Invesco Sp Correlations

SPIAX Fund

USD 59.69 0.12 0.20%

The current 90-days correlation between Invesco Sp 500 and Fidelity Advisor Diversified is 0.66 (i.e., Poor diversification). The correlation of Invesco Sp 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 Sp Correlation With Market

Poor diversification

The correlation between Invesco Sp 500 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 Sp 500 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 Sp 500. 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 nation.

Moving together with Invesco Mutual Fund

0.82	OARDX	Oppenheimer Rising	Pair Corr
0.87	PXMQX	Invesco Select Risk	Pair Corr
0.84	DIGGX	Invesco Discovery	Pair Corr
0.89	OCMIX	Oppenheimer Moderate	Pair Corr
0.89	OEGAX	Oppenheimer Discovery Mid	Pair Corr
0.9	FTPIX	Invesco Technology	Pair Corr
0.91	CHRRX	Invesco Charter	Pair Corr
0.92	CHRSX	Invesco Charter	Pair Corr
0.93	CHTVX	Invesco Charter	Pair Corr
0.89	CHTCX	Invesco Charter	Pair Corr
0.9	VADAX	Invesco Equally Weig	Pair Corr
0.85	VSMIX	Invesco Small Cap	Pair Corr
0.77	ACESX	Invesco Equity And	Pair Corr
0.8	ACGLX	Invesco Growth And	Pair Corr

Moving against Invesco Mutual Fund

0.5	STBAX	Invesco Short Term	Pair Corr
0.34	OSICX	Oppenheimer Strategic	Pair Corr
0.32	IORLX	Aim Taxexempt Funds	Pair Corr

Related Correlations Analysis

	FZABX	LIGFX	WDIAX	PGDIX	FXOKX	DIFIX	DLTZX	PRWLX
FZABX		0.77	0.63	0.85	0.97	0.89	0.77	0.96	FZABX
LIGFX	0.77		0.94	0.63	0.77	0.71	0.46	0.7	LIGFX
WDIAX	0.63	0.94		0.5	0.67	0.59	0.38	0.57	WDIAX
PGDIX	0.85	0.63	0.5		0.86	0.95	0.91	0.9	PGDIX
FXOKX	0.97	0.77	0.67	0.86		0.89	0.81	0.98	FXOKX
DIFIX	0.89	0.71	0.59	0.95	0.89		0.89	0.92	DIFIX
DLTZX	0.77	0.46	0.38	0.91	0.81	0.89		0.85	DLTZX
PRWLX	0.96	0.7	0.57	0.9	0.98	0.92	0.85		PRWLX
	FZABX	LIGFX	WDIAX	PGDIX	FXOKX	DIFIX	DLTZX	PRWLX

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Sp 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 Sp'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
FZABX	0.81	0.06	0.06	0.01	1.36	(0.73)	1.45	(1.50)	6.16
LIGFX	0.33	0.01	0.00	(0.05)	0.00	0.00	0.55	(0.67)	1.75
WDIAX	0.65	0.05	0.07	0.00	0.90	(0.64)	1.23	(1.48)	3.64
PGDIX	0.14	0.00	0.37	(0.01)	0.14	(0.17)	0.34	(0.34)	0.94
FXOKX	0.73	0.12	0.13	0.10	1.00	(0.77)	1.39	(1.38)	6.15
DIFIX	0.29	0.02	0.17	0.00	0.35	(0.33)	0.58	(0.57)	1.51
DLTZX	0.08	0.01	0.50	0.51	0.00	(0.18)	0.26	(0.13)	0.64
PRWLX	0.71	0.11	0.13	0.12	0.93	(0.75)	1.37	(1.63)	5.68

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