Great-west Multi-manager Correlations
| MXGSX Fund | USD 11.90 0.08 0.67% |
The current 90-days correlation between Great-west Multi-manager and Red Oak Technology is 0.04 (i.e., Significant diversification). The correlation of Great-west Multi-manager 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 Multi-manager Correlation With Market
Weak diversification
The correlation between Great West Multi Manager Large and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Multi Manager Large and DJI in the same portfolio, assuming nothing else is changed.
Great-west |
Moving together with Great-west Mutual Fund
| 0.92 | SFBPX | Great-west Securefoundation | PairCorr |
| 0.8 | MXBUX | Great West Sp | PairCorr |
| 0.8 | MXCJX | Great-west Securefoundation | PairCorr |
| 0.98 | MXEBX | Great West E | PairCorr |
| 0.91 | MXERX | Great West Sp | PairCorr |
| 0.76 | MXEQX | Great West T | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Great-west Mutual Fund performing well and Great-west Multi-manager 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 Multi-manager'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ROGSX | 0.97 | 0.00 | (0.01) | 0.05 | 1.73 | 1.67 | 7.12 | |||
| HTECX | 1.04 | 0.00 | 0.00 | 0.01 | 1.52 | 1.67 | 7.23 | |||
| TEPIX | 1.69 | (0.16) | 0.00 | (0.13) | 0.00 | 2.79 | 13.50 | |||
| XAIOX | 0.77 | 0.00 | (0.01) | 0.04 | 1.24 | 1.46 | 5.70 | |||
| GISTX | 1.08 | 0.03 | 0.01 | 0.05 | 1.57 | 2.16 | 7.34 | |||
| JGLTX | 0.92 | 0.00 | 0.00 | 0.00 | 1.32 | 1.73 | 6.33 | |||
| PRGTX | 1.06 | 0.05 | 0.03 | (0.45) | 1.48 | 2.07 | 7.81 | |||
| DTEYX | 1.07 | (0.03) | 0.00 | (0.04) | 0.00 | 1.88 | 6.39 |