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.
  
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

  0.68AMHYX Invesco High YieldPairCorr
  0.72HYIFX Invesco High YieldPairCorr
  0.69HYINX Invesco High YieldPairCorr
  0.9ILAAX Invesco Income AllocationPairCorr
  0.68PXCCX Invesco Select RiskPairCorr
  0.73BRCRX Invesco Balanced RiskPairCorr
  0.73BRCNX Invesco Balanced RiskPairCorr
  0.68PXCIX Invesco Select RiskPairCorr
  0.74BRCCX Invesco Balanced RiskPairCorr
  0.61BRCAX Invesco Balanced RiskPairCorr
  0.72BRCYX Invesco Balanced RiskPairCorr
  0.78EMLDX Invesco Emerging MarketsPairCorr
  0.83PXMQX Invesco Select RiskPairCorr
  0.94PXMSX Invesco Select RiskPairCorr
  0.83PXMMX Invesco Select RiskPairCorr
  0.73OCCIX Oppenheimer CnsrvtvPairCorr
  0.71MLPRX Oppenheimer Steelpath MlpPairCorr
  0.69MLPDX Oppenheimer Steelpath MlpPairCorr
  0.68MLPAX Oppenheimer Steelpath MlpPairCorr
  0.65MLPGX Oppenheimer Steelpath MlpPairCorr
  0.65MLPFX Oppenheimer Steelpath MlpPairCorr
  0.65MLPEX Steelpath SelectPairCorr
  0.65MLPMX Oppenheimer Steelpath MlpPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.