Great-west Bond Correlations

MXBIX Fund

USD 13.03 0.04 0.31%

The current 90-days correlation between Great West Bond and Semiconductor Ultrasector Profund is -0.3 (i.e., Very good diversification). The correlation of Great-west Bond 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 Bond Correlation With Market

Good diversification

The correlation between Great West Bond Index and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Bond Index 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 Bond Index. 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 gross domestic product.

Moving together with Great-west Mutual Fund

1.0	MXCOX	Great West Bond	Pair Corr
0.73	MXECX	Great-west Core	Pair Corr
0.9	MXEGX	Great-west Core	Pair Corr
0.98	MXEDX	Great-west Core	Pair Corr
0.61	MXCPX	Great-west Conservative	Pair Corr
1.0	MXDQX	Great West Government	Pair Corr
0.98	MXGBX	Great West Templeton	Pair Corr
1.0	MXGMX	Great West Government	Pair Corr
1.0	MXFDX	Great-west Core	Pair Corr

Moving against Great-west Mutual Fund

0.71	MXEBX	Great-west Core	Pair Corr
0.68	MXBUX	Great West Sp	Pair Corr
0.66	MXEQX	Great West T	Pair Corr
0.6	MXERX	Great West Sp	Pair Corr
0.74	MXKWX	Great West Sp	Pair Corr
0.71	MXGSX	Great-west Multi-manager	Pair Corr
0.68	MXMDX	Great West Sp	Pair Corr
0.66	MXHAX	Great West Large	Pair Corr
0.64	MXFRX	Great West Putnam	Pair Corr
0.63	MXHYX	Great West Putnam	Pair Corr
0.6	MXISX	Great West Sp	Pair Corr
0.6	MXKJX	Great West Goldman	Pair Corr

Related Correlations Analysis

	SMPIX	RALCX	LIOTX	RYATX	APDTX	LANIX	VWNDX
SMPIX		0.72	0.72	0.89	0.81	0.82	0.67	SMPIX
RALCX	0.72		0.71	0.86	0.88	0.9	0.82	RALCX
LIOTX	0.72	0.71		0.87	0.89	0.89	0.93	LIOTX
RYATX	0.89	0.86	0.87		0.95	0.97	0.9	RYATX
APDTX	0.81	0.88	0.89	0.95		0.96	0.91	APDTX
LANIX	0.82	0.9	0.89	0.97	0.96		0.95	LANIX
VWNDX	0.67	0.82	0.93	0.9	0.91	0.95		VWNDX
	SMPIX	RALCX	LIOTX	RYATX	APDTX	LANIX	VWNDX

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Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west Bond 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 Bond'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SMPIX	2.61	(0.19)	(0.01)	0.03	3.88	(2.40)	4.26	(6.39)	17.06
RALCX	0.43	(0.03)	(0.13)	0.07	0.53	(0.46)	0.76	(0.84)	2.81
LIOTX	0.63	0.07	0.03	0.24	0.69	(0.74)	1.25	(1.28)	3.54
RYATX	0.74	(0.02)	(0.02)	0.11	1.06	(0.73)	1.55	(2.40)	5.13
APDTX	0.78	0.05	0.02	0.18	1.01	(0.78)	1.73	(1.27)	5.07
LANIX	0.50	(0.02)	(0.07)	0.10	0.53	(0.55)	0.99	(0.87)	3.06
VWNDX	0.56	(0.02)	(0.06)	0.11	0.45	(0.65)	1.07	(0.91)	3.78

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