Great-west Bond Correlations

Mutual Funds USA . 
Fund . Great West Bond Index
MXBIX Fund  USD 12.82  0.08  0.63%   
The current 90-days correlation between Great West Bond and Gamco Global Gold is 0.2 (i.e., Modest diversification). The correlation of Great-west Bond 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 Bond Correlation With Market

Average diversification

The correlation between Great West Bond Index and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Bond Index 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 Bond Index. 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 gross domestic product.

Moving together with Great-west Mutual Fund

  0.84MXAGX Great West LifetimePairCorr
  0.84MXAKX Great West LifetimePairCorr
  0.85MXAHX Great West LifetimePairCorr
  0.8MXBQX Great West LifetimePairCorr
  0.8MXBOX Great West LifetimePairCorr
  0.79MXBPX Great West ModeratelyPairCorr
  0.79MXBSX Great West LifetimePairCorr
  0.82MXCJX Great-west SecurefoundationPairCorr
  1.0MXCOX Great West BondPairCorr
  0.78MXAPX Great West AggressivePairCorr
  0.8MXATX Great West LifetimePairCorr
  0.81MXAUX Great West LifetimePairCorr
  0.84MXAYX Great West LifetimePairCorr
  0.8MXBEX Great West LifetimePairCorr
  0.8MXBDX Great West LifetimePairCorr
  0.83MXBGX Great West LifetimePairCorr
  0.82MXEDX Great-west CorePairCorr
  0.62MXEOX Great West EmergingPairCorr
  0.61MXENX Great West EmergingPairCorr
  0.82MXELX Great West LifetimePairCorr
  0.7MXEQX Great West TPairCorr
  0.87MXCPX Great-west ConservativePairCorr
  0.99MXDQX Great West GovernmentPairCorr
  0.84MXDPX Great West ModeratelyPairCorr
  0.97MXGBX Great West TempletonPairCorr
  0.8MXGNX Great West LifetimePairCorr
  0.92MXGMX Great West GovernmentPairCorr
  0.8MXGQX Great West LifetimePairCorr
  0.83MXGPX Great West ModeratePairCorr
  0.77MXGTX Great West AggressivePairCorr
  0.79MXGUX Great West LifetimePairCorr
  0.88MXFDX Great-west CorePairCorr

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 Bond 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 Bond'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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