Invesco International Correlations

Mutual Funds . USA . 
Fund . Invesco International Small
IEGYX Fund  USD 23.82  0.07  0.29%   
The current 90-days correlation between Invesco International and Pnc Balanced Allocation is 0.55 (i.e., Very weak diversification). The correlation of Invesco International 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 International Correlation With Market

Good diversification

The correlation between Invesco International Small and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco International Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Invesco International Small. 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 manufacturing.

Moving together with INVESCO Mutual Fund

  0.97OARDX Oppenheimer RisingPairCorr
  0.97AMHYX Invesco High YieldPairCorr
  0.92OSICX Oppenheimer StrategicPairCorr
  0.99OSMAX Oppenheimer InternationalPairCorr
  0.98OSMCX Oppenheimer InternationalPairCorr
  0.97HYIFX Invesco High YieldPairCorr
  0.97HYINX Invesco High YieldPairCorr
  0.96ILAAX Invesco Income AllocationPairCorr
  0.97PXCCX Invesco Select RiskPairCorr
  0.69BRCRX Invesco Balanced RiskPairCorr
  0.7BRCNX Invesco Balanced RiskPairCorr
  0.97PXCIX Invesco Select RiskPairCorr
  0.68BRCCX Invesco Balanced RiskPairCorr
  0.7BRCAX Invesco Balanced RiskPairCorr
  0.71BRCYX Invesco Balanced RiskPairCorr
  0.97PXGGX Invesco Select RiskPairCorr
  0.97OTFCX Oppenheimer TargetPairCorr
  0.93EMLDX Invesco Emerging MarketsPairCorr
  0.98PXMQX Invesco Select RiskPairCorr
  0.97PXMSX Invesco Select RiskPairCorr
  0.97DIGGX Invesco DiscoveryPairCorr
  0.98PXMMX Invesco Select RiskPairCorr
  0.98PXQIX Invesco Select RiskPairCorr
  0.97OCAIX Oppenheimer AggrssvPairCorr
  0.96OCCIX Oppenheimer CnsrvtvPairCorr
  0.9STBAX Invesco Short TermPairCorr
  0.88STBCX Invesco Short TermPairCorr
  0.68MLPRX Oppenheimer Steelpath MlpPairCorr
  0.91STBYX Invesco Short TermPairCorr
  0.9STBRX Invesco Short TermPairCorr
  0.68MLPDX Oppenheimer Steelpath MlpPairCorr
  0.72MLPAX Oppenheimer Steelpath MlpPairCorr
  0.68MLPGX Oppenheimer Steelpath MlpPairCorr
  0.78MLPFX Oppenheimer Steelpath MlpPairCorr
  0.76MLPEX Steelpath SelectPairCorr

Moving against INVESCO Mutual Fund

  0.33VMICX Invesco Municipal IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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