Invesco Equity Correlations

Mutual Funds . USA . 
Fund . Invesco Equity And
ACEIX Fund  USD 11.03  0.04  0.36%   
The current 90-days correlation between Invesco Equity And and Federated Emerging Market is 0.46 (i.e., Very weak diversification). The correlation of Invesco Equity 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 Equity Correlation With Market

Good diversification

The correlation between Invesco Equity And and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Equity And and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Invesco Equity And. 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 gross domestic product.

Moving together with Invesco Mutual Fund

  0.9FBONX American Funds AmericanPairCorr
  0.9FBAFX American Funds AmericanPairCorr
  0.89ABALX American BalancedPairCorr
  0.9BALCX American BalancedPairCorr
  0.9BALFX American BalancedPairCorr
  0.9RLBCX American BalancedPairCorr
  0.9RLBBX American BalancedPairCorr
  0.9CLBAX American BalancedPairCorr
  0.9CLBEX American BalancedPairCorr
  0.9RLBFX American BalancedPairCorr
  0.84ASG Liberty All StarPairCorr
  0.85IIF Morgan Stanley IndiaPairCorr
  0.86CII Blackrock EnhancedPairCorr
  0.83ETV Eaton Vance TaxPairCorr
  0.62CLM Cornerstone StrategicPairCorr
  0.62CRF Cornerstone StrategicPairCorr
  0.8USA Liberty All StarPairCorr
  0.87ETY Eaton Vance TaxPairCorr
  0.9NFJ Virtus Dividend InterestPairCorr

Moving against Invesco Mutual Fund

  0.61MCD McDonaldsPairCorr
  0.5TRV The Travelers CompaniesPairCorr
  0.34HPQ HP IncPairCorr
  0.32VZ Verizon Communications Aggressive PushPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Equity 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 Equity'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.

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