Invesco Low Correlations

Mutual Funds . USA . 
Fund . Invesco Low Volatility
SCAYX Fund  USD 10.88  0.10  0.91%   
The current 90-days correlation between Invesco Low Volatility and T Rowe Price is -0.15 (i.e., Good diversification). The correlation of Invesco Low 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 Low Correlation With Market

Poor diversification

The correlation between Invesco Low Volatility and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Low Volatility and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Invesco Low Volatility. 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

  0.63OARDX Oppenheimer RisingPairCorr
  0.75ILAAX Invesco Income AllocationPairCorr
  0.84PXGGX Invesco Select RiskPairCorr
  0.69OTFCX Oppenheimer TargetPairCorr
  0.91PXMQX Invesco Select RiskPairCorr
  0.96PXMSX Invesco Select RiskPairCorr
  0.86PXMMX Invesco Select RiskPairCorr
  0.76PXQIX Invesco Select RiskPairCorr
  0.82OCAIX Oppenheimer AggrssvPairCorr
  0.61MLPGX Oppenheimer Steelpath MlpPairCorr
  0.61MLPEX Steelpath SelectPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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