Great-west Lifetime Correlations

Mutual Funds . USA . 
Fund . Great West Lifetime 2040
MXBEX Fund  USD 11.46  0.01  0.09%   
The current 90-days correlation between Great West Lifetime and T Rowe Price is 0.7 (i.e., Poor 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

Poor diversification

The correlation between Great West Lifetime 2040 and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Lifetime 2040 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 2040. 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 income.

Moving together with Great-west Mutual Fund

  0.79MXAGX Great West LifetimePairCorr
  0.79MXAKX Great West LifetimePairCorr
  0.79MXAHX Great West LifetimePairCorr
  1.0MXBQX Great West LifetimePairCorr
  1.0MXBOX Great West LifetimePairCorr
  0.98MXBPX Great West ModeratelyPairCorr
  1.0MXBSX Great West LifetimePairCorr
  0.71MXCJX Great-west SecurefoundationPairCorr
  0.96MXAPX Great West AggressivePairCorr
  0.97MXATX Great West LifetimePairCorr
  0.97MXAUX Great West LifetimePairCorr
  0.98MXAYX Great West LifetimePairCorr
  1.0MXBDX Great West LifetimePairCorr
  1.0MXBGX Great West LifetimePairCorr
  0.94MXELX Great West LifetimePairCorr
  0.71MXCPX Great-west ConservativePairCorr
  0.92MXDPX Great West ModeratelyPairCorr
  0.97MXGNX Great West LifetimePairCorr
  0.97MXGQX Great West LifetimePairCorr
  0.94MXGPX Great West ModeratePairCorr
  0.9MXGTX Great West AggressivePairCorr
  0.97MXGUX Great West LifetimePairCorr

Related Correlations Analysis

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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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