Guggenheim Limited Correlations

Mutual Funds . USA . 
Fund . Guggenheim Limited Duration
GILHX Fund  USD 24.57  0.02  0.08%   
The current 90-days correlation between Guggenheim Limited and Guggenheim Macro Opportunities is 0.82 (i.e., Very poor diversification). The correlation of Guggenheim Limited 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.

Guggenheim Limited Correlation With Market

Significant diversification

The correlation between Guggenheim Limited Duration and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Limited Duration and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guggenheim Limited Duration. 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 rate.

Moving together with Guggenheim Mutual Fund

  0.9TVRCX Guggenheim DirectionalPairCorr
  0.91TVRAX Guggenheim DirectionalPairCorr
  0.91TVRIX Guggenheim DirectionalPairCorr
  0.8GUCPX Gugg Actv InvmtPairCorr
  0.78GULDX Gugg Actv InvmtPairCorr
  0.66GURAX Guggenheim Risk ManagedPairCorr
  0.65GURCX Guggenheim Risk ManagedPairCorr
  0.67GURIX Guggenheim Risk ManagedPairCorr
  0.74SUFCX Guggenheim StyleplusPairCorr
  0.74SDICX Guggenheim InvestmentPairCorr
  0.7SECEX Guggenheim StyleplusPairCorr
  0.74SECIX Guggenheim Large CapPairCorr
  0.67SEVAX Guggenheim Mid CapPairCorr
  0.73SEWIX Guggenheim World EquityPairCorr
  0.7SFECX Guggenheim StyleplusPairCorr
  0.94GIBCX Guggenheim Total ReturnPairCorr
  0.96GIBIX Guggenheim Total ReturnPairCorr
  0.96GIBLX Guggenheim Total ReturnPairCorr
  0.96GIBRX Guggenheim Total ReturnPairCorr
  0.96GIBAX Guggenheim Total ReturnPairCorr
  0.71GIFPX Guggenheim Floating RatePairCorr
  0.87GIFAX Guggenheim Floating RatePairCorr
  0.71GIFCX Guggenheim Floating RatePairCorr
  0.88GIFIX Guggenheim Floating RatePairCorr
  0.97GIKRX Guggenheim LimitedPairCorr
  0.89GILCX Guggenheim Large CapPairCorr
  0.79GILDX Guggenheim LimitedPairCorr
  0.7GILIX Guggenheim StyleplusPairCorr

Moving against Guggenheim Mutual Fund

  0.31SAOSX Guggenheim Alpha OppPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Limited 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 Guggenheim Limited'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.

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