Invesco Short Correlations

Mutual Funds . USA . 
Fund . Invesco Short Term
STMUX Fund  USD 3.71  0.01  0.27%   
The current 90-days correlation between Invesco Short Term and Ab Bond Inflation is 0.13 (i.e., Average 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

Very weak diversification

The correlation between Invesco Short Term and DJI is 0.41 (i.e., Very weak 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 employment.

Moving together with Invesco Mutual Fund

  0.79OARDX Oppenheimer RisingPairCorr
  0.77AMHYX Invesco High YieldPairCorr
  0.73OSICX Oppenheimer StrategicPairCorr
  0.71OSMAX Oppenheimer InternationalPairCorr
  0.71OSMCX Oppenheimer InternationalPairCorr
  0.77HYIFX Invesco High YieldPairCorr
  0.77HYINX Invesco High YieldPairCorr
  0.78ILAAX Invesco Income AllocationPairCorr
  0.78PXCCX Invesco Select RiskPairCorr
  0.78PXCIX Invesco Select RiskPairCorr
  0.92PXGGX Invesco Select RiskPairCorr
  0.91OTFCX Oppenheimer TargetPairCorr
  0.77EMLDX Invesco Emerging MarketsPairCorr
  0.92PXMQX Invesco Select RiskPairCorr
  0.92PXMSX Invesco Select RiskPairCorr
  0.91DIGGX Invesco DiscoveryPairCorr
  0.75PXMMX Invesco Select RiskPairCorr
  0.75PXQIX Invesco Select RiskPairCorr
  0.74OCAIX Oppenheimer AggrssvPairCorr
  0.78OCCIX Oppenheimer CnsrvtvPairCorr
  0.94STBAX Invesco Short TermPairCorr
  0.94STBCX Invesco Short TermPairCorr
  0.78STBYX Invesco Short TermPairCorr
  0.94STBRX Invesco Short TermPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY