Invesco Managed Correlations

Summary

USMVXDelisted Fund

USD 10.79 0.00 0.00%

The current 90-days correlation between Invesco Managed Vola and Invesco International E is 0.02 (i.e., Significant diversification). The correlation of Invesco Managed 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 Managed Correlation With Market

Significant diversification

The correlation between Invesco Managed Volatility and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Managed 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. 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 real.

Moving against Invesco Mutual Fund

0.48	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.45	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.38	HD	Home Depot	Pair Corr
0.37	HPQ	HP Inc	Pair Corr
0.35	JHBCX	Jhancock Blue Chip	Pair Corr
0.34	CVX	Chevron Corp Earnings Call Next Week	Pair Corr
0.31	INTC	Intel Aggressive Push	Pair Corr

Related Correlations Analysis

	IBVIX	VMICX	VMIBX	VMINX	VMIIX	IBVYX	AMHYX	MSVCX	AMKBX
IBVIX		-0.56	0.0	-0.55	-0.53	0.82	-0.31	-0.04	0.0	IBVIX
VMICX	-0.56		0.0	1.0	0.99	-0.6	0.59	-0.15	0.0	VMICX
VMIBX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	VMIBX
VMINX	-0.55	1.0	0.0		1.0	-0.59	0.63	-0.13	0.0	VMINX
VMIIX	-0.53	0.99	0.0	1.0		-0.58	0.65	-0.09	0.0	VMIIX
IBVYX	0.82	-0.6	0.0	-0.59	-0.58		-0.42	0.04	0.0	IBVYX
AMHYX	-0.31	0.59	0.0	0.63	0.65	-0.42		0.17	0.0	AMHYX
MSVCX	-0.04	-0.15	0.0	-0.13	-0.09	0.04	0.17		0.0	MSVCX
AMKBX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AMKBX
	IBVIX	VMICX	VMIBX	VMINX	VMIIX	IBVYX	AMHYX	MSVCX	AMKBX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VMINX	+ 1.0	VMICX
VMIIX	+ 1.0	VMINX
VMIIX	+ 0.99	VMICX
IBVYX	+ 0.82	IBVIX
AMHYX	+ 0.65	VMIIX
AMHYX	+ 0.63	VMINX

High negative correlations

IBVYX	- 0.6	VMICX
IBVYX	- 0.59	VMINX
IBVYX	- 0.58	VMIIX
VMICX	- 0.56	IBVIX
VMINX	- 0.55	IBVIX
VMIIX	- 0.53	IBVIX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Managed 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 Managed'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
IBVIX	0.91	0.07	0.02	4.04	2.06	(0.99)	1.29	(1.39)	22.69
VMICX	0.22	(0.03)	0.00	(0.38)	0.00	0.00	0.42	(0.50)	1.68
VMIBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VMINX	0.21	(0.03)	0.00	(0.41)	0.00	0.00	0.42	(0.50)	1.60
VMIIX	0.22	(0.03)	0.00	(0.34)	0.00	0.00	0.42	(0.50)	1.60
IBVYX	0.56	0.05	0.02	(0.68)	0.82	(0.62)	1.15	(1.32)	4.58
AMHYX	0.14	0.00	(0.08)	(0.67)	0.09	(0.37)	0.28	(0.28)	1.13
MSVCX	0.86	(0.08)	0.00	(0.19)	0.00	0.00	1.85	(1.58)	7.71
AMKBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Invesco Managed Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Invesco Managed mutual fund to make a market-neutral strategy. Peer analysis of Invesco Managed could also be used in its relative valuation, which is a method of valuing Invesco Managed by comparing valuation metrics with similar companies.

Invesco International E Invesco Municipal Income Invesco Municipal Income Invesco Municipal Income Invesco Municipal Income Invesco International E Invesco High Yield Invesco American Value Invesco Moderate Allocation American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

Still Interested in Invesco Managed Volatility?

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