Invesco Technology Correlations

Mutual Funds . USA . 
Fund . Invesco Technology Fund
FTCHX Fund  USD 66.82  0.04  0.06%   
The current 90-days correlation between Invesco Technology and Seafarer Overseas Growth is 0.43 (i.e., Very weak diversification). The correlation of Invesco Technology 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 Technology Correlation With Market

Poor diversification

The correlation between Invesco Technology Fund and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Technology Fund 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 Technology Fund. 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 rate.

Moving together with Invesco Mutual Fund

  0.69VVPR VivoPower International Downward RallyPairCorr
  0.95DBD Diebold Nixdorf,PairCorr
  0.68GENVR Gen Digital ContingentPairCorr
  0.65CYCUW Cycurion, Warrant Symbol ChangePairCorr
  0.77BULLW Webull Warrants Tech BoostPairCorr
  0.72MIND Mind TechnologyPairCorr
  0.92HPE-PC Hewlett Packard EntePairCorr
  0.91CORZZ Core Scientific, TranchePairCorr
  0.74RZLVW Rezolve AI LimitedPairCorr
  0.84SATX SatixFy CommunicationsPairCorr
  0.9STRF MicroStrategy IncorporatedPairCorr

Moving against Invesco Mutual Fund

  0.86VSTE Vast RenewablesPairCorr
  0.85HPAIW Helport AI LimitedPairCorr
  0.79VISL Vislink TechnologiesPairCorr
  0.64APCXW AppTech Payments CorpPairCorr
  0.59EXOD Exodus Movement, Tech BoostPairCorr
  0.38DVLT Datavault AI Symbol ChangePairCorr
  0.31VBIX Viewbix Common StockPairCorr
  0.9SMTK SmartKem, Common StockPairCorr
  0.84NOVA Sunnova Energy InterPairCorr
  0.73APCX Apptech CorpPairCorr
  0.51ODYS Odysightai Common StockPairCorr
  0.46SLNHP Soluna Holdings PreferredPairCorr
  0.44AXIL AXIL Brands, TrendingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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