Great West Correlations

Mutual Funds . USA . 
Fund . Great West Lifetime 2020
MXAHX Fund  USD 10.55  0.05  0.48%   
The current 90-days correlation between Great West Lifetime and Victory Rs Science is 0.73 (i.e., Poor diversification). The correlation of Great West 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.

Great West Correlation With Market

Poor diversification

The correlation between Great West Lifetime 2020 and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Lifetime 2020 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Great West Lifetime 2020. 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 rate.

Moving together with Great Mutual Fund

  1.0MXAGX Great West LifetimePairCorr
  0.9MXBQX Great West LifetimePairCorr
  0.99MXBPX Great West ModeratelyPairCorr
  0.96MXAPX Great West AggressivePairCorr
  0.93MXATX Great West LifetimePairCorr
  0.94MXAUX Great West LifetimePairCorr
  0.9MXBEX Great West LifetimePairCorr
  0.9MXBDX Great West LifetimePairCorr
  0.93MXBGX Great West LifetimePairCorr
  0.81MXEQX Great West TPairCorr
  0.84MXCPX Great-west ConservativePairCorr
  0.98MXDPX Great West ModeratelyPairCorr
  0.9MXGQX Great West LifetimePairCorr
  0.96MXGTX Great West AggressivePairCorr
  0.81MXFRX Great West PutnamPairCorr
  0.93MXITX Great West ModeratePairCorr
  0.99MXHPX Great West ModeratelyPairCorr
  0.89MXHTX Great West MfsPairCorr
  0.99MXHRX Great West ModeratelyPairCorr
  0.84MXHYX Great West PutnamPairCorr
  0.9MXKLX Great West LifetimePairCorr
  0.93MXKVX Great West ServativePairCorr
  0.98MXJUX Great West ModeratelyPairCorr
  0.91MXMPX Great West ModeratePairCorr
  0.77MXLDX Great-west SecurefoundationPairCorr
  0.9MXLLX Great West LifetimePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Great Mutual Fund performing well and Great West 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 Great West'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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY