Great-west Core Correlations

MXEBX Fund

USD 15.34 0.27 1.79%

The current 90-days correlation between Great-west Core and Ep Emerging Markets is 0.09 (i.e., Significant diversification). The correlation of Great-west Core 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 Core Correlation With Market

Poor diversification

The correlation between Great West E Strategies and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West E Strategies 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 E Strategies. 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 bureau of labor statistics.

Moving together with Great-west Mutual Fund

0.82	SFBPX	Great-west Securefoundation	Pair Corr
0.87	MXBUX	Great West Sp	Pair Corr
0.73	MXCJX	Great West Securefou	Pair Corr
0.95	MXERX	Great West Sp	Pair Corr
0.99	MXGSX	Great-west Multi-manager	Pair Corr

Moving against Great-west Mutual Fund

0.53	MXECX	Great-west Core	Pair Corr
0.51	MXCOX	Great West Bond	Pair Corr
0.51	MXBIX	Great West Bond	Pair Corr
0.62	MXEGX	Great-west Core	Pair Corr
0.54	MXDQX	Great West Government	Pair Corr
0.54	MXGMX	Great West Government	Pair Corr
0.53	MXEDX	Great-west Core	Pair Corr
0.51	MXFDX	Great-west Core	Pair Corr
0.42	MXGBX	Great West Templeton	Pair Corr

Related Correlations Analysis

	EPASX	XJMMX	BXECX	PIEFX	IGIEX	TEOJX	PWEAX
EPASX		0.66	0.77	0.91	0.77	0.95	0.92	EPASX
XJMMX	0.66		0.86	0.68	0.94	0.69	0.64	XJMMX
BXECX	0.77	0.86		0.84	0.91	0.84	0.81	BXECX
PIEFX	0.91	0.68	0.84		0.81	0.94	0.98	PIEFX
IGIEX	0.77	0.94	0.91	0.81		0.81	0.78	IGIEX
TEOJX	0.95	0.69	0.84	0.94	0.81		0.92	TEOJX
PWEAX	0.92	0.64	0.81	0.98	0.78	0.92		PWEAX
	EPASX	XJMMX	BXECX	PIEFX	IGIEX	TEOJX	PWEAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west Core 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 Core'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
EPASX	0.54	0.01	0.05	0.04	0.67	(0.57)	1.02	(1.17)	3.67
XJMMX	0.19	(0.01)	0.09	0.09	0.22	(0.26)	0.46	(0.46)	0.92
BXECX	0.19	0.03	0.25	(0.58)	0.00	(0.32)	0.55	(0.27)	1.21
PIEFX	0.98	0.10	0.09	0.19	1.27	(0.97)	2.06	(2.04)	6.94
IGIEX	0.25	0.00	0.09	0.08	0.30	(0.32)	0.72	(0.49)	1.58
TEOJX	0.78	0.08	0.11	1.85	0.92	(0.85)	1.54	(1.53)	5.83
PWEAX	0.72	0.06	0.09	0.14	0.84	(0.82)	1.55	(1.59)	5.83

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