Great-west Bond Correlations

MXBIX Fund

USD 12.80 0.08 0.62%

The current 90-days correlation between Great West Bond and Calvert Large Cap is 0.1 (i.e., Average 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

Significant diversification

The correlation between Great West Bond Index and DJI is 0.02 (i.e., Significant 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

0.85	MXCOX	Great West Bond	Pair Corr
0.89	MXECX	Great-west Core	Pair Corr
0.92	MXEGX	Great-west Core	Pair Corr
0.96	MXEDX	Great-west Core	Pair Corr
0.72	MXEOX	Great West Emerging	Pair Corr
0.72	MXENX	Great West Emerging	Pair Corr
0.73	MXCPX	Great-west Conservative	Pair Corr
1.0	MXDQX	Great West Government	Pair Corr
0.97	MXGBX	Great West Templeton	Pair Corr
0.96	MXGMX	Great West Government	Pair Corr
0.94	MXFDX	Great-west Core	Pair Corr

Moving against Great-west Mutual Fund

0.69	MXBUX	Great West Sp	Pair Corr
0.51	MXEBX	Great-west Core	Pair Corr
0.7	MXERX	Great West Sp	Pair Corr
0.56	MXGSX	Great-west Multi-manager	Pair Corr

Related Correlations Analysis

	CMIFX	TRCPX	GMLVX	ALCEX	ANVIX	TACLX	FCLKX
CMIFX		0.31	0.64	-0.38	-0.2	0.37	-0.36	CMIFX
TRCPX	0.31		0.5	0.73	0.83	0.94	0.73	TRCPX
GMLVX	0.64	0.5		-0.05	0.12	0.56	0.06	GMLVX
ALCEX	-0.38	0.73	-0.05		0.94	0.6	0.96	ALCEX
ANVIX	-0.2	0.83	0.12	0.94		0.75	0.9	ANVIX
TACLX	0.37	0.94	0.56	0.6	0.75		0.57	TACLX
FCLKX	-0.36	0.73	0.06	0.96	0.9	0.57		FCLKX
	CMIFX	TRCPX	GMLVX	ALCEX	ANVIX	TACLX	FCLKX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FCLKX	+ 0.96	ALCEX
TACLX	+ 0.94	TRCPX
ANVIX	+ 0.94	ALCEX
FCLKX	+ 0.9	ANVIX
ANVIX	+ 0.83	TRCPX
TACLX	+ 0.75	ANVIX

High negative correlations

ALCEX	- 0.38	CMIFX
FCLKX	- 0.36	CMIFX
ANVIX	- 0.2	CMIFX
ALCEX	- 0.05	GMLVX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CMIFX	0.07	0.01	0.32	(0.62)	0.00	(0.12)	0.10	(0.10)	0.41
TRCPX	0.67	0.04	0.05	0.01	0.86	(0.71)	1.27	(1.53)	3.55
GMLVX	0.71	0.03	0.05	0.05	0.92	(0.76)	1.57	(1.62)	5.51
ALCEX	0.73	(0.03)	0.00	(0.07)	0.00	0.00	1.39	(1.91)	3.41
ANVIX	0.71	(0.04)	0.00	(0.10)	0.00	0.00	1.22	(1.63)	3.29
TACLX	0.66	0.01	0.00	(0.02)	0.00	0.00	1.28	(1.48)	3.10
FCLKX	0.83	0.00	0.00	(0.04)	0.00	0.00	1.58	(2.15)	5.00

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