Invesco Charter Correlations
The correlation of Invesco Charter 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 |
Moving together with Invesco Mutual Fund
0.76 | OARDX | Oppenheimer Rising | PairCorr |
0.85 | AMHYX | Invesco High Yield | PairCorr |
0.86 | OSICX | Oppenheimer Strategic | PairCorr |
0.97 | OSMAX | Oppenheimer International | PairCorr |
0.97 | OSMCX | Oppenheimer International | PairCorr |
0.85 | PXCCX | Invesco Select Risk | PairCorr |
0.98 | PXCIX | Invesco Select Risk | PairCorr |
0.99 | OTFCX | Oppenheimer Target | PairCorr |
0.99 | PXMQX | Invesco Select Risk | PairCorr |
0.99 | DIGGX | Invesco Discovery | PairCorr |
0.99 | PXMMX | Invesco Select Risk | PairCorr |
0.99 | OCAIX | Oppenheimer Aggrssv | PairCorr |
0.97 | OCCIX | Oppenheimer Cnsrvtv | PairCorr |
0.89 | STBCX | Invesco Short Term | PairCorr |
0.61 | MLPRX | Oppenheimer Steelpath Mlp | PairCorr |
0.89 | STBYX | Invesco Short Term | PairCorr |
0.71 | MLPDX | Oppenheimer Steelpath Mlp | PairCorr |
0.65 | MLPAX | Oppenheimer Steelpath Mlp | PairCorr |
0.72 | MLPGX | Oppenheimer Steelpath Mlp | PairCorr |
0.65 | MLPFX | Oppenheimer Steelpath Mlp | PairCorr |
0.73 | MLPEX | Steelpath Select | PairCorr |
0.66 | MLPLX | Oppenheimer Steelpath Mlp | PairCorr |
0.85 | OCMIX | Oppenheimer Moderate | PairCorr |
1.0 | SCCUX | Invesco Low Volatility | PairCorr |
1.0 | SCIUX | Invesco Low Volatility | PairCorr |
0.83 | INGFX | Invesco Oppenheimer | PairCorr |
0.99 | FSIUX | Invesco Dividend Income | PairCorr |
0.99 | ODIIX | Oppenheimer Discovery | PairCorr |
1.0 | SCRUX | Invesco Low Volatility | PairCorr |
0.83 | ODMAX | Oppenheimer Developing | PairCorr |
0.87 | FSTEX | Invesco Energy | PairCorr |
0.99 | FSTUX | Invesco Dividend Income | PairCorr |
0.97 | INSLX | Aim International Mutual | PairCorr |
0.83 | ODVCX | Oppenheimer Developing | PairCorr |
Moving against Invesco Mutual Fund
Related Correlations Analysis
1.0 | 0.99 | 1.0 | 1.0 | 1.0 | 0.99 | JNGTX | ||
1.0 | 0.99 | 1.0 | 1.0 | 1.0 | 0.99 | VITAX | ||
0.99 | 0.99 | 1.0 | 0.99 | 0.99 | 0.98 | HTECX | ||
1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0.99 | NWHOX | ||
1.0 | 1.0 | 0.99 | 1.0 | 1.0 | 0.99 | PTTEX | ||
1.0 | 1.0 | 0.99 | 1.0 | 1.0 | 0.99 | ITYYX | ||
0.99 | 0.99 | 0.98 | 0.99 | 0.99 | 0.99 | TEFQX | ||
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Risk-Adjusted Indicators
There is a big difference between Invesco Mutual Fund performing well and Invesco Charter 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 Charter'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
JNGTX | 0.86 | 0.28 | 0.26 | 0.41 | 0.58 | 2.30 | 5.89 | |||
VITAX | 0.96 | 0.26 | 0.24 | 0.37 | 0.73 | 2.53 | 6.67 | |||
HTECX | 0.95 | 0.21 | 0.21 | 0.33 | 0.58 | 2.39 | 7.03 | |||
NWHOX | 0.97 | 0.23 | 0.21 | 0.34 | 0.70 | 2.71 | 6.71 | |||
PTTEX | 1.02 | 0.30 | 0.23 | 0.43 | 0.78 | 3.13 | 6.54 | |||
ITYYX | 0.93 | 0.29 | 0.27 | 0.42 | 0.59 | 2.70 | 6.21 | |||
TEFQX | 1.37 | 0.41 | 0.29 | 0.48 | 0.96 | 3.42 | 8.93 |