Great West Correlations

MXMPX Fund

USD 6.46 0.09 1.41%

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

Weak diversification

The correlation between Great West Moderate Profile and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Moderate Profile 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 Moderate Profile. 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

0.92	SFBPX	Great-west Securefoundation	Pair Corr
0.92	MXAGX	Great West Lifetime	Pair Corr
0.91	MXAKX	Great West Lifetime	Pair Corr
0.92	MXAHX	Great West Lifetime	Pair Corr
0.93	MXBQX	Great West Lifetime	Pair Corr
0.93	MXBOX	Great West Lifetime	Pair Corr
0.93	MXBPX	Great West Moderately	Pair Corr
0.89	MXBUX	Great West Sp	Pair Corr
0.92	MXBSX	Great West Lifetime	Pair Corr
0.97	MXCJX	Great-west Securefoundation	Pair Corr
0.83	MXCOX	Great West Bond	Pair Corr
0.92	MXAPX	Great West Aggressive	Pair Corr
0.89	MXATX	Great West Lifetime	Pair Corr
0.9	MXAUX	Great West Lifetime	Pair Corr
0.94	MXAYX	Great West Lifetime	Pair Corr
0.92	MXBEX	Great West Lifetime	Pair Corr
0.91	MXBDX	Great West Lifetime	Pair Corr
0.83	MXBIX	Great West Bond	Pair Corr
0.96	MXBGX	Great West Lifetime	Pair Corr
0.64	MXECX	Great-west Core	Pair Corr
0.91	MXEBX	Great-west Core	Pair Corr
0.76	MXEDX	Great-west Core	Pair Corr
0.83	MXELX	Great West Lifetime	Pair Corr
0.91	MXERX	Great West Sp	Pair Corr
0.95	MXEQX	Great West T	Pair Corr
0.93	MXCPX	Great West Servative	Pair Corr
0.83	MXDQX	Great West Government	Pair Corr
0.9	MXDPX	Great West Moderately	Pair Corr
0.82	MXGBX	Great West Templeton	Pair Corr
0.9	MXGNX	Great West Lifetime	Pair Corr
0.78	MXGMX	Great West Government	Pair Corr
0.84	MXGSX	Great West Multi	Pair Corr
0.97	MXGQX	Great West Lifetime	Pair Corr
0.96	MXGPX	Great West Moderate	Pair Corr
0.92	MXGTX	Great West Aggressive	Pair Corr
0.9	MXGUX	Great West Lifetime	Pair Corr
0.74	MXFDX	Great-west Core	Pair Corr

Related Correlations Analysis

	GLBDX	GLBNX	GLDEX	GLDNX	GLISX	GLLIX	GLLVX	GLSCX	GLSIX
GLBDX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GLBDX
GLBNX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GLBNX
GLDEX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GLDEX
GLDNX	0.0	0.0	0.0		0.0	-1.0	0.0	1.0	0.0	GLDNX
GLISX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	GLISX
GLLIX	0.0	0.0	0.0	-1.0	0.0		0.0	-1.0	0.0	GLLIX
GLLVX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GLLVX
GLSCX	0.0	0.0	0.0	1.0	0.0	-1.0	0.0		0.0	GLSCX
GLSIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GLSIX
	GLBDX	GLBNX	GLDEX	GLDNX	GLISX	GLLIX	GLLVX	GLSCX	GLSIX

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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

GLSCX	+ 1.0	GLDNX
GLBNX	+ 0.0	GLBDX
GLDEX	+ 0.0	GLBDX
GLDNX	+ 0.0	GLBDX
GLISX	+ 0.0	GLBDX
GLLIX	+ 0.0	GLBDX

High negative correlations

GLSCX	- 1.0	GLLIX
GLLIX	- 1.0	GLDNX
GLSIX	- 0.0	GLSCX
GLSIX	- 0.0	GLLVX
GLSCX	- 0.0	GLLVX
GLSIX	- 0.0	GLLIX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GLBDX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLBNX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLDEX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLDNX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLISX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLLIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLLVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLSCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLSIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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