Great-west Lifetime Correlations

Mutual Funds . USA . 
Fund . Great West Lifetime 2050
MXBQX Fund  USD 11.85  0.11  0.94%   
The current 90-days correlation between Great West Lifetime and Lsv Small Cap is 0.5 (i.e., Very weak 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

Weak diversification

The correlation between Great West Lifetime 2050 and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Lifetime 2050 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 2050. 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 producer price index.

Moving together with Great-west Mutual Fund

  0.96MXAHX Great West LifetimePairCorr
  1.0MXBOX Great West LifetimePairCorr
  0.96MXBPX Great West ModeratelyPairCorr
  0.88MXBUX Great West SpPairCorr
  1.0MXBSX Great West LifetimePairCorr
  0.84MXAUX Great West LifetimePairCorr
  0.79MXDQX Great West GovernmentPairCorr
  0.9MXDPX Great West ModeratelyPairCorr
  0.88MXMVX Great West GoldmanPairCorr
  0.83MXLSX Great West LoomisPairCorr
  0.84MXNZX Great West SpPairCorr
  0.67MXREX Great West RealPairCorr
  0.88VFIFX Vanguard Target RetiPairCorr
  0.81AALTX American Funds 2050PairCorr
  0.82CCITX American Funds 2050PairCorr
  0.81FAITX American Funds 2050PairCorr
  0.95FFFHX Fidelity Freedom 2050PairCorr
  0.76FZTKX Fidelity Freedom 2050PairCorr
  0.71FRLPX Fidelity Freedom IndexPairCorr
  0.81TRJLX T Rowe PricePairCorr
  0.71FIPFX Fidelity Freedom IndexPairCorr
  0.66VTSAX Vanguard Total StockPairCorr
  0.62VFIAX Vanguard 500 IndexPairCorr
  0.67VTSMX Vanguard Total StockPairCorr
  0.61VSMPX Vanguard Total StockPairCorr
  0.61VSTSX Vanguard Total StockPairCorr
  0.61VITSX Vanguard Total StockPairCorr
  0.63VFINX Vanguard 500 IndexPairCorr
  0.73VGTSX Vanguard Total InterPairCorr
  0.73VTIAX Vanguard Total InterPairCorr
  0.74MLMSX Global E PortfolioPairCorr
  0.8NCLEX Nicholas EditionPairCorr

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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