Invesco Conservative Correlations

ICIFX Fund

USD 10.06 0.00 0.00%

The current 90-days correlation between Invesco Conservative and Wesmark Government Bond is -0.13 (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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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 census.

Moving together with Invesco Mutual Fund

0.65	HYIFX	Invesco High Yield	Pair Corr
0.65	HYINX	Invesco High Yield	Pair Corr
0.61	ILAAX	Invesco Income Allocation	Pair Corr
0.64	BRCRX	Invesco Balanced Risk	Pair Corr
0.64	BRCNX	Invesco Balanced Risk	Pair Corr
0.63	BRCCX	Invesco Balanced Risk	Pair Corr
0.64	BRCAX	Invesco Balanced Risk	Pair Corr
0.68	EMLDX	Invesco Emerging Markets	Pair Corr
0.62	STBAX	Invesco Short Term	Pair Corr
0.63	STBYX	Invesco Short Term	Pair Corr

Moving against Invesco Mutual Fund

0.6	VMICX	Invesco Municipal Income	Pair Corr
0.6	VMINX	Invesco Municipal Income	Pair Corr
0.6	VMIIX	Invesco Municipal Income	Pair Corr
0.63	OCACX	Oppenheimer Roc Ca	Pair Corr

Related Correlations Analysis

	WMBDX	ELMXX	FICMX	DNCGX	BIGLX	SMAAX
WMBDX		0.33	0.98	0.88	0.96	0.59	WMBDX
ELMXX	0.33		0.32	0.48	0.33	0.7	ELMXX
FICMX	0.98	0.32		0.91	0.99	0.64	FICMX
DNCGX	0.88	0.48	0.91		0.91	0.85	DNCGX
BIGLX	0.96	0.33	0.99	0.91		0.68	BIGLX
SMAAX	0.59	0.7	0.64	0.85	0.68		SMAAX
	WMBDX	ELMXX	FICMX	DNCGX	BIGLX	SMAAX

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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
WMBDX	0.28	(0.01)	(0.35)	0.05	0.31	(0.31)	0.52	(0.64)	1.29
ELMXX	0.03	0.01	0.00	(3.32)	0.00	0.00	0.00	0.00	1.01
FICMX	0.31	0.00	(0.26)	0.11	0.35	(0.34)	0.56	(0.68)	1.49
DNCGX	0.19	0.01	(0.42)	0.24	0.15	(0.22)	0.32	(0.41)	1.05
BIGLX	0.30	0.00	(0.32)	0.10	0.31	(0.34)	0.66	(0.56)	1.46
SMAAX	0.11	0.03	(0.55)	1.06	0.00	(0.16)	0.21	(0.10)	0.72

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Invesco Conservative Correlations

Moving together with Invesco Mutual Fund

Moving against Invesco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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