Great West Correlations

Mutual Funds . USA . 
Fund . Great West Moderately Servative
MXJUX Fund  USD 9.71  0.01  0.10%   
The current 90-days correlation between Great West Moderately and Great West Securefoundation Balanced is 0.95 (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

Significant diversification

The correlation between Great West Moderately Servativ and DJI is 0.07 (i.e., Significant 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 employment.

Moving together with Great Mutual Fund

  0.96SFBPX Great-west SecurefoundationPairCorr
  0.99MXAGX Great West LifetimePairCorr
  0.91MXAKX Great West LifetimePairCorr
  0.99MXAHX Great West LifetimePairCorr
  0.89MXBQX Great West LifetimePairCorr
  0.89MXBOX Great West LifetimePairCorr
  0.99MXBPX Great West ModeratelyPairCorr
  0.72MXBUX Great West SpPairCorr
  0.9MXBSX Great West LifetimePairCorr
  0.89MXCJX Great West SecurefouPairCorr
  0.82MXCOX Great West BondPairCorr
  0.88MXAPX Great West AggressivePairCorr
  0.91MXATX Great West LifetimePairCorr
  0.87MXAUX Great West LifetimePairCorr
  0.91MXAYX Great West LifetimePairCorr
  0.86MXBEX Great West LifetimePairCorr
  0.86MXBDX Great West LifetimePairCorr
  0.78MXBIX Great West BondPairCorr
  0.9MXBGX Great West LifetimePairCorr
  0.72MXEBX Great-west CorePairCorr
  0.82MXEGX Great West EPairCorr
  0.69MXEDX Great-west CorePairCorr
  0.87MXELX Great West LifetimePairCorr
  0.7MXERX Great West SpPairCorr
  0.9MXEQX Great West TPairCorr
  0.99MXCPX Great West ServativePairCorr
  0.8MXDQX Great West GovernmentPairCorr
  1.0MXDPX Great West ModeratelyPairCorr
  0.7MXGBX Great West TempletonPairCorr
  0.9MXGNX Great West LifetimePairCorr
  0.77MXGMX Great West GovernmentPairCorr
  0.9MXGQX Great West LifetimePairCorr
  0.89MXGPX Great West ModeratePairCorr
  0.87MXGTX Great West AggressivePairCorr
  0.99MXGUX Great West LifetimePairCorr
  0.78MXFDX Great-west CorePairCorr

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  0.49 (0.15) 0.00 (1.84) 0.00 
 0.00 
 0.66 
(0.83)
 9.44 
MXAGX  0.29 (0.09) 0.00 (1.57) 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  0.29 (0.08) 0.00 (1.78) 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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