Guggenheim Styleplus Correlations

GILIX Fund

USD 22.88 0.11 0.48%

The current 90-days correlation between Guggenheim Styleplus and The Value Fund is 0.71 (i.e., Poor diversification). The correlation of Guggenheim Styleplus 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 Styleplus Correlation With Market

Good diversification

The correlation between Guggenheim Styleplus and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Styleplus 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 Styleplus . 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 Guggenheim Mutual Fund

1.0	TVRCX	Guggenheim Directional	Pair Corr
1.0	TVRAX	Guggenheim Directional	Pair Corr
0.95	TVRIX	Guggenheim Directional	Pair Corr
0.83	GUCPX	Gugg Actv Invmt	Pair Corr
0.84	GULDX	Gugg Actv Invmt	Pair Corr
0.8	SDICX	Guggenheim Investment	Pair Corr
1.0	SECEX	Guggenheim Styleplus	Pair Corr
0.95	SECIX	Guggenheim Large Cap	Pair Corr
0.9	SEGIX	Guggenheim Large Cap	Pair Corr
0.88	SEQAX	Guggenheim World Equity	Pair Corr
0.89	SEWIX	Guggenheim World Equity	Pair Corr
0.95	SFECX	Guggenheim Styleplus	Pair Corr
0.82	SFGCX	Guggenheim World Equity	Pair Corr
0.86	GIBCX	Guggenheim Total Return	Pair Corr
0.82	GIBIX	Guggenheim Total Return	Pair Corr
0.82	GIBLX	Guggenheim Total Return	Pair Corr
0.85	GIBRX	Guggenheim Total Return	Pair Corr
0.85	GIBAX	Guggenheim Total Return	Pair Corr
0.84	GIKRX	Guggenheim Limited	Pair Corr
0.94	GIJAX	Guggenheim Municipal	Pair Corr
0.93	GIJCX	Guggenheim Municipal	Pair Corr
0.94	GIJIX	Guggenheim Municipal	Pair Corr
0.93	GIJPX	Guggenheim Municipal	Pair Corr
0.82	GILCX	Guggenheim Large Cap	Pair Corr

Moving against Guggenheim Mutual Fund

0.6	SUFCX	Guggenheim Styleplus	Pair Corr
0.58	SECUX	Guggenheim Styleplus	Pair Corr
0.39	SAOCX	Guggenheim Alpha Opp	Pair Corr
0.57	GIUIX	Guggenheim Styleplus	Pair Corr

Related Correlations Analysis

	GILIX	CFVLX	FIMPX	NSCRX	BTEFX	NSCFX	HLMEX	FISPX	BTMFX	WBGSX
GILIX		0.55	0.62	0.18	0.67	0.19	0.87	0.94	-0.44	0.8	GILIX
CFVLX	0.55		0.48	0.28	0.56	0.29	0.45	0.55	-0.03	0.54	CFVLX
FIMPX	0.62	0.48		0.45	0.75	0.45	0.71	0.79	-0.19	0.87	FIMPX
NSCRX	0.18	0.28	0.45		0.64	1.0	0.27	0.33	0.57	0.42	NSCRX
BTEFX	0.67	0.56	0.75	0.64		0.65	0.81	0.76	-0.08	0.81	BTEFX
NSCFX	0.19	0.29	0.45	1.0	0.65		0.28	0.33	0.57	0.43	NSCFX
HLMEX	0.87	0.45	0.71	0.27	0.81	0.28		0.87	-0.49	0.77	HLMEX
FISPX	0.94	0.55	0.79	0.33	0.76	0.33	0.87		-0.32	0.9	FISPX
BTMFX	-0.44	-0.03	-0.19	0.57	-0.08	0.57	-0.49	-0.32		-0.26	BTMFX
WBGSX	0.8	0.54	0.87	0.42	0.81	0.43	0.77	0.9	-0.26		WBGSX
	GILIX	CFVLX	FIMPX	NSCRX	BTEFX	NSCFX	HLMEX	FISPX	BTMFX	WBGSX

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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

NSCFX	+ 1.0	NSCRX
FISPX	+ 0.94	GILIX
WBGSX	+ 0.9	FISPX
HLMEX	+ 0.87	GILIX
WBGSX	+ 0.87	FIMPX
FISPX	+ 0.87	HLMEX

High negative correlations

BTMFX	- 0.49	HLMEX
BTMFX	- 0.44	GILIX
BTMFX	- 0.32	FISPX
WBGSX	- 0.26	BTMFX
BTMFX	- 0.19	FIMPX
BTMFX	- 0.08	BTEFX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Styleplus 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 Styleplus' 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
GILIX	0.51	0.06	0.04	(10.67)	0.68	(0.52)	1.12	(0.93)	3.87
CFVLX	0.39	0.02	(0.03)	(0.18)	0.46	(0.46)	0.99	(0.75)	3.16
FIMPX	0.95	0.03	0.00	0.59	1.19	(0.95)	1.85	(1.72)	6.46
NSCRX	0.81	(0.02)	(0.01)	0.02	1.10	(0.81)	1.64	(1.74)	7.76
BTEFX	0.44	0.00	(0.01)	0.04	0.55	(0.43)	0.92	(0.67)	3.26
NSCFX	0.81	(0.02)	(0.01)	0.02	1.10	(0.84)	1.65	(1.74)	7.77
HLMEX	0.52	0.09	0.10	0.20	0.61	(0.56)	1.06	(1.13)	4.24
FISPX	0.53	0.04	0.00	3.06	0.78	(0.54)	1.21	(1.10)	4.31
BTMFX	0.55	(0.07)	0.00	(0.06)	0.00	0.00	1.15	(1.06)	3.99
WBGSX	0.80	(0.01)	(0.03)	1.22	1.19	(0.73)	1.73	(1.94)	5.25

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