Great-west Correlations

MXNZX Fund

USD 8.08 0.10 1.22%

The current 90-days correlation between Great West Sp and Transam Short Term Bond is 0.14 (i.e., Average diversification). The correlation of Great-west 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 Correlation With Market

Very weak diversification

The correlation between Great West Sp Mid and DJI is 0.53 (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 Sp Mid 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 Sp Mid. 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 nation.

Moving together with Great-west Mutual Fund

0.83	SFBPX	Great-west Securefoundation	Pair Corr
0.62	MXBQX	Great West Lifetime	Pair Corr
0.61	MXBOX	Great West Lifetime	Pair Corr
0.97	MXBUX	Great West Sp	Pair Corr
0.83	MXCJX	Great-west Securefoundation	Pair Corr
0.61	MXBEX	Great West Lifetime	Pair Corr
0.62	MXBGX	Great West Lifetime	Pair Corr
0.92	MXEBX	Great West E	Pair Corr
0.97	MXERX	Great West Sp	Pair Corr
0.85	MXEQX	Great West T	Pair Corr
0.61	MXGNX	Great West Lifetime	Pair Corr
0.85	MXGSX	Great-west Multi-manager	Pair Corr
0.62	MXGQX	Great West Lifetime	Pair Corr
0.69	MXGPX	Great West Moderate	Pair Corr

Related Correlations Analysis

	TAAQX	CRDSX	ESFCX	TSDCX	AOUNX	MWUIX	RSDIX	TASTX
TAAQX		0.97	0.87	0.95	0.96	0.96	0.99	1.0	TAAQX
CRDSX	0.97		0.9	0.9	0.94	0.93	0.96	0.97	CRDSX
ESFCX	0.87	0.9		0.91	0.93	0.84	0.88	0.86	ESFCX
TSDCX	0.95	0.9	0.91		0.99	0.96	0.96	0.94	TSDCX
AOUNX	0.96	0.94	0.93	0.99		0.96	0.97	0.96	AOUNX
MWUIX	0.96	0.93	0.84	0.96	0.96		0.98	0.96	MWUIX
RSDIX	0.99	0.96	0.88	0.96	0.97	0.98		0.99	RSDIX
TASTX	1.0	0.97	0.86	0.94	0.96	0.96	0.99		TASTX
	TAAQX	CRDSX	ESFCX	TSDCX	AOUNX	MWUIX	RSDIX	TASTX

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Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west 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'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
TAAQX	0.08	0.02	0.31	3.83	(0.16)	0.21	(0.10)	0.72
CRDSX	0.08	0.01	0.28	0.61	(0.14)	0.21	(0.10)	0.52
ESFCX	0.16	0.04	0.14	2.31	(0.27)	0.43	(0.42)	1.09
TSDCX	0.05	0.01	0.00	3.11	0.00	0.11	(0.11)	0.66
AOUNX	0.06	0.01	0.00	(2.86)	0.00	0.10	(0.10)	0.52
MWUIX	0.07	0.02	0.00	1.35	0.00	0.24	(0.24)	0.98
RSDIX	0.09	0.02	0.34	1.01	(0.16)	0.21	(0.10)	0.73
TASTX	0.08	0.02	0.31	2.07	(0.17)	0.21	(0.10)	0.72

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Great-west Correlations

Great-west Correlation With Market

Very weak diversification

Moving together with Great-west Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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