Great-west Mfs Correlations

MXHTX Fund

USD 9.77 0.03 0.31%

The current 90-days correlation between Great West Mfs and Europacific Growth Fund is 0.94 (i.e., Almost no diversification). The correlation of Great-west Mfs 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 Mfs Correlation With Market

Very weak diversification

The correlation between Great West Mfs International and DJI is 0.56 (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 Mfs International 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 Mfs International. 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 estimate.

Moving together with Great-west Mutual Fund

0.63	MXCOX	Great West Bond	Pair Corr
0.63	MXBIX	Great West Bond	Pair Corr
0.97	MXECX	Great-west Core	Pair Corr
0.73	MXEGX	Great-west Core	Pair Corr
0.63	MXEDX	Great-west Core	Pair Corr
0.62	MXCPX	Great-west Conservative	Pair Corr
0.61	MXDQX	Great West Government	Pair Corr
0.71	MXGBX	Great West Templeton	Pair Corr
0.61	MXGMX	Great West Government	Pair Corr
0.64	MXFDX	Great-west Core	Pair Corr

Moving against Great-west Mutual Fund

0.34	MXEBX	Great-west Core	Pair Corr
0.33	MXBUX	Great West Sp	Pair Corr
0.4	MXFRX	Great West Putnam	Pair Corr
0.34	MXERX	Great West Sp	Pair Corr

Related Correlations Analysis

	AEPFX	RERGX	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	VIASP	AAEVX
AEPFX		1.0	0.2	0.0	-0.41	0.04	0.52	0.26	-0.66	0.05	AEPFX
RERGX	1.0		0.2	0.0	-0.41	0.04	0.52	0.26	-0.66	0.05	RERGX
444859BR2	0.2	0.2		0.0	0.31	-0.54	-0.45	-0.03	-0.46	-0.65	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.41	-0.41	0.31	0.0		-0.35	-0.45	-0.37	0.12	-0.28	BRRAY
LBHIX	0.04	0.04	-0.54	0.0	-0.35		0.68	0.56	0.26	0.73	LBHIX
MSTSX	0.52	0.52	-0.45	0.0	-0.45	0.68		0.27	-0.05	0.81	MSTSX
ABHYX	0.26	0.26	-0.03	0.0	-0.37	0.56	0.27		-0.12	0.1	ABHYX
VIASP	-0.66	-0.66	-0.46	0.0	0.12	0.26	-0.05	-0.12		0.47	VIASP
AAEVX	0.05	0.05	-0.65	0.0	-0.28	0.73	0.81	0.1	0.47		AAEVX
	AEPFX	RERGX	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	VIASP	AAEVX

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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

RERGX	+ 1.0	AEPFX
AAEVX	+ 0.81	MSTSX
AAEVX	+ 0.73	LBHIX
MSTSX	+ 0.68	LBHIX
ABHYX	+ 0.56	LBHIX
MSTSX	+ 0.52	AEPFX

High negative correlations

VIASP	- 0.66	RERGX
VIASP	- 0.66	AEPFX
AAEVX	- 0.65	444859BR2
LBHIX	- 0.54	444859BR2
VIASP	- 0.46	444859BR2
MSTSX	- 0.45	BRRAY

Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west Mfs 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 Mfs' 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
AEPFX	0.61	(0.12)	0.00	(0.11)	0.00	0.00	1.10	(1.47)	4.00
RERGX	0.61	(0.11)	0.00	(0.11)	0.00	0.00	1.11	(1.48)	4.02
444859BR2	1.36	(0.08)	0.00	(0.21)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
LBHIX	0.12	0.01	(0.39)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.03	(0.22)	(0.11)	0.25	(0.24)	0.34	(0.33)	1.91
VIASP	0.75	0.08	(0.03)	(1.87)	1.12	(0.82)	2.28	(1.20)	7.18
AAEVX	0.49	(0.02)	(0.09)	0.08	0.53	(0.59)	0.93	(0.77)	2.76

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