Invesco Energy Correlations
IENSX Fund | USD 31.39 0.10 0.32% |
The correlation of Invesco Energy 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 Energy Correlation With Market
Significant diversification
The correlation between Invesco Energy and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Energy and DJI in the same portfolio, assuming nothing else is changed.
Invesco |
Moving together with Invesco Mutual Fund
0.64 | OARDX | Oppenheimer Rising | PairCorr |
0.64 | AMHYX | Invesco High Yield | PairCorr |
0.88 | HYIFX | Invesco High Yield | PairCorr |
0.88 | HYINX | Invesco High Yield | PairCorr |
0.88 | ILAAX | Invesco Income Allocation | PairCorr |
0.63 | PXCCX | Invesco Select Risk | PairCorr |
0.87 | BRCRX | Invesco Balanced Risk | PairCorr |
0.88 | BRCNX | Invesco Balanced Risk | PairCorr |
0.87 | PXCIX | Invesco Select Risk | PairCorr |
0.86 | BRCCX | Invesco Balanced Risk | PairCorr |
0.87 | BRCAX | Invesco Balanced Risk | PairCorr |
0.68 | BRCYX | Invesco Balanced Risk | PairCorr |
0.86 | PXGGX | Invesco Select Risk | PairCorr |
0.84 | OTFCX | Oppenheimer Target | PairCorr |
0.82 | EMLDX | Invesco Emerging Markets | PairCorr |
0.86 | PXMQX | Invesco Select Risk | PairCorr |
0.86 | PXMSX | Invesco Select Risk | PairCorr |
0.86 | DIGGX | Invesco Discovery | PairCorr |
0.86 | PXMMX | Invesco Select Risk | PairCorr |
0.86 | OCAIX | Oppenheimer Aggrssv | PairCorr |
0.86 | OCCIX | Oppenheimer Cnsrvtv | PairCorr |
0.79 | STBAX | Invesco Short Term | PairCorr |
0.76 | STBCX | Invesco Short Term | PairCorr |
0.79 | STBYX | Invesco Short Term | PairCorr |
0.77 | STBRX | Invesco Short Term | PairCorr |
0.72 | MLPDX | Oppenheimer Steelpath Mlp | PairCorr |
0.62 | MLPAX | Oppenheimer Steelpath Mlp | PairCorr |
0.78 | MLPGX | Oppenheimer Steelpath Mlp | PairCorr |
0.74 | MLPEX | Steelpath Select | PairCorr |
Moving against Invesco Mutual Fund
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