96	0.83	0.9	0.96	GHVIX
ARCIX	0.76		0.81	0.71	0.42	0.75	0.77	ARCIX
SGYAX	0.93	0.81		0.93	0.76	0.91	0.94	SGYAX
BXHCX	0.96	0.71	0.93		0.84	0.91	0.98	BXHCX
ABTYX	0.83	0.42	0.76	0.84		0.66	0.83	ABTYX
MRHYX	0.9	0.75	0.91	0.91	0.66		0.87	MRHYX
ARTFX	0.96	0.77	0.94	0.98	0.83	0.87		ARTFX
	GHVIX	ARCIX	SGYAX	BXHCX	ABTYX	MRHYX	ARTFX

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 Rochester 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 Rochester'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
GHVIX	0.16	0.00	0.18	(0.11)	0.16	(0.17)	0.30	(0.35)	1.01
ARCIX	0.54	0.12	0.19	(1.90)	0.51	(0.60)	1.22	(1.02)	4.94
SGYAX	0.16	0.02	0.19	0.14	0.07	(0.26)	0.56	(0.28)	1.57
BXHCX	0.13	0.00	0.13	0.05	0.14	(0.19)	0.37	(0.37)	1.00
ABTYX	0.24	(0.01)	0.06	0.21	0.34	(0.28)	0.50	(0.59)	1.55
MRHYX	0.13	0.00	0.16	(0.03)	0.13	(0.17)	0.24	(0.24)	0.95
ARTFX	0.13	0.00	0.19	(0.07)	0.09	(0.20)	0.44	(0.22)	0.89

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

Invesco Rochester Correlations

Invesco Rochester Correlation With Market

Average diversification

Moving together with Invesco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY