Great West Correlations

Mutual Funds . USA . 
Fund . Great West Aggressive Profile
MXAPX Fund  USD 5.88  0.06  1.03%   
The current 90-days correlation between Great West Aggressive and Great West Moderate Profile is 0.8 (i.e., Very poor 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

Very weak diversification

The correlation between Great West Aggressive Profile and DJI is 0.47 (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 Aggressive 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 Aggressive 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

  0.98MXAGX Great West LifetimePairCorr
  0.98MXAKX Great West LifetimePairCorr
  0.98MXAHX Great West LifetimePairCorr
  0.95MXBQX Great West LifetimePairCorr
  0.95MXBOX Great West LifetimePairCorr
  1.0MXBPX Great West ModeratelyPairCorr
  0.87MXBUX Great West SpPairCorr
  0.94MXBSX Great West LifetimePairCorr
  0.89MXCJX Great West SecurefouPairCorr
  0.66MXCOX Great West BondPairCorr
  0.82MXATX Great West LifetimePairCorr
  0.82MXAUX Great West LifetimePairCorr
  0.97MXAYX Great West LifetimePairCorr
  0.95MXBEX Great West LifetimePairCorr
  0.95MXBDX Great West LifetimePairCorr
  0.74MXBIX Great West BondPairCorr
  0.96MXBGX Great West LifetimePairCorr
  0.66MXECX Great West EPairCorr
  0.69MXEBX Great West EPairCorr
  0.68MXEDX Great West EPairCorr
  0.93MXELX Great West LifetimePairCorr
  0.75MXERX Great West SpPairCorr
  0.79MXEQX Great West TPairCorr
  0.88MXCPX Great West ServativePairCorr
  0.75MXDQX Great West GovernmentPairCorr
  0.9MXDPX Great West ModeratelyPairCorr
  0.63MXGBX Great West TempletonPairCorr
  0.85MXGNX Great West LifetimePairCorr
  0.69MXGMX Great West GovernmentPairCorr
  0.95MXGQX Great West LifetimePairCorr
  0.85MXGPX Great West ModeratePairCorr
  0.91MXGTX Great West AggressivePairCorr
  0.96MXGUX Great West LifetimePairCorr

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.

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