Invesco Low Correlations
| SCRUX Fund | USD 11.16 0.14 1.24% |
The current 90-days correlation between Invesco Low Volatility and Financial Industries Fund is 0.47 (i.e., Very weak 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.
Invesco |
Moving together with Invesco Mutual Fund
| 0.68 | AMHYX | Invesco High Yield | PairCorr |
| 0.72 | HYIFX | Invesco High Yield | PairCorr |
| 0.69 | HYINX | Invesco High Yield | PairCorr |
| 0.9 | ILAAX | Invesco Income Allocation | PairCorr |
| 0.68 | PXCCX | Invesco Select Risk | PairCorr |
| 0.73 | BRCRX | Invesco Balanced Risk | PairCorr |
| 0.73 | BRCNX | Invesco Balanced Risk | PairCorr |
| 0.68 | PXCIX | Invesco Select Risk | PairCorr |
| 0.74 | BRCCX | Invesco Balanced Risk | PairCorr |
| 0.61 | BRCAX | Invesco Balanced Risk | PairCorr |
| 0.72 | BRCYX | Invesco Balanced Risk | PairCorr |
| 0.78 | EMLDX | Invesco Emerging Markets | PairCorr |
| 0.83 | PXMQX | Invesco Select Risk | PairCorr |
| 0.94 | PXMSX | Invesco Select Risk | PairCorr |
| 0.83 | PXMMX | Invesco Select Risk | PairCorr |
| 0.73 | OCCIX | Oppenheimer Cnsrvtv | PairCorr |
| 0.71 | MLPRX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.69 | MLPDX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.68 | MLPAX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.65 | MLPGX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.65 | MLPFX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.65 | MLPEX | Steelpath Select | PairCorr |
| 0.65 | MLPMX | Oppenheimer Steelpath Mlp | PairCorr |
Related Correlations Analysis
| 0.91 | 0.44 | 0.8 | 0.94 | 0.67 | 0.85 | FIDAX | ||
| 0.91 | 0.76 | 0.92 | 0.92 | 0.64 | 0.85 | FAFSX | ||
| 0.44 | 0.76 | 0.73 | 0.54 | 0.37 | 0.56 | VFAIX | ||
| 0.8 | 0.92 | 0.73 | 0.87 | 0.58 | 0.8 | BTO | ||
| 0.94 | 0.92 | 0.54 | 0.87 | 0.66 | 0.85 | RMBLX | ||
| 0.67 | 0.64 | 0.37 | 0.58 | 0.66 | 0.73 | ICFAX | ||
| 0.85 | 0.85 | 0.56 | 0.8 | 0.85 | 0.73 | SBFAX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FIDAX | 0.81 | (0.11) | 0.00 | (0.19) | 0.00 | 1.26 | 7.64 | |||
| FAFSX | 0.72 | (0.02) | 0.00 | (0.09) | 0.00 | 1.20 | 4.74 | |||
| VFAIX | 0.67 | 0.05 | 0.06 | 0.01 | 1.01 | 1.44 | 4.21 | |||
| BTO | 0.96 | (0.08) | 0.00 | (0.15) | 0.00 | 2.31 | 6.36 | |||
| RMBLX | 1.00 | (0.08) | 0.00 | (0.15) | 0.00 | 1.64 | 5.89 | |||
| ICFAX | 0.89 | (0.21) | 0.00 | (0.35) | 0.00 | 1.12 | 15.89 | |||
| SBFAX | 0.79 | (0.11) | 0.00 | (0.21) | 0.00 | 1.40 | 9.91 |