Great-west Core Correlations

MXEGX Fund

USD 3.73 0.01 0.27%

The current 90-days correlation between Great-west Core and Fidelity Large Cap is 0.06 (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

Average diversification

The correlation between Great West E Strategies and DJI is 0.1 (i.e., Average 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 price.

Moving together with Great-west Mutual Fund

0.69	MXAGX	Great West Lifetime	Pair Corr
0.72	MXAKX	Great West Lifetime	Pair Corr
0.7	MXAHX	Great West Lifetime	Pair Corr
0.66	MXBPX	Great West Moderately	Pair Corr
0.64	MXAPX	Great West Aggressive	Pair Corr
0.61	MXATX	Great West Lifetime	Pair Corr
0.62	MXAUX	Great West Lifetime	Pair Corr
0.63	MXAYX	Great West Lifetime	Pair Corr
0.87	MXECX	Great-west Core	Pair Corr
0.67	MXEOX	Great West Emerging	Pair Corr
0.69	MXENX	Great West Emerging	Pair Corr
0.61	MXELX	Great West Lifetime	Pair Corr
0.7	MXCPX	Great-west Conservative	Pair Corr
0.68	MXDPX	Great West Moderately	Pair Corr
0.67	MXGMX	Great West Government	Pair Corr
0.66	MXGTX	Great West Aggressive	Pair Corr
0.71	MXFDX	Great-west Core	Pair Corr

Related Correlations Analysis

	FCLKX	LMISX	CMIFX	OLGCX	ILESX	QLMLOX	MKFOX
FCLKX		0.66	0.39	0.76	0.66	0.74	0.41	FCLKX
LMISX	0.66		-0.23	0.68	0.96	0.85	0.24	LMISX
CMIFX	0.39	-0.23		0.33	-0.26	-0.18	0.43	CMIFX
OLGCX	0.76	0.68	0.33		0.64	0.61	0.69	OLGCX
ILESX	0.66	0.96	-0.26	0.64		0.88	0.25	ILESX
QLMLOX	0.74	0.85	-0.18	0.61	0.88		0.18	QLMLOX
MKFOX	0.41	0.24	0.43	0.69	0.25	0.18		MKFOX
	FCLKX	LMISX	CMIFX	OLGCX	ILESX	QLMLOX	MKFOX

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

ILESX	+ 0.96	LMISX
QLMLOX	+ 0.88	ILESX
QLMLOX	+ 0.85	LMISX
OLGCX	+ 0.76	FCLKX
QLMLOX	+ 0.74	FCLKX
MKFOX	+ 0.69	OLGCX

High negative correlations

ILESX	- 0.26	CMIFX
CMIFX	- 0.23	LMISX
QLMLOX	- 0.18	CMIFX

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
FCLKX	0.58	(0.01)	0.00	(0.02)	0.00	0.00	1.12	(1.21)	4.31
LMISX	0.72	(0.06)	0.00	(0.07)	0.00	0.00	1.16	(1.73)	4.80
CMIFX	0.06	0.01	0.04	(0.60)	0.00	(0.11)	0.10	(0.10)	0.42
OLGCX	0.85	(0.01)	(0.01)	(0.01)	1.22	(0.83)	1.64	(1.99)	5.32
ILESX	0.69	(0.06)	0.00	(0.08)	0.00	0.00	1.21	(1.74)	4.31
QLMLOX	0.79	(0.07)	0.00	(0.11)	0.00	0.00	1.45	(1.82)	4.99
MKFOX	0.94	0.01	0.00	(0.04)	1.31	(0.98)	1.78	(2.21)	6.69

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