Invesco Multi-asset Correlations

Mutual Funds . USA . 
Fund . Invesco Multi Asset Income
PINFX Fund  USD 5.13  0.01  0.20%   
The current 90-days correlation between Invesco Multi Asset and Jhancock Global Equity is 0.27 (i.e., Modest diversification). The correlation of Invesco Multi-asset 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 Multi-asset Correlation With Market

Modest diversification

The correlation between Invesco Multi Asset Income and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Multi Asset Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco Multi Asset Income. 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

  0.74PEYAX Putnam Equity IncomePairCorr
  0.66PEXTX Putnam Tax ExemptPairCorr
  0.73PFICX Putnam Floating RatePairCorr
  0.81PFJAX Putnam High YieldPairCorr
  0.73PFLRX Putnam Floating RatePairCorr
  0.73PFLLX Putnam Floating RatePairCorr
  0.73PFRYX Putnam Floating RatePairCorr
  0.72PFRZX Putnam Floating RatePairCorr
  0.7PXMNX Putnam Minnesota TaxPairCorr
  0.96PGBRX Putnam Global IncomePairCorr
  0.78PGEYX George PutnamPairCorr
  0.81PGFMX Putnam Global FinancialsPairCorr
  0.78PGEJX George Putnam BalancedPairCorr
  0.78PGEOX George PutnamPairCorr
  0.78PGELX George Putnam BalancedPairCorr
  0.78PGEMX George PutnamPairCorr
  0.96PGGYX Putnam Global IncmPairCorr
  0.96PGGDX Putnam Global IncomePairCorr
  0.95PGGEX Putnam Global IncomePairCorr
  0.94PGGLX Putnam Global IncmPairCorr
  0.95PGGIX Putnam Global IncomePairCorr
  0.75PGIAX Pnc Fds GrPairCorr
  0.75PGIEX Putnam Global IndustrialsPairCorr
  0.75PGIOX Putnam Global IndustrialsPairCorr
  0.75PGILX Putnam Global IndustrialsPairCorr
  0.8PGLEX Putnam Global EquityPairCorr
  0.8PGLRX Putnam Global EquityPairCorr
  0.73PGODX Putnam Growth OpportPairCorr
  0.73PGOEX Putnam Growth OpportPairCorr
  0.78PGPRX George PutnamPairCorr
  0.73PGORX Putnam Growth OpportPairCorr
  0.73PGOYX Putnam Growth OpportPairCorr
  0.78PGPCX George PutnamPairCorr
  0.95PGSIX Putnam U SPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Multi-asset 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 Multi-asset'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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