Great-west Core Correlations

MXECX Fund

USD 9.66 0.08 0.84%

The current 90-days correlation between Great-west Core and Lord Abbett High is 0.22 (i.e., Modest diversification). The correlation of Great-west Core 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 Core Correlation With Market

Very weak diversification

The correlation between Great West E Strategies and DJI is 0.44 (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 E Strategies 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 E Strategies. 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 main economic indicators.

Moving together with Great-west Mutual Fund

0.62	MXAHX	Great West Lifetime	Pair Corr
0.73	MXCOX	Great West Bond	Pair Corr
0.74	MXBIX	Great West Bond	Pair Corr
0.76	MXEGX	Great-west Core	Pair Corr
0.72	MXCPX	Great-west Conservative	Pair Corr
0.72	MXDQX	Great West Government	Pair Corr
0.81	MXGBX	Great West Templeton	Pair Corr
0.72	MXGMX	Great West Government	Pair Corr

Moving against Great-west Mutual Fund

0.43	MXBUX	Great West Sp	Pair Corr
0.48	MXEBX	Great-west Core	Pair Corr
0.45	MXERX	Great West Sp	Pair Corr
0.42	MXGSX	Great-west Multi-manager	Pair Corr
0.41	MXEQX	Great West T	Pair Corr
0.51	MXFRX	Great West Putnam	Pair Corr
0.42	MXISX	Great West Sp	Pair Corr

Related Correlations Analysis

	LHYOX	PHDTX	PHYSX	ARTFX	FAGIX	ACHFX
LHYOX		0.96	0.91	0.98	0.87	0.98	LHYOX
PHDTX	0.96		0.97	0.97	0.94	0.93	PHDTX
PHYSX	0.91	0.97		0.94	0.96	0.87	PHYSX
ARTFX	0.98	0.97	0.94		0.91	0.96	ARTFX
FAGIX	0.87	0.94	0.96	0.91		0.81	FAGIX
ACHFX	0.98	0.93	0.87	0.96	0.81		ACHFX
	LHYOX	PHDTX	PHYSX	ARTFX	FAGIX	ACHFX

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Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west Core 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 Core'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LHYOX	0.13	0.02	(0.46)	0.56	(0.21)	0.31	(0.16)	0.93
PHDTX	0.09	0.02	(0.62)	0.39	(0.16)	0.23	(0.11)	0.56
PHYSX	0.11	0.02	(0.54)	0.40	(0.16)	0.22	(0.22)	0.78
ARTFX	0.12	0.03	(0.60)	0.57	(0.20)	0.33	(0.22)	1.01
FAGIX	0.19	0.03	(0.20)	0.23	(0.27)	0.41	(0.29)	1.21
ACHFX	0.13	0.01	(0.55)	0.30	(0.21)	0.35	(0.23)	0.93

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