Great-west Lifetime Correlations

MXKLX Fund

USD 14.64 0.05 0.34%

The current 90-days correlation between Great West Lifetime and Great West Lifetime 2020 is 0.93 (i.e., Almost no diversification). The correlation of Great-west Lifetime 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 Lifetime Correlation With Market

Poor diversification

The correlation between Great West Lifetime 2035 and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Lifetime 2035 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 2035. 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 bureau of economic analysis.

Moving together with Great-west Mutual Fund

0.83	MXAGX	Great West Lifetime	Pair Corr
0.83	MXAKX	Great West Lifetime	Pair Corr
0.83	MXAHX	Great West Lifetime	Pair Corr
0.98	MXBQX	Great West Lifetime	Pair Corr
0.98	MXBOX	Great West Lifetime	Pair Corr
0.99	MXBPX	Great West Moderately	Pair Corr
0.99	MXAYX	Great West Lifetime	Pair Corr
0.99	MXBEX	Great West Lifetime	Pair Corr
0.99	MXBDX	Great West Lifetime	Pair Corr
0.97	MXELX	Great West Lifetime	Pair Corr
0.78	MXCPX	Great-west Conservative	Pair Corr
0.95	MXGNX	Great West Lifetime	Pair Corr
0.94	MXITX	Great West Moderate	Pair Corr
1.0	MXLLX	Great West Lifetime	Pair Corr
0.99	MXRLX	Great West Lifetime	Pair Corr

Related Correlations Analysis

	MXAGX	MXAKX	MXAHX	MXBQX	MXBOX	MXBPX	MXBUX	MXBSX	MXCJX
MXAGX		1.0	1.0	0.78	0.78	0.78	0.5	0.79	0.28	MXAGX
MXAKX	1.0		1.0	0.79	0.78	0.79	0.53	0.79	0.26	MXAKX
MXAHX	1.0	1.0		0.78	0.78	0.78	0.49	0.78	0.28	MXAHX
MXBQX	0.78	0.79	0.78		1.0	0.98	0.57	1.0	0.66	MXBQX
MXBOX	0.78	0.78	0.78	1.0		0.98	0.57	1.0	0.67	MXBOX
MXBPX	0.78	0.79	0.78	0.98	0.98		0.56	0.98	0.73	MXBPX
MXBUX	0.5	0.53	0.49	0.57	0.57	0.56		0.59	-0.02	MXBUX
MXBSX	0.79	0.79	0.78	1.0	1.0	0.98	0.59		0.65	MXBSX
MXCJX	0.28	0.26	0.28	0.66	0.67	0.73	-0.02	0.65		MXCJX
	MXAGX	MXAKX	MXAHX	MXBQX	MXBOX	MXBPX	MXBUX	MXBSX	MXCJX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MXAKX	+ 1.0	MXAGX
MXAHX	+ 1.0	MXAGX
MXAHX	+ 1.0	MXAKX
MXBOX	+ 1.0	MXBQX
MXBSX	+ 1.0	MXBQX
MXBSX	+ 1.0	MXBOX

High negative correlations

MXCJX

- 0.02

MXBUX

Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west Lifetime 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 Lifetime'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
MXAGX	0.24	(0.03)	(0.27)	0.01	0.28	(0.31)	0.56	(0.65)	1.50
MXAKX	0.23	(0.03)	(0.28)	0.01	0.28	(0.31)	0.47	(0.56)	1.60
MXAHX	0.23	(0.03)	(0.27)	0.01	0.28	(0.31)	0.56	(0.64)	1.49
MXBQX	0.48	(0.09)	0.00	(0.03)	0.00	0.00	1.19	(1.22)	4.59
MXBOX	0.48	(0.09)	0.00	(0.03)	0.00	0.00	1.19	(1.16)	4.65
MXBPX	0.35	(0.07)	0.00	(0.03)	0.00	0.00	0.97	(0.81)	3.68
MXBUX	0.74	(0.03)	0.00	0.09	0.78	(0.90)	1.70	(1.12)	5.14
MXBSX	0.48	(0.09)	0.00	(0.03)	0.00	0.00	1.19	(1.23)	4.53
MXCJX	0.44	(0.13)	0.00	(0.16)	0.00	0.00	0.92	(0.86)	7.63

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