Great West Correlations

Mutual Funds . USA . 
Fund . Great West Lifetime 2015
MXNYX Fund  USD 7.58  0.04  0.53%   
The current 90-days correlation between Great West Lifetime and Great West Securefoundation Balanced is 0.94 (i.e., Almost no 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 Lifetime 2015 and DJI is 0.81 (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 Lifetime 2015 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 2015. 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 manufacturing.

Moving together with Great Mutual Fund

  1.0SFBPX Great West SecurefouPairCorr
  1.0MXAGX Great West LifetimePairCorr
  1.0MXAKX Great West LifetimePairCorr
  1.0MXAHX Great West LifetimePairCorr
  0.99MXBQX Great West LifetimePairCorr
  0.99MXBOX Great West LifetimePairCorr
  0.99MXBPX Great West ModeratelyPairCorr
  0.95MXBUX Great West SpPairCorr
  0.99MXBSX Great West LifetimePairCorr
  0.97MXCJX Great West SecurefouPairCorr
  0.74MXCOX Great West BondPairCorr
  0.99MXAPX Great West AggressivePairCorr
  1.0MXATX Great West LifetimePairCorr
  0.98MXAUX Great West LifetimePairCorr
  1.0MXAYX Great West LifetimePairCorr
  0.99MXBEX Great West LifetimePairCorr
  0.99MXBDX Great West LifetimePairCorr
  0.71MXBIX Great West BondPairCorr
  0.99MXBGX Great West LifetimePairCorr
  0.99MXEBX Great West EPairCorr
  0.83MXEGX Great West EPairCorr
  0.85MXEDX Great West EPairCorr
  0.98MXEOX Great West EmergingPairCorr
  0.98MXENX Great West EmergingPairCorr
  1.0MXELX Great West LifetimePairCorr
  0.95MXERX Great West SpPairCorr
  0.98MXEQX Great West TPairCorr
  1.0MXCPX Great West ServativePairCorr
  0.65MXDQX Great West GovernmentPairCorr
  0.97MXDPX Great West ModeratelyPairCorr
  0.7MXGBX Great West TempletonPairCorr
  0.99MXGNX Great West LifetimePairCorr
  0.98MXGSX Great West MultiPairCorr
  0.99MXGQX Great West LifetimePairCorr
  0.99MXGPX Great West ModeratePairCorr
  0.99MXGTX Great West AggressivePairCorr
  0.99MXGUX Great West LifetimePairCorr
  0.74MXFDX 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  0.03 (0.04) 0.16  0.27 
(0.38)
 0.78 
(0.68)
 2.68 
MXAGX  0.24  0.03 (0.11) 0.18  0.08 
(0.31)
 0.56 
(0.38)
 1.82 
MXAKX  0.24  0.03 (0.11) 0.19  0.01 
(0.31)
 0.66 
(0.38)
 1.82 
MXAHX  0.23  0.03 (0.12) 0.19  0.00 
(0.30)
 0.65 
(0.36)
 1.79 
MXBQX  0.43  0.06  0.04  0.20  0.29 
(0.54)
 1.16 
(0.72)
 3.41 
MXBOX  0.43  0.06  0.04  0.19  0.28 
(0.53)
 1.09 
(0.68)
 3.46 
MXBPX  0.38  0.03 (0.02) 0.16  0.29 
(0.48)
 0.95 
(0.69)
 2.80 
MXBUX  0.74  0.01  0.02  0.11  0.75 
(0.90)
 1.42 
(1.41)
 6.17 
MXBSX  0.43  0.06  0.04  0.19  0.29 
(0.53)
 1.09 
(0.73)
 3.53 
MXCJX  0.34  0.08 (0.05)(1.34) 0.30 
(0.41)
 0.93 
(0.65)
 2.74 

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