Invesco Short Correlations

Mutual Funds . USA . 
Fund . Invesco Short Term
STBRX Fund  USD 8.12  0.01  0.12%   
The current 90-days correlation between Invesco Short Term and Vanguard Global Equity is -0.21 (i.e., Very 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 -0.16 (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 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 metropolitan statistical area.

Moving together with Invesco Mutual Fund

  0.91OARDX Oppenheimer RisingPairCorr
  0.95AMHYX Invesco High YieldPairCorr
  0.95OSICX Oppenheimer StrategicPairCorr
  0.9OSMAX Oppenheimer InternationalPairCorr
  0.89OSMCX Oppenheimer InternationalPairCorr
  0.95HYIFX Invesco High YieldPairCorr
  0.94HYINX Invesco High YieldPairCorr
  0.93ILAAX Invesco Income AllocationPairCorr
  0.94PXCCX Invesco Select RiskPairCorr
  0.61BRCRX Invesco Balanced RiskPairCorr
  0.62BRCNX Invesco Balanced RiskPairCorr
  0.94PXCIX Invesco Select RiskPairCorr
  0.62BRCAX Invesco Balanced RiskPairCorr
  0.63BRCYX Invesco Balanced RiskPairCorr
  0.89PXGGX Invesco Select RiskPairCorr
  0.89OTFCX Oppenheimer TargetPairCorr
  0.96EMLDX Invesco Emerging MarketsPairCorr
  0.9PXMQX Invesco Select RiskPairCorr
  0.9PXMSX Invesco Select RiskPairCorr
  0.89DIGGX Invesco DiscoveryPairCorr
  0.9PXMMX Invesco Select RiskPairCorr
  0.89PXQIX Invesco Select RiskPairCorr
  0.89OCAIX Oppenheimer AggrssvPairCorr
  0.94OCCIX Oppenheimer CnsrvtvPairCorr
  0.99STBAX Invesco Short TermPairCorr
  0.99STBCX Invesco Short TermPairCorr
  0.99STBYX Invesco Short TermPairCorr
  0.61MLPAX Oppenheimer Steelpath MlpPairCorr
  0.61MLPGX Oppenheimer Steelpath MlpPairCorr
  0.62MLPFX Oppenheimer Steelpath MlpPairCorr

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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