Invesco Short Correlations

Mutual Funds . USA . 
Fund . Invesco Short Term
ISTFX Fund  USD 8.11  0.01  0.12%   
The current 90-days correlation between Invesco Short Term and Vanguard Global Equity is -0.16 (i.e., Good diversification). The correlation of Invesco Short 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 Short Correlation With Market

Good diversification

The correlation between Invesco Short Term and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Short Term 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 Short Term. 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

  0.93OARDX Oppenheimer RisingPairCorr
  0.97AMHYX Invesco High YieldPairCorr
  0.96OSICX Oppenheimer StrategicPairCorr
  0.92OSMAX Oppenheimer InternationalPairCorr
  0.92OSMCX Oppenheimer InternationalPairCorr
  0.96HYIFX Invesco High YieldPairCorr
  0.96HYINX Invesco High YieldPairCorr
  0.95ILAAX Invesco Income AllocationPairCorr
  0.95PXCCX Invesco Select RiskPairCorr
  0.64BRCRX Invesco Balanced RiskPairCorr
  0.64BRCNX Invesco Balanced RiskPairCorr
  0.95PXCIX Invesco Select RiskPairCorr
  0.62BRCCX Invesco Balanced RiskPairCorr
  0.64BRCAX Invesco Balanced RiskPairCorr
  0.65BRCYX Invesco Balanced RiskPairCorr
  0.91PXGGX Invesco Select RiskPairCorr
  0.91OTFCX Oppenheimer TargetPairCorr
  0.97EMLDX Invesco Emerging MarketsPairCorr
  0.92PXMQX Invesco Select RiskPairCorr
  0.92PXMSX Invesco Select RiskPairCorr
  0.91DIGGX Invesco DiscoveryPairCorr
  0.92PXMMX Invesco Select RiskPairCorr
  0.91PXQIX Invesco Select RiskPairCorr
  0.91OCAIX Oppenheimer AggrssvPairCorr
  0.95OCCIX Oppenheimer CnsrvtvPairCorr
  0.99STBAX Invesco Short TermPairCorr
  0.99STBCX Invesco Short TermPairCorr
  0.99STBYX Invesco Short TermPairCorr
  0.99STBRX Invesco Short TermPairCorr
  0.63MLPAX Oppenheimer Steelpath MlpPairCorr
  0.63MLPGX Oppenheimer Steelpath MlpPairCorr
  0.65MLPFX Oppenheimer Steelpath MlpPairCorr
  0.63MLPEX Steelpath SelectPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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