Invesco International Correlations
AIIYX Fund | USD 23.70 0.04 0.17% |
The current 90-days correlation between Invesco International and Invesco Municipal Income is 0.07 (i.e., Significant 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
Good diversification
The correlation between Invesco International Growth and DJI is -0.12 (i.e., Good 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
0.64 | OSMCX | Oppenheimer International | PairCorr |
0.96 | OTFCX | Oppenheimer Target | PairCorr |
0.97 | PXMQX | Invesco Select Risk | PairCorr |
0.95 | DIGGX | Invesco Discovery | PairCorr |
0.97 | PXMMX | Invesco Select Risk | PairCorr |
0.81 | STBCX | Invesco Short Term | PairCorr |
0.82 | MLPEX | Steelpath Select | PairCorr |
0.94 | SCAUX | Invesco Low Volatility | PairCorr |
0.94 | SCCUX | Invesco Low Volatility | PairCorr |
0.83 | INBQX | Aim Investment Funds | PairCorr |
0.94 | SCIUX | Invesco Low Volatility | PairCorr |
0.93 | FSIUX | Invesco Dividend Income | PairCorr |
0.95 | SCRUX | Invesco Low Volatility | PairCorr |
0.93 | PIFFX | Invesco Multi Asset | PairCorr |
0.94 | FTCHX | Invesco Technology | PairCorr |
0.86 | OEMAX | Ophmr Eml Dbt | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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VMICX | 0.19 | (0.02) | 0.00 | (0.38) | 0.00 | 0.45 | 1.32 | |||
VMINX | 0.19 | (0.03) | 0.00 | (0.20) | 0.00 | 0.44 | 1.40 | |||
VMIIX | 0.19 | (0.02) | 0.00 | (0.23) | 0.00 | 0.53 | 1.40 | |||
OARDX | 0.52 | 0.19 | 0.20 | 0.51 | 0.00 | 1.51 | 4.09 | |||
AMHYX | 0.16 | 0.05 | (0.23) | 0.46 | 0.00 | 0.58 | 1.13 | |||
OSICX | 0.24 | 0.05 | (0.23) | (2.91) | 0.00 | 0.64 | 1.56 | |||
OSMAX | 0.56 | 0.10 | 0.04 | 0.38 | 0.48 | 1.29 | 2.91 | |||
OSMCX | 0.57 | 0.13 | 0.05 | 0.52 | 0.51 | 1.30 | 2.93 | |||
HYIFX | 0.18 | 0.07 | (0.25) | (1.41) | 0.00 | 0.58 | 1.15 | |||
HYINX | 0.14 | 0.05 | 0.00 | 0.84 | 0.00 | 0.57 | 0.87 |