Invesco European Correlations

Mutual Funds . USA . 
Fund . Invesco European Growth
AEDAX Fund  USD 35.59  0.06  0.17%   
The current 90-days correlation between Invesco European Growth and Lord Abbett Inflation is 0.17 (i.e., Average diversification). The correlation of Invesco European 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 European Correlation With Market

Very weak diversification

The correlation between Invesco European Growth and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco European Growth 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 European Growth. 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

  0.9OARDX Oppenheimer RisingPairCorr
  0.88AMHYX Invesco High YieldPairCorr
  0.84OSICX Oppenheimer StrategicPairCorr
  0.95OSMAX Oppenheimer InternationalPairCorr
  0.95OSMCX Oppenheimer InternationalPairCorr
  0.88HYIFX Invesco High YieldPairCorr
  0.88HYINX Invesco High YieldPairCorr
  0.9ILAAX Invesco Income AllocationPairCorr
  0.9PXCCX Invesco Select RiskPairCorr
  0.9PXCIX Invesco Select RiskPairCorr
  0.94PXGGX Invesco Select RiskPairCorr
  0.92OTFCX Oppenheimer TargetPairCorr
  0.83EMLDX Invesco Emerging MarketsPairCorr
  0.94PXMQX Invesco Select RiskPairCorr
  0.94PXMSX Invesco Select RiskPairCorr
  0.92DIGGX Invesco DiscoveryPairCorr
  0.94PXMMX Invesco Select RiskPairCorr
  0.94PXQIX Invesco Select RiskPairCorr
  0.94OCAIX Oppenheimer AggrssvPairCorr
  0.9OCCIX Oppenheimer CnsrvtvPairCorr
  0.78STBAX Invesco Short TermPairCorr
  0.78STBCX Invesco Short TermPairCorr
  0.77MLPRX Oppenheimer Steelpath MlpPairCorr
  0.78STBYX Invesco Short TermPairCorr
  0.78STBRX Invesco Short TermPairCorr
  0.77MLPDX Oppenheimer Steelpath MlpPairCorr
  0.71MLPAX Oppenheimer Steelpath MlpPairCorr
  0.71MLPGX Oppenheimer Steelpath MlpPairCorr
  0.82MLPFX Oppenheimer Steelpath MlpPairCorr
  0.81MLPEX Steelpath SelectPairCorr
  0.63MLPMX Oppenheimer Steelpath MlpPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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