Great West Correlations

Mutual Funds . USA . 
Fund . Great West Lifetime 2030
MXATX Fund  USD 10.58  0.03  0.28%   
The current 90-days correlation between Great West Lifetime and Allianzgi Health Sciences is 0.42 (i.e., Very weak 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

Modest diversification

The correlation between Great West Lifetime 2030 and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Lifetime 2030 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 2030. 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 estimate.

Moving together with Great Mutual Fund

  0.79SFBPX Great West SecurefouPairCorr
  0.95MXAGX Great West LifetimePairCorr
  0.95MXAKX Great West LifetimePairCorr
  0.95MXAHX Great West LifetimePairCorr
  0.99MXBQX Great West LifetimePairCorr
  0.99MXBOX Great West LifetimePairCorr
  0.94MXBPX Great West ModeratelyPairCorr
  0.84MXBUX Great West SpPairCorr
  0.99MXBSX Great West LifetimePairCorr
  0.93MXCJX Great West SecurefouPairCorr
  0.79MXCOX Great West BondPairCorr
  0.94MXAPX Great West AggressivePairCorr
  1.0MXAUX Great West LifetimePairCorr
  0.94MXAYX Great West LifetimePairCorr
  0.99MXBEX Great West LifetimePairCorr
  1.0MXBDX Great West LifetimePairCorr
  0.79MXBIX Great West BondPairCorr
  0.94MXBGX Great West LifetimePairCorr
  0.62MXECX Great West EPairCorr
  0.78MXEBX Great West EPairCorr
  0.79MXEDX Great West EPairCorr
  1.0MXELX Great West LifetimePairCorr
  0.81MXERX Great West SpPairCorr
  0.81MXEQX Great West TPairCorr
  0.94MXCPX Great West ServativePairCorr
  0.79MXDQX Great West GovernmentPairCorr
  0.94MXDPX Great West ModeratelyPairCorr
  0.72MXGBX Great West TempletonPairCorr
  0.93MXGNX Great West LifetimePairCorr
  0.78MXGMX Great West GovernmentPairCorr
  0.72MXGSX Great West MultiPairCorr
  0.94MXGQX Great West LifetimePairCorr
  0.97MXGPX Great West ModeratePairCorr
  0.94MXGTX Great West AggressivePairCorr
  0.93MXGUX Great West LifetimePairCorr
  0.71MXFDX Great West EPairCorr

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.

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