Great-west Real Correlations

MXREX Fund

USD 13.88 0.08 0.58%

The current 90-days correlation between Great West Real and Invesco Gold Special is 0.24 (i.e., Modest diversification). The correlation of Great-west Real 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 Real Correlation With Market

Modest diversification

The correlation between Great West Real Estate and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Real Estate 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 Real Estate. 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 income.

Moving together with Great-west Mutual Fund

0.73	DX	Dynex Capital	Pair Corr
0.8	HR	Healthcare Realty Trust	Pair Corr
0.62	OZ	Belpointe PREP LLC	Pair Corr
0.71	EPRT	Essential Properties	Pair Corr

Moving against Great-west Mutual Fund

0.43

Power REIT

Pair Corr

Related Correlations Analysis

	IOGYX	GCEBX	SPPIX	GLRBX	SGDLX	AGGWX
IOGYX		0.14	-0.88	0.55	0.98	0.98	IOGYX
GCEBX	0.14		-0.47	-0.18	0.15	0.22	GCEBX
SPPIX	-0.88	-0.47		-0.29	-0.91	-0.94	SPPIX
GLRBX	0.55	-0.18	-0.29		0.48	0.44	GLRBX
SGDLX	0.98	0.15	-0.91	0.48		0.99	SGDLX
AGGWX	0.98	0.22	-0.94	0.44	0.99		AGGWX
	IOGYX	GCEBX	SPPIX	GLRBX	SGDLX	AGGWX

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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

AGGWX	+ 0.99	SGDLX
SGDLX	+ 0.98	IOGYX
AGGWX	+ 0.98	IOGYX
GLRBX	+ 0.55	IOGYX
SGDLX	+ 0.48	GLRBX
AGGWX	+ 0.44	GLRBX

High negative correlations

AGGWX	- 0.94	SPPIX
SGDLX	- 0.91	SPPIX
SPPIX	- 0.88	IOGYX
SPPIX	- 0.47	GCEBX
GLRBX	- 0.29	SPPIX
GLRBX	- 0.18	GCEBX

Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west Real 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 Real'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
IOGYX	1.45	(0.03)	(0.05)	0.05	1.75	(1.53)	2.72	(2.81)	8.64
GCEBX	0.76	(0.12)	0.00	0.70	0.00	0.00	1.36	(1.75)	8.30
SPPIX	1.42	0.11	(0.01)	(0.49)	1.72	(1.56)	3.24	(2.31)	10.50
GLRBX	0.31	(0.03)	(0.22)	0.04	0.39	(0.32)	0.61	(0.70)	1.88
SGDLX	1.35	0.00	(0.06)	0.14	1.64	(1.47)	2.78	(2.57)	9.03
AGGWX	1.49	(0.05)	0.00	(0.07)	0.00	0.00	2.93	(2.97)	9.49

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