Invesco Select Correlations

PXGGX Fund

USD 14.48 0.02 0.14%

The current 90-days correlation between Invesco Select Risk and Ocm Mutual Fund is 0.03 (i.e., Significant diversification). The correlation of Invesco Select 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 Select Correlation With Market

Good diversification

The correlation between Invesco Select Risk and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Select Risk and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco Select Risk. 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 price.

Moving together with Invesco Mutual Fund

0.73	VMICX	Invesco Municipal Income	Pair Corr
0.82	VMINX	Invesco Municipal Income	Pair Corr
0.72	VMIIX	Invesco Municipal Income	Pair Corr
0.77	AMHYX	Invesco High Yield	Pair Corr
0.76	OSMAX	Oppenheimer International	Pair Corr
0.85	OSMCX	Oppenheimer International	Pair Corr
0.62	HYIFX	Invesco High Yield	Pair Corr
0.79	ILAAX	Invesco Income Allocation	Pair Corr
0.84	PXCCX	Invesco Select Risk	Pair Corr
0.83	PXCIX	Invesco Select Risk	Pair Corr
0.74	OTFCX	Oppenheimer Target	Pair Corr
0.61	EMLDX	Invesco Emerging Markets	Pair Corr
0.71	PXMQX	Invesco Select Risk	Pair Corr
0.84	PXMSX	Invesco Select Risk	Pair Corr
0.65	DIGGX	Invesco Discovery	Pair Corr
0.71	PXMMX	Invesco Select Risk	Pair Corr
1.0	PXQIX	Invesco Select Risk	Pair Corr
0.8	OCACX	Oppenheimer Roc Ca	Pair Corr
1.0	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.88	OCCIX	Oppenheimer Cnsrvtv	Pair Corr

Related Correlations Analysis

	OCMAX	XGGNX	OGMCX	IIGCX	QGLDX	FEGOX	IOGYX	SGDLX
OCMAX		0.87	0.98	0.98	0.86	0.96	0.94	0.95	OCMAX
XGGNX	0.87		0.88	0.8	0.67	0.85	0.92	0.87	XGGNX
OGMCX	0.98	0.88		0.97	0.82	0.93	0.95	0.95	OGMCX
IIGCX	0.98	0.8	0.97		0.91	0.96	0.93	0.95	IIGCX
QGLDX	0.86	0.67	0.82	0.91		0.94	0.85	0.89	QGLDX
FEGOX	0.96	0.85	0.93	0.96	0.94		0.97	0.98	FEGOX
IOGYX	0.94	0.92	0.95	0.93	0.85	0.97		0.99	IOGYX
SGDLX	0.95	0.87	0.95	0.95	0.89	0.98	0.99		SGDLX
	OCMAX	XGGNX	OGMCX	IIGCX	QGLDX	FEGOX	IOGYX	SGDLX

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Select 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 Select'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
OCMAX	1.22	0.14	0.09	0.47	1.51	(1.26)	2.45	(2.52)	6.57
XGGNX	0.69	0.01	0.02	0.12	0.88	(0.76)	1.27	(1.41)	3.99
OGMCX	1.23	0.08	0.05	0.15	1.53	(1.36)	2.62	(2.67)	7.38
IIGCX	1.24	0.17	0.10	0.37	1.50	(1.27)	2.68	(2.90)	6.97
QGLDX	0.77	0.15	0.13	1.44	1.00	(0.81)	1.40	(1.74)	4.28
FEGOX	1.17	0.16	0.11	2.16	1.43	(1.25)	2.28	(2.65)	6.86
IOGYX	1.26	0.11	0.07	0.86	1.52	(1.42)	2.61	(2.64)	7.37
SGDLX	1.23	0.11	0.06	0.76	1.57	(1.27)	2.36	(2.88)	6.91

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Invesco Select Correlations

Invesco Select Correlation With Market

Good diversification

Moving together with Invesco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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