Invesco Peak Correlations
| PKRVXDelisted Fund | USD 10.26 0.00 0.00% |
The current 90-days correlation between Invesco Peak Retirement and Dreyfus Short Intermediate is -0.06 (i.e., Good diversification). The correlation of Invesco Peak 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 Peak Correlation With Market
Very good diversification
The correlation between Invesco Peak Retirement and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Peak Retirement and DJI in the same portfolio, assuming nothing else is changed.
Invesco |
Moving against Invesco Mutual Fund
| 0.42 | XDSMX | Dreyfus Strategic | PairCorr |
| 0.39 | VFIFX | Vanguard Target Reti | PairCorr |
| 0.37 | XNXJX | Nuveen New Jersey | PairCorr |
| 0.35 | AALTX | American Funds 2050 | PairCorr |
| 0.35 | CCITX | American Funds 2050 | PairCorr |
| 0.35 | FAITX | American Funds 2050 | PairCorr |
| 0.34 | FRLPX | Fidelity Freedom Index | PairCorr |
| 0.34 | FIPFX | Fidelity Freedom Index | PairCorr |
| 0.34 | XPPRX | Voya Prime Rate | PairCorr |
| 0.41 | MLPTX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.4 | DBLIX | Doubleline Income | PairCorr |
| 0.36 | HMSFX | Hennessy Bp Midstream | PairCorr |
| 0.33 | SSMKX | State Street Smallmid | PairCorr |
| 0.37 | PFPPX | Midcap Growth | PairCorr |
| 0.34 | FSGAX | Franklin Small Mid | PairCorr |
| 0.31 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.31 | LGLUX | L Abbett Growth | PairCorr |
| 0.31 | DSHZX | Brinker Capital Dest | PairCorr |
Related Correlations Analysis
| 0.81 | 0.1 | 0.6 | 0.08 | DIMIX | ||
| 0.81 | -0.06 | 0.83 | 0.33 | VMSSX | ||
| 0.1 | -0.06 | -0.36 | -0.19 | ASCLX | ||
| 0.6 | 0.83 | -0.36 | 0.55 | RSDIX | ||
| 0.08 | 0.33 | -0.19 | 0.55 | DULTX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Invesco Mutual Fund performing well and Invesco Peak 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 Peak'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DIMIX | 0.06 | (0.02) | 0.00 | (1.27) | 0.00 | 0.08 | 0.55 | |||
| VMSSX | 0.07 | (0.01) | 0.00 | (4.02) | 0.00 | 0.22 | 0.66 | |||
| ASCLX | 0.47 | (0.08) | 0.00 | (0.11) | 0.00 | 0.74 | 8.96 | |||
| RSDIX | 0.08 | (0.01) | (0.23) | (1.77) | 0.09 | 0.21 | 0.72 | |||
| DULTX | 0.05 | 0.01 | 0.00 | (0.88) | 0.00 | 0.10 | 0.81 |
Invesco Peak Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Invesco Peak mutual fund to make a market-neutral strategy. Peer analysis of Invesco Peak could also be used in its relative valuation, which is a method of valuing Invesco Peak by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Invesco Peak Retirement?
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