Invesco Dividend Correlations

FSTUX Fund

USD 28.73 0.06 0.21%

The current 90-days correlation between Invesco Dividend Income and Guidemark Large Cap is -0.28 (i.e., Very good diversification). The correlation of Invesco Dividend 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 Dividend Correlation With Market

Very good diversification

The correlation between Invesco Dividend Income and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Dividend Income 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 Dividend Income. 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 main economic indicators.

Moving together with Invesco Mutual Fund

0.84	VVIAX	Vanguard Value Index	Pair Corr
0.69	DOXGX	Dodge Cox Stock	Pair Corr
0.93	AFMFX	American Mutual	Pair Corr
0.93	FFMMX	American Funds American	Pair Corr
0.93	FFFMX	American Funds American	Pair Corr
0.8	AMRMX	American Mutual	Pair Corr
0.72	AMFFX	American Mutual	Pair Corr
0.71	AMFCX	American Mutual	Pair Corr
0.87	DODGX	Dodge Stock Fund	Pair Corr
0.97	VIVAX	Vanguard Value Index	Pair Corr
0.77	PDI	Pimco Dynamic Income	Pair Corr
0.86	FTCAX	Templeton Strained Bond	Pair Corr
0.68	NVG	Nuveen Amt Free	Pair Corr
0.82	TRV	The Travelers Companies	Pair Corr
0.7	VZ	Verizon Communications	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.66	INTC	Intel Aggressive Push	Pair Corr
0.66	T	ATT Inc	Pair Corr

Moving against Invesco Mutual Fund

0.87	UIPIX	Ultrashort Mid Cap	Pair Corr
0.85	USPSX	Profunds Ultrashort	Pair Corr
0.75	USPIX	Profunds Ultrashort	Pair Corr
0.53	KO	Coca Cola	Pair Corr
0.52	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	GMLGX	ENGRX	LTFOX	PTEZX	LMUSX	DLQIX	RTLCX	FLRAX
GMLGX		0.98	0.95	0.99	0.99	0.97	0.95	0.96	GMLGX
ENGRX	0.98		0.94	0.98	0.97	0.98	0.95	0.96	ENGRX
LTFOX	0.95	0.94		0.97	0.97	0.91	0.98	0.98	LTFOX
PTEZX	0.99	0.98	0.97		0.99	0.97	0.96	0.97	PTEZX
LMUSX	0.99	0.97	0.97	0.99		0.95	0.96	0.96	LMUSX
DLQIX	0.97	0.98	0.91	0.97	0.95		0.93	0.94	DLQIX
RTLCX	0.95	0.95	0.98	0.96	0.96	0.93		0.99	RTLCX
FLRAX	0.96	0.96	0.98	0.97	0.96	0.94	0.99		FLRAX
	GMLGX	ENGRX	LTFOX	PTEZX	LMUSX	DLQIX	RTLCX	FLRAX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GMLGX	0.48	0.05	0.09	0.11	0.32	(0.58)	1.11	(0.73)	2.54
ENGRX	0.17	0.03	(0.07)	0.16	0.00	(0.23)	0.35	(0.24)	0.94
LTFOX	0.36	0.08	0.01	(0.33)	0.31	(0.41)	0.93	(0.50)	1.78
PTEZX	0.43	0.08	0.13	0.16	0.23	(0.52)	1.04	(0.59)	2.71
LMUSX	0.42	0.09	0.16	0.18	0.14	(0.51)	1.04	(0.58)	2.42
DLQIX	0.47	0.04	0.06	0.11	0.39	(0.56)	1.00	(0.73)	2.73
RTLCX	0.42	0.10	0.05	(0.40)	0.36	(0.48)	0.88	(0.63)	2.53
FLRAX	0.45	0.12	0.10	(0.53)	0.28	(0.53)	1.05	(0.64)	2.61

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