Invesco Senior Correlations

XVVRX Fund

USD 3.53 0.01 0.28%

The current 90-days correlation between Invesco Senior Income and Steward Small Mid Cap is 0.06 (i.e., Significant diversification). The correlation of Invesco Senior 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 Senior Correlation With Market

Excellent diversification

The correlation between Invesco Senior Income and DJI is -0.69 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Senior Income 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 Senior 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 real.

Moving together with Invesco Mutual Fund

0.69

HYT

Blackrock Corporate High

Pair Corr

Moving against Invesco Mutual Fund

0.8	VTIAX	Vanguard Total Inter	Pair Corr
0.79	PHK	Pimco High Income	Pair Corr
0.72	NEA	Nuveen Amt Free	Pair Corr
0.58	VBTLX	Vanguard Total Bond	Pair Corr
0.55	VTSMX	Vanguard Total Stock	Pair Corr
0.55	VITSX	Vanguard Total Stock	Pair Corr
0.55	VSMPX	Vanguard Total Stock	Pair Corr
0.54	VTSAX	Vanguard Total Stock	Pair Corr
0.54	VSTSX	Vanguard Total Stock	Pair Corr
0.54	VFINX	Vanguard 500 Index	Pair Corr
0.53	VFIAX	Vanguard 500 Index	Pair Corr
0.52	VFFSX	Vanguard 500 Index	Pair Corr
0.51	CSQ	Calamos Strategic Total	Pair Corr
0.48	DNP	Dnp Select Income	Pair Corr
0.84	DFSVX	Us Small Cap	Pair Corr
0.82	RYOIX	Biotechnology Fund	Pair Corr
0.82	GPINX	Guidepath Income	Pair Corr
0.81	IVITX	Vy Invesco Growth	Pair Corr
0.8	ESMYX	Invesco European Small	Pair Corr
0.79	SMLPX	Salient Mlp Energy	Pair Corr
0.77	GRGDX	Goldman Sachs Enhanced	Pair Corr
0.76	LGMNX	Loomis Sayles Global	Pair Corr
0.76	MVALX	Meridian Contrarian	Pair Corr
0.75	RPGRX	T Rowe Price	Pair Corr
0.74	REIZX	Third Avenue Interna	Pair Corr
0.72	RDWFX	American Funds Developing	Pair Corr
0.7	CUSUX	Six Circles Unconstrained	Pair Corr
0.69	JGCCX	Janus Global Allocation	Pair Corr
0.65	SSRSX	State Street Real	Pair Corr
0.63	PFN	Pimco Income Strategy	Pair Corr
0.63	AMPCX	Amcap Fund Class	Pair Corr
0.87	FSKLX	Fidelity Sai Interna	Pair Corr
0.83	FNRAX	Franklin Natural Res	Pair Corr
0.82	SPGEX	Symmetry Panoramic Global	Pair Corr
0.8	HDTVX	Janus Henderson Div	Pair Corr
0.79	ABECX	American Beacon	Pair Corr
0.77	RPFDX	T Rowe Price	Pair Corr

Related Correlations Analysis

	IDE	DRSVX	CHN	DHF	GF	SCUIX	VBF	NWGSX	TRDFX
IDE		0.92	0.67	0.61	0.91	0.84	-0.14	0.79	0.9	IDE
DRSVX	0.92		0.55	0.55	0.93	0.91	-0.18	0.8	0.9	DRSVX
CHN	0.67	0.55		0.46	0.73	0.62	-0.05	0.79	0.78	CHN
DHF	0.61	0.55	0.46		0.53	0.33	0.29	0.34	0.48	DHF
GF	0.91	0.93	0.73	0.53		0.93	-0.23	0.9	0.95	GF
SCUIX	0.84	0.91	0.62	0.33	0.93		-0.33	0.9	0.93	SCUIX
VBF	-0.14	-0.18	-0.05	0.29	-0.23	-0.33		-0.27	-0.22	VBF
NWGSX	0.79	0.8	0.79	0.34	0.9	0.9	-0.27		0.95	NWGSX
TRDFX	0.9	0.9	0.78	0.48	0.95	0.93	-0.22	0.95		TRDFX
	IDE	DRSVX	CHN	DHF	GF	SCUIX	VBF	NWGSX	TRDFX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TRDFX	+ 0.95	GF
TRDFX	+ 0.95	NWGSX
GF	+ 0.93	DRSVX
SCUIX	+ 0.93	GF
TRDFX	+ 0.93	SCUIX
DRSVX	+ 0.92	IDE

High negative correlations

VBF	- 0.33	SCUIX
NWGSX	- 0.27	VBF
VBF	- 0.23	GF
TRDFX	- 0.22	VBF
VBF	- 0.18	DRSVX
VBF	- 0.14	IDE

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Senior 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 Senior'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
IDE	0.55	0.20	0.12	(1.16)	0.50	(0.68)	1.34	(1.47)	2.83
DRSVX	0.78	0.16	0.17	0.24	0.57	(0.93)	2.29	(1.37)	4.30
CHN	3.61	(0.10)	0.00	(0.11)	0.00	0.00	8.82	(7.53)	21.98
DHF	0.54	(0.02)	(0.11)	0.01	0.60	(0.76)	1.21	(1.22)	2.46
GF	0.78	0.16	0.09	0.40	0.89	(0.85)	1.84	(2.00)	4.91
SCUIX	1.08	0.29	0.33	0.28	0.39	(1.24)	2.39	(1.76)	17.73
VBF	0.26	(0.02)	0.00	(0.31)	0.00	0.00	0.59	(0.52)	1.63
NWGSX	1.59	0.49	0.52	0.49	0.27	(2.36)	2.38	(1.63)	36.95
TRDFX	0.91	0.27	0.21	1.67	0.50	(1.09)	2.13	(1.40)	10.63

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