Great-west Aggressive Correlations

Mutual Funds . USA . 
Fund . Great West Aggressive Profile
MXAPX Fund  USD 5.60  0.02  0.36%   
The current 90-days correlation between Great West Aggressive and Great West Moderate Profile is 0.07 (i.e., Significant diversification). The correlation of Great-west Aggressive 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 Aggressive Correlation With Market

Modest diversification

The correlation between Great West Aggressive Profile and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Aggressive Profile 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 Aggressive Profile. 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 american community survey.

Moving together with Great-west Mutual Fund

  0.94SFBPX Great-west SecurefoundationPairCorr
  0.73MXAGX Great West LifetimePairCorr
  0.72MXAKX Great West LifetimePairCorr
  0.74MXAHX Great West LifetimePairCorr
  0.76MXBQX Great West LifetimePairCorr
  0.76MXBOX Great West LifetimePairCorr
  0.99MXBPX Great West ModeratelyPairCorr
  0.76MXBUX Great West SpPairCorr
  0.75MXBSX Great West LifetimePairCorr
  0.7MXCJX Great-west SecurefoundationPairCorr
  0.63MXCOX Great West BondPairCorr
  0.74MXATX Great West LifetimePairCorr
  0.98MXAUX Great West LifetimePairCorr
  0.74MXAYX Great West LifetimePairCorr
  0.76MXBEX Great West LifetimePairCorr
  0.99MXBDX Great West LifetimePairCorr
  0.71MXBIX Great West BondPairCorr
  0.99MXBGX Great West LifetimePairCorr
  0.71MXEBX Great West EPairCorr
  0.63MXEGX Great West EPairCorr
  0.75MXEDX Great West EPairCorr
  0.73MXERX Great West SpPairCorr
  0.74MXEQX Great West TPairCorr
  0.94MXCPX Great-west ConservativePairCorr
  0.75MXDQX Great West GovernmentPairCorr
  0.97MXDPX Great West ModeratelyPairCorr
  0.75MXGNX Great West LifetimePairCorr
  0.64MXGMX Great West GovernmentPairCorr
  0.65MXGSX Great-west Multi-managerPairCorr
  0.75MXGQX Great West LifetimePairCorr
  0.99MXGPX Great West ModeratePairCorr
  0.99MXGTX Great West AggressivePairCorr
  0.75MXGUX Great West LifetimePairCorr
  0.63MXFDX Great-west CorePairCorr
  0.97MXFLX 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-west Mutual Fund performing well and Great-west Aggressive 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 Aggressive'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.

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