Invesco Real Correlations

REINX Fund

USD 16.90 0.01 0.06%

The current 90-days correlation between Invesco Real Estate and Short Term Government Fund is 0.12 (i.e., Average diversification). The correlation of Invesco Real 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 Real Correlation With Market

Very weak diversification

The correlation between Invesco Real Estate and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Real Estate 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 Real Estate. 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 board of governors.

Moving together with Invesco Mutual Fund

0.79	FR	First Industrial Realty	Pair Corr
0.62	OZ	Belpointe PREP LLC	Pair Corr
0.67	WY	Weyerhaeuser Earnings Call This Week	Pair Corr
0.63	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.62	DOUG	Douglas Elliman	Pair Corr
0.71	VNO-PL	Vornado Realty Trust	Pair Corr
0.66	VNO-PM	Vornado Realty Trust	Pair Corr
0.62	VNO-PN	Vornado Realty Trust	Pair Corr
0.69	MITT-PB	AG Mortgage Investment	Pair Corr
0.69	MITT-PC	AG Mortgage Investment	Pair Corr
0.79	ELME	Elme Communities	Pair Corr
0.61	WELL	Welltower Earnings Call This Week	Pair Corr
0.62	ESBA	Empire State Realty	Pair Corr
0.67	ESRT	Empire State Realty Earnings Call Today	Pair Corr

Moving against Invesco Mutual Fund

0.56	WETH	Wetouch Technology Common	Pair Corr
0.55	WHLR	Wheeler Real Estate	Pair Corr
0.38	ADC	Agree Realty	Pair Corr

Related Correlations Analysis

	TWACX	DPIGX	BIGLX	DNCGX	CGTFX	SSAGX	FICMX
TWACX		0.96	0.93	0.85	0.8	0.81	0.92	TWACX
DPIGX	0.96		0.91	0.91	0.77	0.9	0.9	DPIGX
BIGLX	0.93	0.91		0.83	0.84	0.71	0.99	BIGLX
DNCGX	0.85	0.91	0.83		0.83	0.84	0.83	DNCGX
CGTFX	0.8	0.77	0.84	0.83		0.51	0.87	CGTFX
SSAGX	0.81	0.9	0.71	0.84	0.51		0.68	SSAGX
FICMX	0.92	0.9	0.99	0.83	0.87	0.68		FICMX
	TWACX	DPIGX	BIGLX	DNCGX	CGTFX	SSAGX	FICMX

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Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Real 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 Real'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
TWACX	0.09	0.00	(0.91)	0.15	0.00	(0.16)	0.22	(0.22)	0.56
DPIGX	0.09	0.00	(0.97)	0.40	0.00	(0.13)	0.11	(0.21)	0.63
BIGLX	0.30	0.01	(0.33)	0.44	0.31	(0.34)	0.66	(0.56)	1.46
DNCGX	0.19	0.01	(0.43)	0.25	0.15	(0.23)	0.32	(0.41)	1.05
CGTFX	0.28	0.00	(0.36)	0.16	0.30	(0.30)	0.58	(0.59)	1.27
SSAGX	0.06	0.01	(1.22)	2.26	0.00	(0.18)	0.10	(0.10)	0.61
FICMX	0.31	0.01	(0.27)	0.57	0.35	(0.34)	0.56	(0.68)	1.49

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