Great-west Lifetime Correlations

Mutual Funds . USA . 
Fund . Great West Lifetime 2025
MXELX Fund  USD 13.81  0.12  0.88%   
The current 90-days correlation between Great West Lifetime and Simt High Yield is 0.36 (i.e., Weak diversification). The correlation of Great-west Lifetime 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 Lifetime Correlation With Market

Very weak diversification

The correlation between Great West Lifetime 2025 and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Lifetime 2025 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 Lifetime 2025. 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 economic analysis.

Moving together with Great-west Mutual Fund

  0.95MXAGX Great West LifetimePairCorr
  0.94MXAKX Great West LifetimePairCorr
  0.95MXAHX Great West LifetimePairCorr
  0.97MXBQX Great West LifetimePairCorr
  0.97MXBOX Great West LifetimePairCorr
  0.94MXBPX Great West ModeratelyPairCorr
  0.97MXBSX Great West LifetimePairCorr
  0.85MXCJX Great West SecurefouPairCorr
  0.94MXAPX Great West AggressivePairCorr
  1.0MXATX Great West LifetimePairCorr
  1.0MXAUX Great West LifetimePairCorr
  0.94MXAYX Great West LifetimePairCorr
  0.98MXBEX Great West LifetimePairCorr
  0.98MXBDX Great West LifetimePairCorr
  0.93MXBGX Great West LifetimePairCorr
  0.61MXEOX Great West EmergingPairCorr
  0.82MXEQX Great West TPairCorr
  0.87MXCPX Great West ServativePairCorr
  0.93MXDPX Great West ModeratelyPairCorr
  0.79MXGNX Great West LifetimePairCorr
  0.97MXGQX Great West LifetimePairCorr
  0.99MXGPX Great West ModeratePairCorr
  0.93MXGTX Great West AggressivePairCorr
  0.79MXGUX Great West LifetimePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west Lifetime 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 Lifetime'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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