Invesco Real Correlations

REINX Fund

USD 16.60 0.66 3.82%

The current 90-days correlation between Invesco Real Estate and Realty Income is 0.72 (i.e., Poor diversification). The correlation of Invesco Real 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 Real Correlation With Market

Modest diversification

The correlation between Invesco Real Estate and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Real Estate 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 Real Estate. 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 board of governors.

Moving together with Invesco Mutual Fund

0.67	O	Realty Income	Pair Corr
0.79	FR	First Industrial Realty	Pair Corr
0.7	UK	Ucommune International	Pair Corr
0.82	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.61	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.63	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.9	VICI	VICI Properties	Pair Corr
0.66	ELME	Elme Communities	Pair Corr

Moving against Invesco Mutual Fund

0.49	MITT-PC	AG Mortgage Investment	Pair Corr
0.4	OZ	Belpointe PREP LLC	Pair Corr
0.47	CDR-PB	Cedar Realty Trust	Pair Corr
0.47	NREF-PA	NexPoint Real Estate	Pair Corr
0.31	ESBA	Empire State Realty	Pair Corr
0.31	AKR	Acadia Realty Trust	Pair Corr

Related Correlations Analysis

	O	DX	FR	HR	KW	OZ	PK	PW	RC	UE
O		-0.51	0.86	0.01	-0.18	-0.7	-0.66	-0.3	0.04	-0.69	O
DX	-0.51		-0.33	0.48	0.34	0.83	0.62	0.19	0.45	0.35	DX
FR	0.86	-0.33		0.18	-0.01	-0.46	-0.35	-0.41	0.43	-0.6	FR
HR	0.01	0.48	0.18		0.62	0.31	0.43	0.19	0.44	0.25	HR
KW	-0.18	0.34	-0.01	0.62		0.22	0.46	0.26	0.17	0.56	KW
OZ	-0.7	0.83	-0.46	0.31	0.22		0.76	0.31	0.47	0.31	OZ
PK	-0.66	0.62	-0.35	0.43	0.46	0.76		0.42	0.46	0.44	PK
PW	-0.3	0.19	-0.41	0.19	0.26	0.31	0.42		-0.11	0.19	PW
RC	0.04	0.45	0.43	0.44	0.17	0.47	0.46	-0.11		-0.26	RC
UE	-0.69	0.35	-0.6	0.25	0.56	0.31	0.44	0.19	-0.26		UE
	O	DX	FR	HR	KW	OZ	PK	PW	RC	UE

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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

FR	+ 0.86	O
OZ	+ 0.83	DX
PK	+ 0.76	OZ
PK	+ 0.62	DX
KW	+ 0.62	HR
UE	+ 0.56	KW

High negative correlations

OZ	- 0.7	O
UE	- 0.69	O
PK	- 0.66	O
UE	- 0.6	FR
DX	- 0.51	O
OZ	- 0.46	FR

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Real 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 Real'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
O	0.85	(0.24)	0.00	(2.99)	0.00	0.00	1.37	(2.41)	5.17
DX	0.72	0.00	(0.01)	0.04	1.03	(0.68)	1.10	(1.47)	3.85
FR	0.89	(0.18)	0.00	(0.31)	0.00	0.00	1.49	(2.06)	3.74
HR	1.24	(0.09)	0.00	(0.31)	0.00	0.00	2.01	(2.71)	8.22
KW	1.46	(0.15)	0.00	(0.09)	0.00	0.00	2.49	(3.10)	9.72
OZ	1.24	0.15	0.09	0.21	1.48	(1.54)	2.91	(2.50)	9.31
PK	1.34	0.01	0.01	0.02	1.85	(1.43)	2.99	(2.71)	10.98
PW	8.29	0.95	0.10	(1.37)	7.84	(11.46)	15.00	(13.84)	119.44
RC	1.35	(0.13)	0.00	(0.10)	0.00	0.00	2.71	(3.50)	8.92
UE	0.87	0.01	0.00	0.03	1.21	(0.85)	1.73	(1.72)	4.42

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