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

  0.67AMHYX Invesco High YieldPairCorr
  0.72HYIFX Invesco High YieldPairCorr
  0.68HYINX Invesco High YieldPairCorr
  0.91ILAAX Invesco Income AllocationPairCorr
  0.68PXCCX Invesco Select RiskPairCorr
  0.73BRCRX Invesco Balanced RiskPairCorr
  0.72BRCNX Invesco Balanced RiskPairCorr
  0.68PXCIX Invesco Select RiskPairCorr
  0.73BRCCX Invesco Balanced RiskPairCorr
  0.72BRCYX Invesco Balanced RiskPairCorr
  0.78EMLDX Invesco Emerging MarketsPairCorr
  0.83PXMQX Invesco Select RiskPairCorr
  0.95PXMSX Invesco Select RiskPairCorr
  0.83PXMMX Invesco Select RiskPairCorr
  0.74OCCIX Oppenheimer CnsrvtvPairCorr
  0.7MLPRX Oppenheimer Steelpath MlpPairCorr
  0.68MLPDX Oppenheimer Steelpath MlpPairCorr
  0.68MLPAX Oppenheimer Steelpath MlpPairCorr
  0.65MLPGX Oppenheimer Steelpath MlpPairCorr
  0.64MLPFX Oppenheimer Steelpath MlpPairCorr
  0.65MLPEX Steelpath SelectPairCorr
  0.64MLPMX Oppenheimer Steelpath MlpPairCorr

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.