Invesco Short Correlations

Mutual Funds . USA . 
Fund . Invesco Short Term
STBAX Fund  USD 8.10  0.01  0.12%   
The current 90-days correlation between Invesco Short Term and Qs Global Equity is 0.06 (i.e., Significant 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

Average diversification

The correlation between Invesco Short Term and DJI is 0.13 (i.e., Average 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 World Market Map 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 nation.

Moving together with Invesco Mutual Fund

  0.69OARDX Oppenheimer RisingPairCorr
  0.68AMHYX Invesco High YieldPairCorr
  0.67OSICX Oppenheimer StrategicPairCorr
  0.61OSMAX Oppenheimer InternationalPairCorr
  0.95HYIFX Invesco High YieldPairCorr
  0.68HYINX Invesco High YieldPairCorr
  0.93ILAAX Invesco Income AllocationPairCorr
  0.7PXCCX Invesco Select RiskPairCorr
  0.7PXCIX Invesco Select RiskPairCorr
  0.87PXGGX Invesco Select RiskPairCorr
  0.87OTFCX Oppenheimer TargetPairCorr
  0.96EMLDX Invesco Emerging MarketsPairCorr
  0.88PXMQX Invesco Select RiskPairCorr
  0.88PXMSX Invesco Select RiskPairCorr
  0.87DIGGX Invesco DiscoveryPairCorr
  0.88PXMMX Invesco Select RiskPairCorr
  0.64PXQIX Invesco Select RiskPairCorr
  0.87OCAIX Oppenheimer AggrssvPairCorr
  0.69OCCIX Oppenheimer CnsrvtvPairCorr
  0.99STBCX Invesco Short TermPairCorr
  0.73STBYX Invesco Short TermPairCorr
  0.99STBRX Invesco Short TermPairCorr

Moving against Invesco Mutual Fund

  0.32VMICX Invesco Municipal IncomePairCorr
  0.33OCACX Oppenheimer Roc CaPairCorr

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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