Great West Correlations

Mutual Funds . USA . 
Fund . Great West Lifetime 2045
MXWEX Fund  USD 5.68  0.02  0.35%   
The current 90-days correlation between Great West Lifetime and Ab Small Cap is 0.77 (i.e., Poor 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

Weak diversification

The correlation between Great West Lifetime 2045 and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Lifetime 2045 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 2045. 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 income.

Moving together with Great Mutual Fund

  0.94SFBPX Great West SecurefouPairCorr
  0.95MXAGX Great West LifetimePairCorr
  0.95MXAKX Great West LifetimePairCorr
  0.95MXAHX Great West LifetimePairCorr
  0.99MXBQX Great West LifetimePairCorr
  0.99MXBOX Great West LifetimePairCorr
  0.95MXBPX Great West ModeratelyPairCorr
  0.89MXBUX Great West SpPairCorr
  0.99MXBSX Great West LifetimePairCorr
  0.99MXCJX Great West SecurefouPairCorr
  0.82MXCOX Great West BondPairCorr
  0.94MXAPX Great West AggressivePairCorr
  0.97MXATX Great West LifetimePairCorr
  0.98MXAUX Great West LifetimePairCorr
  0.97MXAYX Great West LifetimePairCorr
  0.99MXBEX Great West LifetimePairCorr
  0.98MXBDX Great West LifetimePairCorr
  0.82MXBIX Great West BondPairCorr
  0.98MXBGX Great West LifetimePairCorr
  0.63MXECX Great West EPairCorr
  0.68MXEBX Great West EPairCorr
  0.78MXEDX Great West EPairCorr
  0.97MXELX Great West LifetimePairCorr
  0.91MXERX Great West SpPairCorr
  0.91MXEQX Great West TPairCorr
  0.93MXCPX Great West ServativePairCorr
  0.82MXDQX Great West GovernmentPairCorr
  0.95MXDPX Great West ModeratelyPairCorr
  0.79MXGBX Great West TempletonPairCorr
  0.99MXGNX Great West LifetimePairCorr
  0.81MXGMX Great West GovernmentPairCorr
  0.87MXGSX Great West MultiPairCorr
  0.99MXGQX Great West LifetimePairCorr
  0.98MXGPX Great West ModeratePairCorr
  0.94MXGTX Great West AggressivePairCorr
  0.99MXGUX Great West LifetimePairCorr
  0.79MXFDX Great West EPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Great 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.

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