Invesco International Correlations
AIIYX Fund | USD 23.70 0.04 0.17% |
The current 90-days correlation between Invesco International and Dunham High Yield is 0.13 (i.e., Average diversification). The correlation of Invesco International 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 International Correlation With Market
Very weak diversification
The correlation between Invesco International Growth and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco International Growth and DJI in the same portfolio, assuming nothing else is changed.
Invesco |
Moving together with Invesco Mutual Fund
0.63 | OARDX | Oppenheimer Rising | PairCorr |
0.62 | OSMAX | Oppenheimer International | PairCorr |
0.63 | OSMCX | Oppenheimer International | PairCorr |
0.63 | OTFCX | Oppenheimer Target | PairCorr |
0.61 | DIGGX | Invesco Discovery | PairCorr |
0.61 | PXMMX | Invesco Select Risk | PairCorr |
0.62 | OCRDX | Oppenheimer Rising | PairCorr |
0.81 | SCAUX | Invesco Low Volatility | PairCorr |
0.79 | INBQX | Aim Investment Funds | PairCorr |
0.62 | FSIUX | Invesco Dividend Income | PairCorr |
Moving against Invesco Mutual Fund
0.39 | VMICX | Invesco Municipal Income | PairCorr |
0.31 | VMIIX | Invesco Municipal Income | PairCorr |
0.41 | OCACX | Oppenheimer Roc Ca | PairCorr |
Related Correlations Analysis
0.99 | 0.99 | 0.99 | 0.99 | 0.98 | DNHYX | ||
0.99 | 0.99 | 0.99 | 0.99 | 0.96 | ARTFX | ||
0.99 | 0.99 | 1.0 | 0.99 | 0.97 | PBHAX | ||
0.99 | 0.99 | 1.0 | 1.0 | 0.97 | AGDZX | ||
0.99 | 0.99 | 0.99 | 1.0 | 0.97 | AGDIX | ||
0.98 | 0.96 | 0.97 | 0.97 | 0.97 | ABRUX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Invesco Mutual Fund performing well and Invesco International 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 International'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DNHYX | 0.16 | 0.08 | (0.33) | (2.22) | 0.00 | 0.49 | 1.19 | |||
ARTFX | 0.14 | 0.07 | (0.41) | (2.81) | 0.00 | 0.56 | 0.90 | |||
PBHAX | 0.16 | 0.07 | (0.29) | 18.62 | 0.00 | 0.43 | 1.04 | |||
AGDZX | 0.16 | 0.08 | (0.24) | (2.16) | 0.00 | 0.58 | 1.04 | |||
AGDIX | 0.16 | 0.08 | (0.23) | (2.02) | 0.00 | 0.58 | 1.04 | |||
ABRUX | 0.44 | 0.20 | 0.12 | (5.45) | 0.00 | 1.24 | 2.85 |