Invesco Multi-asset Correlations

Mutual Funds . USA . 
Fund . Invesco Multi Asset Income
PINFX Fund  USD 5.16  0.01  0.19%   
The current 90-days correlation between Invesco Multi Asset and Short Duration Inflation is 0.51 (i.e., Very weak diversification). The correlation of Invesco Multi-asset 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 Multi-asset Correlation With Market

Weak diversification

The correlation between Invesco Multi Asset Income and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Multi Asset Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco Multi Asset 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 census.

Moving together with Invesco Mutual Fund

  0.7PEYAX Putnam Equity IncomePairCorr
  0.7PFICX Putnam Floating RatePairCorr
  0.78PFJAX Putnam High YieldPairCorr
  0.7PFLRX Putnam Floating RatePairCorr
  0.71PFLLX Putnam Floating RatePairCorr
  0.7PFRYX Putnam Floating RatePairCorr
  0.69PFRZX Putnam Floating RatePairCorr
  0.96PGBRX Putnam Global IncomePairCorr
  0.78PGEYX George PutnamPairCorr
  0.78PGFMX Putnam Global FinancialsPairCorr
  0.76PGEJX George Putnam BalancedPairCorr
  0.76PGEOX George PutnamPairCorr
  0.76PGELX George Putnam BalancedPairCorr
  0.76PGEMX George PutnamPairCorr
  0.91PGGYX Putnam Global IncmPairCorr
  0.96PGGDX Putnam Global IncomePairCorr
  0.9PGGEX Putnam Global IncomePairCorr
  0.94PGGLX Putnam Global IncmPairCorr
  0.91PGGIX Putnam Global IncomePairCorr
  0.73PGIAX Pnc Fds GrPairCorr
  0.74PGIEX Putnam Global IndustrialsPairCorr
  0.75PGIOX Putnam Global IndustrialsPairCorr
  0.75PGILX Putnam Global IndustrialsPairCorr
  0.79PGLEX Putnam Global EquityPairCorr
  0.79PGLRX Putnam Global EquityPairCorr
  0.72PGODX Putnam Growth OpportPairCorr
  0.72PGOEX Putnam Growth OpportPairCorr
  0.78PGPRX George PutnamPairCorr
  0.72PGORX Putnam Growth OpportPairCorr
  0.72PGOYX Putnam Growth OpportPairCorr
  0.76PGPCX George PutnamPairCorr
  0.96PGSIX Putnam U SPairCorr

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 Multi-asset 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 Multi-asset'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