Great West Correlations

Mutual Funds . USA . 
Fund . Great West Moderately Servative
MXHPX Fund  USD 9.45  0.02  0.21%   
The current 90-days correlation between Great West Moderately and Great West Securefoundation Balanced is 0.91 (i.e., Almost no 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

Modest diversification

The correlation between Great West Moderately Servativ and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Moderately Servativ 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 Moderately Servative. 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 american community survey.

Moving together with Great Mutual Fund

  0.65SFBPX Great-west SecurefoundationPairCorr
  0.7MXAGX Great West LifetimePairCorr
  0.99MXAKX Great West LifetimePairCorr
  0.7MXAHX Great West LifetimePairCorr
  0.98MXBQX Great West LifetimePairCorr
  0.98MXBOX Great West LifetimePairCorr
  0.9MXBPX Great West ModeratelyPairCorr
  0.79MXBUX Great West SpPairCorr
  0.98MXBSX Great West LifetimePairCorr
  0.96MXCJX Great West SecurefouPairCorr
  0.86MXCOX Great West BondPairCorr
  0.98MXAPX Great West AggressivePairCorr
  0.99MXATX Great West LifetimePairCorr
  0.75MXAUX Great West LifetimePairCorr
  0.99MXAYX Great West LifetimePairCorr
  0.74MXBDX Great West LifetimePairCorr
  0.82MXBIX Great West BondPairCorr
  0.99MXBGX Great West LifetimePairCorr
  0.78MXEBX Great-west CorePairCorr
  0.74MXEGX Great West EPairCorr
  0.61MXEDX Great-west CorePairCorr
  0.75MXELX Great West LifetimePairCorr
  0.77MXERX Great West SpPairCorr
  0.86MXEQX Great West TPairCorr
  0.89MXCPX Great West ServativePairCorr
  0.9MXDPX Great West ModeratelyPairCorr
  0.74MXGBX Great West TempletonPairCorr
  0.98MXGNX Great West LifetimePairCorr
  0.81MXGMX Great West GovernmentPairCorr
  0.63MXGSX Great-west Multi-managerPairCorr
  0.99MXGQX Great West LifetimePairCorr
  0.99MXGPX Great West ModeratePairCorr
  0.96MXGTX Great West AggressivePairCorr
  0.82MXFDX Great-west CorePairCorr
  0.77MXFLX Great West LifetimePairCorr
  0.73MXFRX Great West PutnamPairCorr
  0.76MXIGX Great West MfsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SFBPX  0.50 (0.14) 0.00 (0.43) 0.00 
 0.00 
 0.66 
(0.83)
 9.44 
MXAGX  0.30 (0.08) 0.00 (0.43) 0.00 
 0.00 
 0.56 
(0.65)
 4.24 
MXAKX  0.29 (0.08) 0.00 (0.42) 0.00 
 0.00 
 0.47 
(0.65)
 4.52 
MXAHX  0.30 (0.07) 0.00 (0.43) 0.00 
 0.00 
 0.56 
(0.64)
 3.73 
MXBQX  0.47 (0.08) 0.00 (0.30) 0.00 
 0.00 
 1.03 
(0.99)
 5.29 
MXBOX  0.47 (0.08) 0.00 (0.30) 0.00 
 0.00 
 1.04 
(1.00)
 5.53 
MXBPX  0.40 (0.10) 0.00 (1.03) 0.00 
 0.00 
 0.69 
(0.81)
 4.97 
MXBUX  0.76 (0.06) 0.00 (0.13) 0.00 
 0.00 
 1.61 
(1.12)
 10.82 
MXBSX  0.48 (0.10) 0.00 (0.36) 0.00 
 0.00 
 1.03 
(0.99)
 5.74 
MXCJX  0.45 (0.13) 0.00 (0.44) 0.00 
 0.00 
 0.66 
(0.89)
 7.67 

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