Great-west Lifetime Correlations

Mutual Funds USA . 
Fund . Great West Lifetime 2060
MXGNX Fund  USD 11.48  0.02  0.17%   
The current 90-days correlation between Great West Lifetime and American Funds 2060 is 0.61 (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

Very weak diversification

The correlation between Great West Lifetime 2060 and DJI is 0.58 (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 Lifetime 2060 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 2060. 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 board of governors.

Moving together with Great-west Mutual Fund

  0.64SFBPX Great-west SecurefoundationPairCorr
  0.78MXAGX Great West LifetimePairCorr
  0.78MXAKX Great West LifetimePairCorr
  0.78MXAHX Great West LifetimePairCorr
  0.97MXBQX Great West LifetimePairCorr
  0.97MXBOX Great West LifetimePairCorr
  0.94MXBPX Great West ModeratelyPairCorr
  0.97MXBSX Great West LifetimePairCorr
  0.62MXCJX Great-west SecurefoundationPairCorr
  0.92MXAPX Great West AggressivePairCorr
  0.93MXATX Great West LifetimePairCorr
  0.92MXAUX Great West LifetimePairCorr
  0.93MXAYX Great West LifetimePairCorr
  0.97MXBEX Great West LifetimePairCorr
  0.97MXBDX Great West LifetimePairCorr
  0.97MXBGX Great West LifetimePairCorr
  0.89MXELX Great West LifetimePairCorr
  0.63MXCPX Great-west ConservativePairCorr
  0.85MXDPX Great West ModeratelyPairCorr
  1.0MXGQX Great West LifetimePairCorr
  0.92MXGPX Great West ModeratePairCorr
  0.91MXGTX 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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