Great West Correlations

MXCOX Fund

USD 8.29 0.05 0.60%

The current 90-days correlation between Great West Bond and Artisan High Income is 0.11 (i.e., Average 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

Significant diversification

The correlation between Great West Bond Index and DJI is 0.01 (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 persons.

Moving together with Great Mutual Fund

1.0	MXBIX	Great West Bond	Pair Corr
0.9	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
0.73	MXENX	Great West Emerging	Pair Corr
0.74	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
0.93	MXFDX	Great-west Core	Pair Corr

Moving against Great Mutual Fund

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

Related Correlations Analysis

	ARTFX	SGYAX	CYBAX	RHYAX	OHSHX	PAHIX	WAYRX
ARTFX		0.94	0.95	0.95	0.96	0.94	0.92	ARTFX
SGYAX	0.94		0.98	0.92	0.94	0.98	0.96	SGYAX
CYBAX	0.95	0.98		0.94	0.94	0.98	0.98	CYBAX
RHYAX	0.95	0.92	0.94		0.98	0.93	0.94	RHYAX
OHSHX	0.96	0.94	0.94	0.98		0.95	0.92	OHSHX
PAHIX	0.94	0.98	0.98	0.93	0.95		0.95	PAHIX
WAYRX	0.92	0.96	0.98	0.94	0.92	0.95		WAYRX
	ARTFX	SGYAX	CYBAX	RHYAX	OHSHX	PAHIX	WAYRX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARTFX	0.13	0.00	0.19	(0.07)	0.09	(0.20)	0.44	(0.22)	0.89
SGYAX	0.16	0.02	0.19	0.14	0.07	(0.26)	0.56	(0.28)	1.57
CYBAX	0.13	0.01	0.22	0.02	0.11	(0.15)	0.44	(0.24)	0.90
RHYAX	0.12	0.00	0.15	(0.12)	0.11	(0.18)	0.31	(0.31)	1.14
OHSHX	0.13	0.00	0.14	(0.09)	0.13	(0.17)	0.23	(0.23)	1.02
PAHIX	0.16	0.00	0.14	0.01	0.15	(0.23)	0.51	(0.34)	1.03
WAYRX	0.16	0.01	0.17	0.07	0.09	(0.26)	0.44	(0.29)	1.02

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