Invesco Emerging Correlations

Mutual Funds . USA . 
Fund . Invesco Emerging Markets
EMLDX Fund  USD 5.45  0.02  0.37%   
The current 90-days correlation between Invesco Emerging Markets and T Rowe Price is 0.12 (i.e., Average diversification). The correlation of Invesco Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Invesco Emerging Markets and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Invesco Emerging Markets. 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 unemployment.

Moving together with Invesco Mutual Fund

  0.67OSICX Oppenheimer StrategicPairCorr
  0.85PXGGX Invesco Select RiskPairCorr
  0.84OTFCX Oppenheimer TargetPairCorr
  0.86PXMQX Invesco Select RiskPairCorr
  0.86PXMSX Invesco Select RiskPairCorr
  0.86PXMMX Invesco Select RiskPairCorr
  0.88STBAX Invesco Short TermPairCorr
  0.95STBCX Invesco Short TermPairCorr
  0.67STBYX Invesco Short TermPairCorr
  0.88STBRX Invesco Short TermPairCorr

Moving against Invesco Mutual Fund

  0.53VMICX Invesco Municipal IncomePairCorr
  0.46VMIIX Invesco Municipal IncomePairCorr
  0.38VMINX Invesco Municipal IncomePairCorr
  0.48OCACX 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 Emerging 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 Emerging'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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