Invesco Conservative Correlations

CNSSX Fund

USD 11.10 0.02 0.18%

The current 90-days correlation between Invesco Conservative and Invesco Municipal Income is -0.04 (i.e., Good diversification). The correlation of Invesco Conservative 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 Conservative Correlation With Market

Good diversification

The correlation between Invesco Conservative Allocatio and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Conservative Allocatio 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 Conservative Allocation. 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 state.

Moving together with Invesco Mutual Fund

0.99	OARDX	Oppenheimer Rising	Pair Corr
0.67	OSICX	Oppenheimer Strategic	Pair Corr
0.66	PXCCX	Invesco Select Risk	Pair Corr
0.66	OCMIX	Oppenheimer Moderate	Pair Corr
0.7	INGFX	Invesco Oppenheimer	Pair Corr
0.65	ODIIX	Oppenheimer Discovery	Pair Corr
0.65	FSTEX	Invesco Energy	Pair Corr
0.62	OEMCX	Ophmr Eml Dbt	Pair Corr
0.69	OGICX	Oppenheimer Global Growth	Pair Corr
0.67	OIBAX	Oppenheimer International	Pair Corr
0.98	OIDAX	Oppenheimer International	Pair Corr
0.75	OIDCX	Oppenheimer International	Pair Corr
0.97	OIGCX	Oppenheimer International	Pair Corr
0.62	OIGAX	Oppenheimer International	Pair Corr
0.99	MSAZX	Invesco Main Street	Pair Corr
0.98	ITYYX	Invesco Technology	Pair Corr
0.62	OLCAX	Oppenheimer Rochester	Pair Corr
0.65	CNSDX	Invesco Vertible Sec	Pair Corr
0.89	IEFCX	Invesco Energy	Pair Corr
0.9	AGIVX	Invesco Government	Pair Corr

Moving against Invesco Mutual Fund

0.41

QOPCX

Oppenheimer Flexible

Pair Corr

Related Correlations Analysis

	VMICX	VMINX	VMIIX	OARDX	AMHYX	OSICX	OSMAX	OSMCX	HYIFX	HYINX
VMICX		0.9	0.99	-0.19	-0.52	-0.3	-0.5	-0.39	-0.53	-0.6	VMICX
VMINX	0.9		0.92	0.08	-0.27	-0.14	-0.27	-0.15	-0.32	-0.42	VMINX
VMIIX	0.99	0.92		-0.11	-0.43	-0.2	-0.41	-0.28	-0.44	-0.53	VMIIX
OARDX	-0.19	0.08	-0.11		0.68	0.67	0.72	0.77	0.63	0.56	OARDX
AMHYX	-0.52	-0.27	-0.43	0.68		0.82	0.96	0.85	0.98	0.88	AMHYX
OSICX	-0.3	-0.14	-0.2	0.67	0.82		0.81	0.89	0.82	0.72	OSICX
OSMAX	-0.5	-0.27	-0.41	0.72	0.96	0.81		0.89	0.95	0.85	OSMAX
OSMCX	-0.39	-0.15	-0.28	0.77	0.85	0.89	0.89		0.84	0.75	OSMCX
HYIFX	-0.53	-0.32	-0.44	0.63	0.98	0.82	0.95	0.84		0.9	HYIFX
HYINX	-0.6	-0.42	-0.53	0.56	0.88	0.72	0.85	0.75	0.9		HYINX
	VMICX	VMINX	VMIIX	OARDX	AMHYX	OSICX	OSMAX	OSMCX	HYIFX	HYINX

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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

VMIIX	+ 0.99	VMICX
HYIFX	+ 0.98	AMHYX
OSMAX	+ 0.96	AMHYX
HYIFX	+ 0.95	OSMAX
VMIIX	+ 0.92	VMINX
VMINX	+ 0.9	VMICX

High negative correlations

HYINX	- 0.6	VMICX
HYINX	- 0.53	VMIIX
HYIFX	- 0.53	VMICX
AMHYX	- 0.52	VMICX
OSMAX	- 0.5	VMICX
HYIFX	- 0.44	VMIIX

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Conservative 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 Conservative'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
VMICX	0.19	(0.02)	0.00	(0.38)	0.00	0.00	0.45	(0.44)	1.32
VMINX	0.19	(0.03)	0.00	(0.20)	0.00	0.00	0.44	(0.44)	1.40
VMIIX	0.19	(0.02)	0.00	(0.23)	0.00	0.00	0.53	(0.44)	1.40
OARDX	0.59	0.22	0.09	(3.60)	0.44	(0.73)	1.79	(1.21)	4.09
AMHYX	0.16	0.05	(0.23)	0.46	0.00	(0.37)	0.58	(0.29)	1.13
OSICX	0.24	0.05	(0.23)	(2.91)	0.00	(0.42)	0.64	(0.32)	1.56
OSMAX	0.56	0.10	0.04	0.38	0.48	(0.62)	1.29	(1.10)	2.91
OSMCX	0.57	0.13	0.05	0.52	0.51	(0.62)	1.30	(1.11)	2.93
HYIFX	0.18	0.07	(0.25)	(1.41)	0.00	(0.38)	0.58	(0.29)	1.15
HYINX	0.14	0.05	0.00	0.84	0.00	0.00	0.57	0.00	0.87

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