Great-west Inflation-protec Correlations

MXIHX Fund

USD 8.90 0.02 0.22%

The current 90-days correlation between Great-west Inflation-protec and Atac Inflation Rotation is 0.04 (i.e., Significant diversification). The correlation of Great-west Inflation-protec 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 Inflation-protec Correlation With Market

Significant diversification

The correlation between Great West Inflation Protected and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Inflation Protected 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 Inflation Protected Securities. 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 rate.

Moving together with Great-west Mutual Fund

0.82	SFBPX	Great-west Securefoundation	Pair Corr
0.86	MXAGX	Great West Lifetime	Pair Corr
0.78	MXAKX	Great West Lifetime	Pair Corr
0.85	MXAHX	Great West Lifetime	Pair Corr
0.68	MXBQX	Great West Lifetime	Pair Corr
0.69	MXBOX	Great West Lifetime	Pair Corr
0.76	MXBPX	Great West Moderately	Pair Corr
0.71	MXBSX	Great West Lifetime	Pair Corr
0.74	MXCJX	Great West Securefou	Pair Corr
0.91	MXCOX	Great West Bond	Pair Corr
0.63	MXAPX	Great West Aggressive	Pair Corr
0.75	MXATX	Great West Lifetime	Pair Corr
0.72	MXAUX	Great West Lifetime	Pair Corr
0.76	MXAYX	Great West Lifetime	Pair Corr
0.67	MXBEX	Great West Lifetime	Pair Corr
0.67	MXBDX	Great West Lifetime	Pair Corr
0.9	MXBIX	Great West Bond	Pair Corr
0.72	MXBGX	Great West Lifetime	Pair Corr
0.77	MXECX	Great-west Core	Pair Corr
0.98	MXEGX	Great West E	Pair Corr
0.84	MXEDX	Great-west Core	Pair Corr
0.69	MXEOX	Great West Emerging	Pair Corr
0.69	MXENX	Great West Emerging	Pair Corr
0.74	MXELX	Great West Lifetime	Pair Corr
0.61	MXEQX	Great West T	Pair Corr
0.9	MXCPX	Great West Servative	Pair Corr
0.91	MXDQX	Great West Government	Pair Corr
0.85	MXDPX	Great West Moderately	Pair Corr
0.91	MXGBX	Great West Templeton	Pair Corr
0.71	MXGNX	Great West Lifetime	Pair Corr
0.9	MXGMX	Great West Government	Pair Corr
0.72	MXGQX	Great West Lifetime	Pair Corr
0.69	MXGPX	Great West Moderate	Pair Corr
0.78	MXGUX	Great West Lifetime	Pair Corr
0.91	MXFDX	Great-west Core	Pair Corr

Related Correlations Analysis

	ATACX	LIFAX	QMHIX	EVOIX	ABNTX	APISX	MFTFX	ANBIX
ATACX		0.2	0.54	-0.2	-0.09	0.14	0.51	-0.08	ATACX
LIFAX	0.2		-0.29	0.56	0.84	0.8	-0.16	0.84	LIFAX
QMHIX	0.54	-0.29		-0.38	-0.45	-0.39	0.85	-0.45	QMHIX
EVOIX	-0.2	0.56	-0.38		0.7	0.73	-0.33	0.7	EVOIX
ABNTX	-0.09	0.84	-0.45	0.7		0.83	-0.23	1.0	ABNTX
APISX	0.14	0.8	-0.39	0.73	0.83		-0.28	0.83	APISX
MFTFX	0.51	-0.16	0.85	-0.33	-0.23	-0.28		-0.23	MFTFX
ANBIX	-0.08	0.84	-0.45	0.7	1.0	0.83	-0.23		ANBIX
	ATACX	LIFAX	QMHIX	EVOIX	ABNTX	APISX	MFTFX	ANBIX

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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

ANBIX	+ 1.0	ABNTX
MFTFX	+ 0.85	QMHIX
ABNTX	+ 0.84	LIFAX
ANBIX	+ 0.84	LIFAX
APISX	+ 0.83	ABNTX
ANBIX	+ 0.83	APISX

High negative correlations

ANBIX	- 0.45	QMHIX
ABNTX	- 0.45	QMHIX
APISX	- 0.39	QMHIX
EVOIX	- 0.38	QMHIX
MFTFX	- 0.33	EVOIX
QMHIX	- 0.29	LIFAX

Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west Inflation-protec 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 Inflation-protec'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
ATACX	1.11	0.00	0.00	0.03	1.38	(1.12)	2.24	(2.18)	10.18
LIFAX	0.11	(0.03)	0.00	(0.82)	0.00	0.00	0.26	(0.26)	0.69
QMHIX	0.62	0.02	0.01	0.19	0.92	(0.60)	1.33	(1.30)	3.93
EVOIX	0.49	(0.11)	0.00	(0.69)	0.00	0.00	0.74	(1.57)	4.09
ABNTX	0.16	(0.05)	0.00	(1.42)	0.00	0.00	0.20	(0.39)	0.79
APISX	0.14	(0.06)	0.00	(0.34)	0.00	0.00	0.19	(0.28)	2.66
MFTFX	0.97	(0.01)	(0.01)	(0.07)	1.46	(0.85)	1.68	(2.06)	5.15
ANBIX	0.15	(0.05)	0.00	(1.74)	0.00	0.00	0.29	(0.39)	0.78

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