Invesco Low Correlations

SCCUX Fund

USD 11.01 0.14 1.26%

The current 90-days correlation between Invesco Low Volatility and Rbc Funds Trust is 0.62 (i.e., Poor 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 0.61 (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 employment.

Moving together with Invesco Mutual Fund

0.67	AMHYX	Invesco High Yield	Pair Corr
0.72	HYIFX	Invesco High Yield	Pair Corr
0.68	HYINX	Invesco High Yield	Pair Corr
0.91	ILAAX	Invesco Income Allocation	Pair Corr
0.68	PXCCX	Invesco Select Risk	Pair Corr
0.73	BRCRX	Invesco Balanced Risk	Pair Corr
0.72	BRCNX	Invesco Balanced Risk	Pair Corr
0.68	PXCIX	Invesco Select Risk	Pair Corr
0.73	BRCCX	Invesco Balanced Risk	Pair Corr
0.72	BRCYX	Invesco Balanced Risk	Pair Corr
0.78	EMLDX	Invesco Emerging Markets	Pair Corr
0.83	PXMQX	Invesco Select Risk	Pair Corr
0.95	PXMSX	Invesco Select Risk	Pair Corr
0.83	PXMMX	Invesco Select Risk	Pair Corr
0.74	OCCIX	Oppenheimer Cnsrvtv	Pair Corr
0.7	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	MLPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.64	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	MLPEX	Steelpath Select	Pair Corr
0.64	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	REVAX	PIEQX	DLENX	ARTNX	GMCOX	MNCRX	NWCSX	DODFX
REVAX		0.86	0.82	0.72	0.77	0.83	0.73	0.89	REVAX
PIEQX	0.86		0.96	0.83	0.7	0.9	0.81	0.98	PIEQX
DLENX	0.82	0.96		0.77	0.67	0.84	0.75	0.94	DLENX
ARTNX	0.72	0.83	0.77		0.59	0.82	0.88	0.85	ARTNX
GMCOX	0.77	0.7	0.67	0.59		0.88	0.81	0.74	GMCOX
MNCRX	0.83	0.9	0.84	0.82	0.88		0.86	0.89	MNCRX
NWCSX	0.73	0.81	0.75	0.88	0.81	0.86		0.84	NWCSX
DODFX	0.89	0.98	0.94	0.85	0.74	0.89	0.84		DODFX
	REVAX	PIEQX	DLENX	ARTNX	GMCOX	MNCRX	NWCSX	DODFX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
REVAX	0.68	0.07	0.10	0.09	0.82	(0.75)	1.28	(1.54)	3.31
PIEQX	0.57	0.09	0.19	(0.54)	0.68	(0.64)	1.16	(1.09)	3.81
DLENX	0.12	0.02	0.45	4.19	0.00	(0.16)	0.22	(0.11)	0.67
ARTNX	0.52	0.05	0.10	0.02	0.69	(0.59)	1.19	(0.97)	3.97
GMCOX	0.23	0.02	0.29	(0.53)	0.15	(0.29)	0.61	(0.49)	1.24
MNCRX	0.22	0.02	0.24	(0.31)	0.22	(0.27)	0.46	(0.38)	1.84
NWCSX	0.31	0.04	0.20	0.35	0.33	(0.37)	0.68	(0.58)	2.23
DODFX	0.58	0.08	0.17	(0.66)	0.69	(0.61)	1.16	(1.02)	3.37

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Invesco Low Correlations

Invesco Low Correlation With Market

Poor diversification

Moving together with Invesco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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