Great West Correlations

Check out Correlation Analysis to better understand how to build diversified portfolios. 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 unemployment.

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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    ELMXX + 1.0 HEWXX GMBXX + 1.0 HEWXX GMBXX + 1.0 ELMXX HEWXX + 0.97 JRSXX ELMXX + 0.97 JRSXX GMBXX + 0.97 JRSXX

High negative correlations    GMBXX - 0.0 JHMXX ELMXX - 0.0 JHMXX SBFAX - 0.0 JHMXX JHMXX - 0.0 PFSQX JHMXX - 0.0 HEWXX JHMXX - 0.0 JRSXX

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.