Guggenheim Styleplus Correlations

Mutual Funds . USA . 
Fund . Guggenheim Styleplus
GILIX Fund  USD 19.47  0.29  1.51%   
The current 90-days correlation between Guggenheim Styleplus and Wilmington Large Cap Strategy is 1.0 (i.e., No risk reduction). 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

Almost no diversification

The correlation between Guggenheim Styleplus and DJI is 0.95 (i.e., Almost no 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

  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VIIIX Vanguard InstitutionalPairCorr
  0.81GPMFX Guidepath Managed FuturesPairCorr
  0.7PQTAX Pimco Trends ManagedPairCorr
  0.7PQTNX Pimco Trends ManagedPairCorr
  0.7PQTIX Aa Pimco TrPairCorr
  0.74WARCX Wells Fargo AdvantagePairCorr
  0.86CAT CaterpillarPairCorr
  0.86IBM International BusinessPairCorr
  0.83GE GE AerospacePairCorr
  0.93CSCO Cisco Systems Sell-off TrendPairCorr
  0.85AA Alcoa Corp Earnings Call This WeekPairCorr
  0.78PFE Pfizer Inc Aggressive PushPairCorr
  0.89DD Dupont De NemoursPairCorr
  0.91BAC Bank of America Aggressive PushPairCorr
  0.87JPM JPMorgan ChasePairCorr

Moving against Guggenheim Mutual Fund

  0.42KO Coca ColaPairCorr
  0.42VZ Verizon Communications Aggressive PushPairCorr
  0.39T ATT Inc Earnings Call TomorrowPairCorr

Related Correlations Analysis

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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   
PCCOX
+ 1.0
WMLIX
SICWX
+ 1.0
AWEIX
AWEIX
+ 0.99
WMLIX
SICWX
+ 0.99
WMLIX
PCCOX
+ 0.99
AWEIX
PCCOX
+ 0.99
SICWX
  
High negative correlations   
JPDEX
- 0.0
PCCOX
JPDEX
- 0.0
SICWX
JPDEX
- 0.0
AWEIX
JPDEX
- 0.0
WMLIX

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.

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