Invesco Value Correlations

Mutual Funds . USA . 
Fund . Invesco Value Opportunities
VVONX Fund  USD 22.67  0.03  0.13%   
The current 90-days correlation between Invesco Value Opport and Pnc International Equity is -0.17 (i.e., Good diversification). The correlation of Invesco Value 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 Value Correlation With Market

Very poor diversification

The correlation between Invesco Value Opportunities and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Value Opportunities 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 Value Opportunities. 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

  0.7OARDX Oppenheimer RisingPairCorr
  0.96AMHYX Invesco High YieldPairCorr
  0.88OSICX Oppenheimer StrategicPairCorr
  0.98OSMAX Oppenheimer InternationalPairCorr
  0.98OSMCX Oppenheimer InternationalPairCorr
  0.97HYIFX Invesco High YieldPairCorr
  0.97HYINX Invesco High YieldPairCorr
  0.98ILAAX Invesco Income AllocationPairCorr
  0.97PXCCX Invesco Select RiskPairCorr
  0.7BRCRX Invesco Balanced RiskPairCorr
  0.71BRCNX Invesco Balanced RiskPairCorr
  0.97PXCIX Invesco Select RiskPairCorr
  0.69BRCCX Invesco Balanced RiskPairCorr
  0.71BRCAX Invesco Balanced RiskPairCorr
  0.72BRCYX Invesco Balanced RiskPairCorr
  0.99PXGGX Invesco Select RiskPairCorr
  0.99OTFCX Oppenheimer TargetPairCorr
  0.9EMLDX Invesco Emerging MarketsPairCorr
  0.99PXMQX Invesco Select RiskPairCorr
  0.99PXMSX Invesco Select RiskPairCorr
  0.99DIGGX Invesco DiscoveryPairCorr
  0.99PXMMX Invesco Select RiskPairCorr
  0.99PXQIX Invesco Select RiskPairCorr
  0.99OCAIX Oppenheimer AggrssvPairCorr
  0.97OCCIX Oppenheimer CnsrvtvPairCorr
  0.87STBAX Invesco Short TermPairCorr
  0.86STBCX Invesco Short TermPairCorr
  0.81MLPRX Oppenheimer Steelpath MlpPairCorr
  0.87STBYX Invesco Short TermPairCorr
  0.86STBRX Invesco Short TermPairCorr
  0.81MLPDX Oppenheimer Steelpath MlpPairCorr
  0.8MLPAX Oppenheimer Steelpath MlpPairCorr
  0.79MLPGX Oppenheimer Steelpath MlpPairCorr
  0.86MLPFX Oppenheimer Steelpath MlpPairCorr
  0.85MLPEX Steelpath SelectPairCorr
  0.72MLPMX 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 Value 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 Value'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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