Invesco Low Correlations

Mutual Funds . USA . 
Fund . Invesco Low Volatility
SCIUX Fund  USD 11.57  0.01  0.09%   
The current 90-days correlation between Invesco Low Volatility and Franklin Moderate Allocation is 0.9 (i.e., Almost no diversification). The correlation of Invesco Low 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 Low Correlation With Market

Very poor diversification

The correlation between Invesco Low Volatility and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Low Volatility and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Invesco Low Volatility. 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 employment.

Moving together with Invesco Mutual Fund

  1.0OARDX Oppenheimer RisingPairCorr
  0.98AMHYX Invesco High YieldPairCorr
  0.9OSICX Oppenheimer StrategicPairCorr
  0.98OSMAX Oppenheimer InternationalPairCorr
  0.98OSMCX Oppenheimer InternationalPairCorr
  0.98HYIFX Invesco High YieldPairCorr
  0.98HYINX Invesco High YieldPairCorr
  0.99ILAAX Invesco Income AllocationPairCorr
  0.98PXCCX Invesco Select RiskPairCorr
  0.67BRCRX Invesco Balanced RiskPairCorr
  0.68BRCNX Invesco Balanced RiskPairCorr
  0.98PXCIX Invesco Select RiskPairCorr
  0.66BRCCX Invesco Balanced RiskPairCorr
  0.68BRCYX Invesco Balanced RiskPairCorr
  1.0PXGGX Invesco Select RiskPairCorr
  1.0OTFCX Oppenheimer TargetPairCorr
  0.92EMLDX Invesco Emerging MarketsPairCorr
  1.0PXMQX Invesco Select RiskPairCorr
  1.0PXMSX Invesco Select RiskPairCorr
  0.99DIGGX Invesco DiscoveryPairCorr
  1.0PXMMX Invesco Select RiskPairCorr
  1.0OCAIX Oppenheimer AggrssvPairCorr
  0.98OCCIX Oppenheimer CnsrvtvPairCorr
  0.91STBAX Invesco Short TermPairCorr
  0.9STBCX Invesco Short TermPairCorr
  0.77MLPRX Oppenheimer Steelpath MlpPairCorr
  0.9STBYX Invesco Short TermPairCorr
  0.77MLPDX Oppenheimer Steelpath MlpPairCorr
  0.77MLPAX Oppenheimer Steelpath MlpPairCorr
  0.76MLPGX Oppenheimer Steelpath MlpPairCorr
  0.81MLPFX Oppenheimer Steelpath MlpPairCorr
  0.8MLPEX Steelpath SelectPairCorr
  0.68MLPMX Oppenheimer Steelpath MlpPairCorr
  0.69MLPLX Oppenheimer Steelpath MlpPairCorr
  1.0OCMIX Oppenheimer ModeratePairCorr
  1.0OCRDX Oppenheimer RisingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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