Great West Correlations

Mutual Funds . USA . 
Fund . Great West Aggressive Profile
MXGTX Fund  USD 12.20  0.02  0.16%   
The current 90-days correlation between Great West Aggressive and Great West Moderate Profile is -0.15 (i.e., 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 poor diversification

The correlation between Great West Aggressive Profile and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Aggressive Profile 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 Aggressive Profile. 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 Mutual Fund

  0.99SFBPX Great-west SecurefoundationPairCorr
  0.99MXAGX Great West LifetimePairCorr
  0.99MXAHX Great West LifetimePairCorr
  1.0MXBOX Great West LifetimePairCorr
  1.0MXBPX Great West ModeratelyPairCorr
  1.0MXBGX Great West LifetimePairCorr
  1.0MXEBX Great West EPairCorr
  0.72MXEDX Great West EPairCorr
  0.98MXEOX Great West EmergingPairCorr
  0.99MXEQX Great West TPairCorr
  1.0MXDPX Great West ModeratelyPairCorr
  0.98MXGNX Great West LifetimePairCorr
  1.0MXGUX Great West LifetimePairCorr
  0.98MXFLX Great West LifetimePairCorr
  0.78MXIHX Great West InflationPairCorr
  0.98MXIVX Great West MfsPairCorr
  0.98MXHAX Great West LargePairCorr
  0.97MXHTX Great West MfsPairCorr
  0.98MXKJX Great West GoldmanPairCorr
  0.99MXKWX Great West SpPairCorr
  0.98MXJVX Great West MfsPairCorr
  0.98MXMPX Great West ModeratePairCorr
  0.96MXLSX Great West LoomisPairCorr
  0.78MXREX Great West RealPairCorr
  0.8MXSFX Great West RealPairCorr
  0.86MXXJX Great West ShortPairCorr
  0.99CGRGX American Funds GrowthPairCorr
  0.99FPGGX American Funds GrowthPairCorr
  0.99FGPGX American Funds GrowthPairCorr
  0.99MUTHX Franklin Mutual SharesPairCorr
  0.97TESRX Franklin Mutual SharesPairCorr
  0.99FMSHX Franklin Mutual SharesPairCorr
  0.99GWPCX American Funds GrowthPairCorr
  0.99GWPFX American Funds GrowthPairCorr
  0.98GWPAX American Funds GrowthPairCorr
  0.98CGQGX American Funds GrowthPairCorr
  0.84LIIAX Columbia Porate IncomePairCorr
  0.84SRINX Columbia Porate IncomePairCorr

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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