Invesco Diversified Correlations

LCEYX Fund

USD 18.85 0.27 1.45%

The current 90-days correlation between Invesco Diversified and Victory Incore Fund is 0.31 (i.e., Weak diversification). The correlation of Invesco Diversified 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 Diversified Correlation With Market

Weak diversification

The correlation between Invesco Diversified Dividend and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Diversified Dividend and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Invesco Diversified Dividend. 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 manufacturing.

Moving together with Invesco Mutual Fund

0.77	VMICX	Invesco Municipal Income	Pair Corr
0.75	VMINX	Invesco Municipal Income	Pair Corr
0.74	VMIIX	Invesco Municipal Income	Pair Corr
0.98	OARDX	Oppenheimer Rising	Pair Corr
0.96	OSMAX	Oppenheimer International	Pair Corr
0.67	OTFCX	Oppenheimer Target	Pair Corr
0.64	PXMSX	Invesco Select Risk	Pair Corr
0.97	INGFX	Invesco Oppenheimer	Pair Corr
0.88	CGREX	Invesco Global Real	Pair Corr
0.98	CGRCX	Oppenheimer Value	Pair Corr
0.89	GGHYX	Invesco Global Health	Pair Corr
0.89	GGHCX	Invesco Global Health	Pair Corr
0.89	CHRRX	Invesco Charter	Pair Corr
0.89	CHRSX	Invesco Charter	Pair Corr
0.81	AADSX	Invesco Growth Allocation	Pair Corr
0.79	ASIYX	Invesco Asia Pacific	Pair Corr
0.79	ASISX	Invesco Asia Pacific	Pair Corr
0.79	ASIAX	Invesco Asia Pacific	Pair Corr
0.75	OIDAX	Oppenheimer International	Pair Corr
0.72	ACCBX	Invesco Porate Bond	Pair Corr
0.93	IARRX	Invesco Real Estate	Pair Corr
0.93	IARYX	Invesco Real Estate	Pair Corr
0.99	ACSTX	Invesco Comstock	Pair Corr
0.79	ACTHX	Invesco High Yield	Pair Corr

Moving against Invesco Mutual Fund

0.43

VSLAX

Invesco Senior Loan

Pair Corr

Related Correlations Analysis

	VFFRX	PIEQX	FLNCX	PRVBX	JAAIX	TFAGX	GLVIX
VFFRX		0.85	0.24	0.94	0.78	0.31	0.65	VFFRX
PIEQX	0.85		0.39	0.89	0.94	0.69	0.83	PIEQX
FLNCX	0.24	0.39		0.39	0.24	0.27	0.13	FLNCX
PRVBX	0.94	0.89	0.39		0.83	0.41	0.66	PRVBX
JAAIX	0.78	0.94	0.24	0.83		0.75	0.88	JAAIX
TFAGX	0.31	0.69	0.27	0.41	0.75		0.85	TFAGX
GLVIX	0.65	0.83	0.13	0.66	0.88	0.85		GLVIX
	VFFRX	PIEQX	FLNCX	PRVBX	JAAIX	TFAGX	GLVIX

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Diversified 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 Diversified'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
VFFRX	0.08	0.02	0.22	0.63	0.00	(0.17)	0.15	(0.15)	0.44
PIEQX	0.57	0.11	0.15	0.20	0.68	(0.64)	1.16	(1.09)	3.81
FLNCX	0.20	0.00	0.05	(0.06)	0.29	(0.20)	0.40	(0.50)	1.40
PRVBX	0.10	0.02	0.32	0.24	0.00	(0.13)	0.25	(0.17)	0.58
JAAIX	0.15	0.02	0.16	0.14	0.08	(0.21)	0.37	(0.25)	1.13
TFAGX	0.80	0.01	0.01	(0.01)	1.14	(0.83)	1.46	(2.06)	5.07
GLVIX	0.79	0.09	0.10	0.14	0.92	(0.83)	1.39	(1.30)	5.20

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