Great West Correlations

Mutual Funds . USA . 
Fund . Great West Moderately Servative
MXHPX Fund  USD 9.91  0.01  0.10%   
The current 90-days correlation between Great West Moderately and Qs Growth Fund is -0.16 (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 Moderately Servativ and DJI is 0.84 (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 Moderately Servativ 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 Moderately Servative. 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 american community survey.

Moving together with Great Mutual Fund

  1.0SFBPX Great-west SecurefoundationPairCorr
  1.0MXAGX Great West LifetimePairCorr
  0.98MXAKX Great West LifetimePairCorr
  1.0MXAHX Great West LifetimePairCorr
  1.0MXBQX Great West LifetimePairCorr
  1.0MXBOX Great West LifetimePairCorr
  1.0MXBPX Great West ModeratelyPairCorr
  0.98MXBUX Great West SpPairCorr
  0.65MXBSX Great West LifetimePairCorr
  0.98MXCJX Great West SecurefouPairCorr
  0.63MXCOX Great West BondPairCorr
  0.73MXAPX Great West AggressivePairCorr
  0.64MXATX Great West LifetimePairCorr
  0.98MXAUX Great West LifetimePairCorr
  1.0MXAYX Great West LifetimePairCorr
  0.65MXBEX Great West LifetimePairCorr
  1.0MXBDX Great West LifetimePairCorr
  1.0MXBGX Great West LifetimePairCorr
  0.71MXECX Great West EPairCorr
  0.99MXEBX Great West EPairCorr
  0.82MXEGX Great West EPairCorr
  0.76MXEDX Great West EPairCorr
  0.98MXEOX Great West EmergingPairCorr
  0.98MXENX Great West EmergingPairCorr
  0.98MXELX Great West LifetimePairCorr
  0.63MXERX Great West SpPairCorr
  0.99MXEQX Great West TPairCorr
  0.66MXCPX Great West ServativePairCorr
  1.0MXDPX Great West ModeratelyPairCorr
  0.65MXGBX Great West TempletonPairCorr
  0.98MXGNX Great West LifetimePairCorr
  0.99MXGSX Great West MultiPairCorr
  0.97MXGQX Great West LifetimePairCorr
  0.98MXGPX Great West ModeratePairCorr
  1.0MXGTX Great West AggressivePairCorr
  1.0MXGUX Great West LifetimePairCorr
  0.64MXFDX 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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