Great West Correlations

Mutual Funds . USA . 
Fund . Great West Emerging Markets
MXENX Fund  USD 10.84  0.01  0.09%   
The current 90-days correlation between Great West Emerging and Precious Metals Fund is -0.34 (i.e., Very good 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 Emerging Markets and DJI is 0.52 (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 Emerging Markets 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 Emerging Markets. 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 Mutual Fund

  0.99SFBPX Great-west SecurefoundationPairCorr
  0.99MXAGX Great West LifetimePairCorr
  0.98MXAKX Great West LifetimePairCorr
  0.99MXAHX Great West LifetimePairCorr
  0.99MXBQX Great West LifetimePairCorr
  0.99MXBOX Great West LifetimePairCorr
  0.98MXBPX Great West ModeratelyPairCorr
  0.96MXBUX Great West SpPairCorr
  0.64MXBSX Great West LifetimePairCorr
  0.98MXCJX Great West SecurefouPairCorr
  0.61MXCOX Great West BondPairCorr
  0.73MXAPX Great West AggressivePairCorr
  0.64MXATX Great West LifetimePairCorr
  0.64MXAUX Great West LifetimePairCorr
  0.99MXAYX Great West LifetimePairCorr
  0.65MXBEX Great West LifetimePairCorr
  0.99MXBDX Great West LifetimePairCorr
  0.99MXBGX Great West LifetimePairCorr
  0.7MXECX Great West EPairCorr
  0.98MXEBX Great West EPairCorr
  0.82MXEGX Great West EPairCorr
  0.76MXEDX Great West EPairCorr
  0.99MXEOX Great West EmergingPairCorr
  0.98MXELX Great West LifetimePairCorr
  0.62MXERX Great West SpPairCorr
  0.98MXEQX Great West TPairCorr
  0.65MXCPX Great West ServativePairCorr
  0.98MXDPX Great West ModeratelyPairCorr
  0.66MXGBX Great West TempletonPairCorr
  0.98MXGNX Great West LifetimePairCorr
  0.99MXGSX Great West MultiPairCorr
  0.97MXGQX Great West LifetimePairCorr
  0.98MXGPX Great West ModeratePairCorr
  0.98MXGTX Great West AggressivePairCorr
  0.99MXGUX Great West LifetimePairCorr

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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