Great-west Lifetime Correlations

Mutual Funds . USA . 
Fund . Great West Lifetime 2020
MXAKX Fund  USD 10.45  0.05  0.48%   
The current 90-days correlation between Great West Lifetime and The Gold Bullion is 0.13 (i.e., Average diversification). The correlation of Great-west Lifetime 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 Lifetime Correlation With Market

Very weak diversification

The correlation between Great West Lifetime 2020 and DJI is 0.46 (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 Lifetime 2020 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 Lifetime 2020. 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 industry.

Moving together with Great-west Mutual Fund

  0.99MXAGX Great West LifetimePairCorr
  0.99MXAHX Great West LifetimePairCorr
  0.96MXBQX Great West LifetimePairCorr
  0.95MXBOX Great West LifetimePairCorr
  0.98MXBPX Great West ModeratelyPairCorr
  0.85MXBUX Great West SpPairCorr
  0.95MXBSX Great West LifetimePairCorr
  0.9MXCJX Great-west SecurefoundationPairCorr
  0.73MXCOX Great West BondPairCorr
  0.98MXAPX Great West AggressivePairCorr
  0.85MXATX Great West LifetimePairCorr
  0.85MXAUX Great West LifetimePairCorr
  0.98MXAYX Great West LifetimePairCorr
  0.95MXBDX Great West LifetimePairCorr
  0.81MXBIX Great West BondPairCorr
  0.97MXBGX Great West LifetimePairCorr
  0.69MXEBX Great-west CorePairCorr
  0.94MXELX Great West LifetimePairCorr
  0.72MXERX Great West SpPairCorr
  0.75MXEQX Great West TPairCorr
  0.91MXCPX Great West ServativePairCorr
  0.82MXDQX Great West GovernmentPairCorr
  0.92MXDPX Great West ModeratelyPairCorr
  0.68MXGBX Great West TempletonPairCorr
  0.76MXGMX Great West GovernmentPairCorr
  0.61MXGSX Great West MultiPairCorr
  0.95MXGQX Great West LifetimePairCorr
  0.86MXGPX Great West ModeratePairCorr
  0.92MXGTX Great West AggressivePairCorr
  0.96MXGUX Great West LifetimePairCorr
  0.95MXFLX Great West LifetimePairCorr
  0.82MXIGX Great West MfsPairCorr
  0.69MXINX Great West InternatiPairCorr
  0.8MXISX Great West SpPairCorr
  0.98MXIPX Great West ServativePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west Lifetime 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 Lifetime'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.

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