Invesco International Correlations

Mutual Funds . USA . 
Fund . Invesco International Growth
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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Invesco International 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 manufacturing.

Moving together with Invesco Mutual Fund

  0.63OARDX Oppenheimer RisingPairCorr
  0.62OSMAX Oppenheimer InternationalPairCorr
  0.63OSMCX Oppenheimer InternationalPairCorr
  0.63OTFCX Oppenheimer TargetPairCorr
  0.61DIGGX Invesco DiscoveryPairCorr
  0.61PXMMX Invesco Select RiskPairCorr
  0.62OCRDX Oppenheimer RisingPairCorr
  0.81SCAUX Invesco Low VolatilityPairCorr
  0.79INBQX Aim Investment FundsPairCorr
  0.62FSIUX Invesco Dividend IncomePairCorr

Moving against Invesco Mutual Fund

  0.39VMICX Invesco Municipal IncomePairCorr
  0.31VMIIX Invesco Municipal IncomePairCorr
  0.41OCACX Oppenheimer Roc CaPairCorr

Related Correlations Analysis

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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.

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