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

Great-westDowDiversified AwayGreat-westDowDiversified Away100%

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

  0.83SFBPX Great-west SecurefoundationPairCorr
  0.62MXBQX Great West LifetimePairCorr
  0.61MXBOX Great West LifetimePairCorr
  0.97MXBUX Great West SpPairCorr
  0.83MXCJX Great-west SecurefoundationPairCorr
  0.61MXBEX Great West LifetimePairCorr
  0.62MXBGX Great West LifetimePairCorr
  0.92MXEBX Great West EPairCorr
  0.97MXERX Great West SpPairCorr
  0.85MXEQX Great West TPairCorr
  0.61MXGNX Great West LifetimePairCorr
  0.85MXGSX Great-west Multi-managerPairCorr
  0.62MXGQX Great West LifetimePairCorr
  0.69MXGPX Great West ModeratePairCorr

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 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.