Great-west Core Correlations

MXEDX Fund

USD 10.07 0.09 0.90%

The current 90-days correlation between Great-west Core and Great West Securefoundation Balanced is 0.03 (i.e., Significant 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

Significant diversification

The correlation between Great West E Strategies and DJI is 0.04 (i.e., Significant 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 unemployment.

Moving together with Great-west Mutual Fund

0.96	MXCOX	Great West Bond	Pair Corr
0.96	MXBIX	Great West Bond	Pair Corr
0.67	MXECX	Great-west Core	Pair Corr
0.88	MXEGX	Great-west Core	Pair Corr
0.95	MXDQX	Great West Government	Pair Corr
0.93	MXGBX	Great West Templeton	Pair Corr
0.96	MXGMX	Great West Government	Pair Corr
0.98	MXFDX	Great-west Core	Pair Corr

Moving against Great-west Mutual Fund

0.65	MXBUX	Great West Sp	Pair Corr
0.64	MXEBX	Great-west Core	Pair Corr
0.62	MXGSX	Great-west Multi-manager	Pair Corr
0.59	MXEQX	Great West T	Pair Corr
0.54	MXERX	Great West Sp	Pair Corr
0.53	MXFRX	Great West Putnam	Pair Corr

Related Correlations Analysis

	SFBPX	MXAGX	MXAKX	MXAHX	MXBQX	MXBOX	MXBPX	MXBUX	MXBSX	MXCJX
SFBPX		0.79	0.81	0.78	0.5	0.49	0.44	0.77	0.51	-0.14	SFBPX
MXAGX	0.79		1.0	1.0	0.73	0.72	0.72	0.36	0.73	0.3	MXAGX
MXAKX	0.81	1.0		1.0	0.73	0.72	0.71	0.39	0.73	0.28	MXAKX
MXAHX	0.78	1.0	1.0		0.73	0.73	0.72	0.34	0.73	0.3	MXAHX
MXBQX	0.5	0.73	0.73	0.73		1.0	0.98	0.41	1.0	0.76	MXBQX
MXBOX	0.49	0.72	0.72	0.73	1.0		0.98	0.4	1.0	0.77	MXBOX
MXBPX	0.44	0.72	0.71	0.72	0.98	0.98		0.36	0.98	0.82	MXBPX
MXBUX	0.77	0.36	0.39	0.34	0.41	0.4	0.36		0.42	-0.12	MXBUX
MXBSX	0.51	0.73	0.73	0.73	1.0	1.0	0.98	0.42		0.75	MXBSX
MXCJX	-0.14	0.3	0.28	0.3	0.76	0.77	0.82	-0.12	0.75		MXCJX
	SFBPX	MXAGX	MXAKX	MXAHX	MXBQX	MXBOX	MXBPX	MXBUX	MXBSX	MXCJX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MXAKX	+ 1.0	MXAGX
MXAHX	+ 1.0	MXAGX
MXAHX	+ 1.0	MXAKX
MXBOX	+ 1.0	MXBQX
MXBSX	+ 1.0	MXBQX
MXBSX	+ 1.0	MXBOX

High negative correlations

MXCJX	- 0.14	SFBPX
MXCJX	- 0.12	MXBUX

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SFBPX	0.37	(0.05)	(0.18)	0.03	0.45	(0.45)	0.84	(0.83)	2.87
MXAGX	0.23	(0.04)	(0.31)	(0.02)	0.30	(0.31)	0.56	(0.65)	1.79
MXAKX	0.24	(0.04)	(0.32)	(0.02)	0.30	(0.31)	0.47	(0.56)	1.88
MXAHX	0.24	(0.04)	(0.32)	(0.03)	0.30	(0.30)	0.56	(0.64)	1.77
MXBQX	0.49	(0.10)	0.00	(0.04)	0.00	0.00	1.19	(1.22)	5.31
MXBOX	0.49	(0.10)	0.00	(0.04)	0.00	0.00	1.19	(1.16)	5.30
MXBPX	0.36	(0.08)	0.00	(0.04)	0.00	0.00	0.97	(0.81)	4.21
MXBUX	0.72	(0.05)	(0.02)	0.08	0.80	(0.85)	1.70	(1.12)	5.14
MXBSX	0.50	(0.10)	0.00	(0.04)	0.00	0.00	1.19	(1.23)	5.26
MXCJX	0.45	(0.15)	0.00	(0.18)	0.00	0.00	0.92	(0.86)	8.48

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC