Invesco Growth Correlations

Mutual Funds . USA . 
Fund . Invesco Growth And
ACGIX Fund  USD 22.85  0.12  0.53%   
The current 90-days correlation between Invesco Growth And and Cref Inflation Linked Bond is -0.29 (i.e., Very good diversification). The correlation of Invesco Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Invesco Growth And and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Growth 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 Growth 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

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  0.99AMRMX American MutualPairCorr
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  0.99DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.94ERH Allspring Utilities AndPairCorr
  0.96WHIYX Ivy High IncomePairCorr
  0.96IVHIX Ivy High IncomePairCorr
  0.96IHIFX Ivy High IncomePairCorr
  0.96WRHIX Ivy High IncomePairCorr
  0.96WHIAX Ivy High IncomePairCorr
  0.77CSJZX Cohen Steers RealtyPairCorr
  0.77CSRSX Cohen Steers RealtyPairCorr
  0.69IBM International BusinessPairCorr
  0.64CSCO Cisco SystemsPairCorr
  0.68CVX Chevron CorpPairCorr

Moving against Invesco Mutual Fund

  0.34TRV The Travelers CompaniesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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