Invesco Dividend Correlations

Mutual Funds . USA . 
Fund . Invesco Dividend Income
FSTUX Fund  USD 27.93  0.17  0.61%   
The current 90-days correlation between Invesco Dividend Income and Morningstar Municipal Bond is -0.07 (i.e., Good diversification). The correlation of Invesco Dividend 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 Dividend Correlation With Market

Very good diversification

The correlation between Invesco Dividend Income and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Dividend Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Invesco Dividend Income. 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 employment.

Moving together with Invesco Mutual Fund

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  0.85GNXCX Alphacentric GlobalPairCorr
  0.77GLDZX Low Duration BondPairCorr
  0.73RRSVX Rbc Small CapPairCorr
  0.74JILMX Multimanager LifestylePairCorr
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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Dividend 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 Dividend'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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