Great West Correlations

Mutual Funds . USA . 
Fund . Great West Moderate Profile
MXMPX Fund  USD 6.71  0.02  0.30%   
The current 90-days correlation between Great West Moderate and Great West Securefoundation Balanced is -0.06 (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

Good diversification

The correlation between Great West Moderate Profile and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Moderate 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 Moderate 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 american community survey.

Moving together with Great Mutual Fund

  0.63MXAHX Great West LifetimePairCorr
  0.63MXBOX Great West LifetimePairCorr
  0.63MXBPX Great West ModeratelyPairCorr
  0.98MXBUX Great West SpPairCorr
  1.0MXBSX Great West LifetimePairCorr
  1.0MXCJX Great West SecurefouPairCorr
  0.61MXCOX Great West BondPairCorr
  1.0MXAPX Great West AggressivePairCorr
  1.0MXATX Great West LifetimePairCorr
  1.0MXAUX Great West LifetimePairCorr
  1.0MXAYX Great West LifetimePairCorr
  1.0MXBEX Great West LifetimePairCorr
  1.0MXBDX Great West LifetimePairCorr
  1.0MXBGX Great West LifetimePairCorr
  0.98MXECX Great West EPairCorr
  0.99MXEBX Great West EPairCorr
  0.78MXEGX Great West EPairCorr
  0.67MXEOX Great West EmergingPairCorr
  0.99MXENX Great West EmergingPairCorr
  1.0MXELX Great West LifetimePairCorr
  0.98MXERX Great West SpPairCorr
  0.99MXEQX Great West TPairCorr
  1.0MXCPX Great West ServativePairCorr
  1.0MXDPX Great West ModeratelyPairCorr
  0.61MXGBX Great West TempletonPairCorr
  1.0MXGNX Great West LifetimePairCorr
  1.0MXGSX Great West MultiPairCorr
  1.0MXGQX Great West LifetimePairCorr
  1.0MXGPX Great West ModeratePairCorr
  1.0MXGTX Great West AggressivePairCorr
  1.0MXGUX Great West LifetimePairCorr
  0.62MXFDX Great West EPairCorr
  1.0MXFLX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SFBPX  0.34  0.09  0.00  0.37  0.14 
(0.41)
 0.91 
(0.68)
 2.68 
MXAGX  0.25  0.06 (0.10) 0.42  0.00 
(0.33)
 0.68 
(0.38)
 1.84 
MXAKX  0.24  0.07 (0.10) 0.44  0.00 
(0.33)
 0.68 
(0.38)
 1.82 
MXAHX  0.24  0.07 (0.09) 0.49  0.00 
(0.33)
 0.67 
(0.36)
 1.79 
MXBQX  0.42  0.12  0.07  0.40  0.11 
(0.56)
 1.36 
(0.72)
 3.41 
MXBOX  0.42  0.18  0.07 (39.77) 0.00 
(0.55)
 1.38 
(0.68)
 3.46 
MXBPX  0.37  0.09  0.00  0.40  0.00 
(0.49)
 1.26 
(0.69)
 2.80 
MXBUX  0.78  0.24  0.07 (1.19) 0.76 
(0.95)
 2.19 
(1.57)
 6.17 
MXBSX  0.48  0.20  0.07 (2.50) 0.29 
(0.58)
 1.55 
(1.10)
 3.53 
MXCJX  0.37  0.14 (0.01)(2.34) 0.19 
(0.46)
 1.23 
(0.72)
 2.74 

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