Invesco Bond Correlations

Mutual Funds . USA . 
Fund . Invesco Bond
XVBFX Fund  USD 16.20  0.04  0.25%   
The current 90-days correlation between Invesco Bond and Ab Bond Inflation is 0.55 (i.e., Very weak diversification). The correlation of Invesco Bond 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 Bond Correlation With Market

Very weak diversification

The correlation between Invesco Bond and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Bond and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Invesco Bond. 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 census.

Moving together with Invesco Mutual Fund

  0.74VTSAX Vanguard Total StockPairCorr
  0.74VFIAX Vanguard 500 IndexPairCorr
  0.74VTSMX Vanguard Total StockPairCorr
  0.74VITSX Vanguard Total StockPairCorr
  0.74VSTSX Vanguard Total StockPairCorr
  0.74VSMPX Vanguard Total StockPairCorr
  0.74VFINX Vanguard 500 IndexPairCorr
  0.74VFFSX Vanguard 500 IndexPairCorr
  0.75VGTSX Vanguard Total InterPairCorr
  0.75VTIAX Vanguard Total InterPairCorr
  0.74NHS Neuberger Berman HighPairCorr
  0.75NSBFX Nuveen Santa BarbaraPairCorr
  0.77SBTOX Sanford C BernsteinPairCorr
  0.61NPSCX Nuveen Preferred SecPairCorr
  0.95PAXBX Pax E BondPairCorr
  0.71AVCNX American Century EtfPairCorr
  0.72DEIGX Massmutual PremierPairCorr
  0.74TRBOX T Rowe PricePairCorr
  0.63LDP Cohen Steers LimitedPairCorr
  0.72ETJ Eaton Vance RiskPairCorr
  0.75FSELX Fidelity Select SemiPairCorr
  0.72PIEFX Pnc Emerging MarketsPairCorr
  0.71CIRRX Cohen Steers RealPairCorr
  0.77GGMMX Gabelli Global MiniPairCorr
  0.71NIEAX Dreyfusnewton InternationalPairCorr
  0.71AFDVX Applied Finance ExplorerPairCorr
  0.73PLBEX Plumb EquityPairCorr
  0.74AEYCX Equity GrowthPairCorr
  0.82SIRAX Sierra E RetirementPairCorr
  0.97MRBCX Mfs Total ReturnPairCorr
  0.95SCSTX Sterling Capital SecPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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