Great-west Mfs Correlations

MXIGX Fund

USD 13.70 0.06 0.44%

The current 90-days correlation between Great West Mfs and Great West Securefoundation Balanced is 0.66 (i.e., Poor diversification). The correlation of Great-west Mfs 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 Mfs Correlation With Market

Very weak diversification

The correlation between Great West Mfs International and DJI is 0.57 (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 Mfs International 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 Mfs International. 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

0.88	MXAGX	Great West Lifetime	Pair Corr
0.9	MXAKX	Great West Lifetime	Pair Corr
0.89	MXAHX	Great West Lifetime	Pair Corr
0.74	MXBQX	Great West Lifetime	Pair Corr
0.74	MXBOX	Great West Lifetime	Pair Corr
0.89	MXBPX	Great West Moderately	Pair Corr
0.77	MXBSX	Great West Lifetime	Pair Corr
0.67	MXCJX	Great West Securefou	Pair Corr
0.82	MXAPX	Great West Aggressive	Pair Corr
0.81	MXATX	Great West Lifetime	Pair Corr
0.8	MXAUX	Great West Lifetime	Pair Corr
0.86	MXAYX	Great West Lifetime	Pair Corr
0.75	MXBEX	Great West Lifetime	Pair Corr
0.74	MXBDX	Great West Lifetime	Pair Corr
0.79	MXBGX	Great West Lifetime	Pair Corr
0.73	MXECX	Great-west Core	Pair Corr
0.62	MXEDX	Great-west Core	Pair Corr
0.72	MXEOX	Great West Emerging	Pair Corr
0.73	MXENX	Great West Emerging	Pair Corr
0.82	MXELX	Great West Lifetime	Pair Corr
0.73	MXEQX	Great West T	Pair Corr
0.92	MXCPX	Great West Servative	Pair Corr
0.93	MXDPX	Great West Moderately	Pair Corr
0.7	MXGBX	Great West Templeton	Pair Corr
0.8	MXGNX	Great West Lifetime	Pair Corr
0.77	MXGQX	Great West Lifetime	Pair Corr
0.86	MXGPX	Great West Moderate	Pair Corr
0.82	MXGTX	Great West Aggressive	Pair Corr
0.81	MXGUX	Great West Lifetime	Pair Corr

Related Correlations Analysis

	SFBPX	MXAGX	MXAKX	MXAHX	MXBQX	MXBOX	MXBPX	MXBUX	MXBSX	MXCJX
SFBPX		0.3	0.28	0.3	0.49	0.48	0.26	0.63	0.47	0.72	SFBPX
MXAGX	0.3		1.0	1.0	0.9	0.9	0.93	0.24	0.9	0.84	MXAGX
MXAKX	0.28	1.0		1.0	0.89	0.89	0.94	0.21	0.89	0.83	MXAKX
MXAHX	0.3	1.0	1.0		0.91	0.9	0.94	0.24	0.9	0.84	MXAHX
MXBQX	0.49	0.9	0.89	0.91		1.0	0.86	0.53	1.0	0.94	MXBQX
MXBOX	0.48	0.9	0.89	0.9	1.0		0.86	0.53	1.0	0.93	MXBOX
MXBPX	0.26	0.93	0.94	0.94	0.86	0.86		0.23	0.88	0.77	MXBPX
MXBUX	0.63	0.24	0.21	0.24	0.53	0.53	0.23		0.51	0.64	MXBUX
MXBSX	0.47	0.9	0.89	0.9	1.0	1.0	0.88	0.51		0.92	MXBSX
MXCJX	0.72	0.84	0.83	0.84	0.94	0.93	0.77	0.64	0.92		MXCJX
	SFBPX	MXAGX	MXAKX	MXAHX	MXBQX	MXBOX	MXBPX	MXBUX	MXBSX	MXCJX

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Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west Mfs 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 Mfs' 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
SFBPX	0.60	(0.02)	0.00	(0.13)	0.00	0.00	1.11	(1.09)	10.95
MXAGX	0.32	0.05	0.23	0.04	0.35	(0.39)	0.78	(0.77)	1.84
MXAKX	0.32	0.05	0.25	0.04	0.35	(0.36)	0.78	(0.67)	1.84
MXAHX	0.31	0.05	0.26	0.04	0.32	(0.38)	0.77	(0.66)	1.91
MXBQX	0.69	0.07	0.10	0.01	0.95	(0.72)	1.78	(1.98)	4.80
MXBOX	0.69	0.07	0.09	0.01	0.99	(0.69)	1.80	(1.92)	5.22
MXBPX	0.48	0.03	0.00	(0.05)	0.00	0.00	1.01	(1.00)	3.11
MXBUX	0.92	(0.04)	0.00	(0.14)	0.00	0.00	1.70	(2.33)	9.54
MXBSX	0.69	0.07	0.10	0.03	0.99	(0.73)	1.79	(1.91)	5.70
MXCJX	0.46	0.03	0.00	(0.03)	0.00	0.00	1.13	(1.11)	3.00

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Great-west Mfs Correlations

Great-west Mfs Correlation With Market

Very weak diversification

Moving together with Great-west Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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