Great-west Loomis Correlations

MXLSX Fund

USD 36.73 0.22 0.60%

The current 90-days correlation between Great West Loomis and Versatile Bond Portfolio is -0.1 (i.e., Good diversification). The correlation of Great-west Loomis 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 Loomis Correlation With Market

Poor diversification

The correlation between Great West Loomis Sayles and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Loomis Sayles 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 Loomis Sayles. 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 state.

Moving together with Great-west Mutual Fund

0.95	MXMVX	Great West Goldman	Pair Corr
0.77	MXLGX	Great-west Multi-manager	Pair Corr
0.98	MXNSX	Great West Sp	Pair Corr
0.98	VSIIX	Vanguard Small Cap	Pair Corr
0.98	VISVX	Vanguard Small Cap	Pair Corr
0.99	DFSVX	Us Small Cap	Pair Corr
0.99	DFFVX	Us Targeted Value	Pair Corr
0.97	UBVCX	Undiscovered Managers	Pair Corr
0.96	UBVAX	Undiscovered Managers	Pair Corr
0.96	UBVSX	Undiscovered Managers	Pair Corr
0.94	AVFIX	American Beacon Small	Pair Corr
0.79	WRHIX	Ivy High Income	Pair Corr
0.77	WHIAX	Ivy High Income	Pair Corr
0.72	IHIFX	Ivy High Income	Pair Corr
0.72	IVHIX	Ivy High Income	Pair Corr

Moving against Great-west Mutual Fund

0.63	MXIHX	Great West Inflation	Pair Corr
0.73	USGDX	Morgan Stanley Government	Pair Corr
0.68	HRBDX	Harbor Bond Fund	Pair Corr
0.67	ABNOX	Ab Bond Inflation	Pair Corr
0.64	VICSX	Vanguard Intermediate-ter	Pair Corr
0.59	SRINX	Columbia Porate Income	Pair Corr
0.58	LIIAX	Columbia Porate Income	Pair Corr
0.57	GIOIX	Guggenheim Macro Opp	Pair Corr
0.51	DLDFX	Destinations Low Duration	Pair Corr
0.45	UTF	Cohen And Steers	Pair Corr
0.42	SGDLX	Sprott Gold Equity	Pair Corr
0.4	HTD	John Hancock Tax	Pair Corr

Related Correlations Analysis

	PRVBX	OPTCX	WRLDX	RTIUX	FUHKBX	FTUFOX	FZNOPX
PRVBX		0.79	0.77	0.89	-0.42	0.68	-0.32	PRVBX
OPTCX	0.79		0.67	0.77	-0.3	0.32	-0.25	OPTCX
WRLDX	0.77	0.67		0.84	-0.16	0.55	0.07	WRLDX
RTIUX	0.89	0.77	0.84		-0.35	0.6	-0.17	RTIUX
FUHKBX	-0.42	-0.3	-0.16	-0.35		-0.56	0.85	FUHKBX
FTUFOX	0.68	0.32	0.55	0.6	-0.56		-0.38	FTUFOX
FZNOPX	-0.32	-0.25	0.07	-0.17	0.85	-0.38		FZNOPX
	PRVBX	OPTCX	WRLDX	RTIUX	FUHKBX	FTUFOX	FZNOPX

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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

RTIUX	+ 0.89	PRVBX
FZNOPX	+ 0.85	FUHKBX
RTIUX	+ 0.84	WRLDX
OPTCX	+ 0.79	PRVBX
WRLDX	+ 0.77	PRVBX
RTIUX	+ 0.77	OPTCX

High negative correlations

FTUFOX	- 0.56	FUHKBX
FUHKBX	- 0.42	PRVBX
FZNOPX	- 0.38	FTUFOX
FUHKBX	- 0.35	RTIUX
FZNOPX	- 0.32	PRVBX
FUHKBX	- 0.3	OPTCX

Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west Loomis 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 Loomis' 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
PRVBX	0.10	0.01	0.06	(0.46)	0.00	(0.13)	0.23	(0.17)	0.53
OPTCX	0.06	(0.01)	(0.03)	3.08	0.07	(0.18)	0.21	(0.21)	0.93
WRLDX	0.63	0.01	0.01	(0.04)	0.95	(0.60)	1.24	(1.68)	2.96
RTIUX	0.60	0.09	0.09	0.17	0.73	(0.65)	1.47	(1.45)	5.02
FUHKBX	0.69	(0.01)	(0.01)	(0.01)	0.93	(0.71)	1.13	(1.61)	4.79
FTUFOX	0.10	0.00	0.00	0.13	0.01	(0.10)	0.20	(0.19)	0.60
FZNOPX	0.76	0.01	0.01	0.02	0.84	(0.87)	1.55	(1.59)	3.75

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