Guggenheim Styleplus Correlations

GIUIX Fund

USD 37.87 0.24 0.64%

The current 90-days correlation between Guggenheim Styleplus and Semiconductor Ultrasector Profund is 0.39 (i.e., Weak 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

Poor diversification

The correlation between Guggenheim Styleplus and DJI is 0.78 (i.e., Poor 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	SUFCX	Guggenheim Styleplus	Pair Corr
0.7	SVUIX	Guggenheim Mid Cap	Pair Corr
0.9	SECUX	Guggenheim Styleplus	Pair Corr
0.64	SEVSX	Guggenheim Mid Cap	Pair Corr

Moving against Guggenheim Mutual Fund

0.74	GULDX	Gugg Actv Invmt	Pair Corr
0.5	GUCPX	Gugg Actv Invmt	Pair Corr
0.47	SECEX	Guggenheim Styleplus	Pair Corr
0.46	TVRAX	Guggenheim Directional	Pair Corr
0.45	TVRCX	Guggenheim Directional	Pair Corr
0.45	SECIX	Guggenheim Large Cap	Pair Corr
0.35	TVRIX	Guggenheim Directional	Pair Corr
0.32	SEGIX	Guggenheim Large Cap	Pair Corr
0.7	GIJAX	Guggenheim Municipal	Pair Corr
0.64	GIKRX	Guggenheim Limited	Pair Corr
0.6	GIFIX	Guggenheim Floating Rate	Pair Corr
0.55	GIFPX	Guggenheim Floating Rate	Pair Corr
0.55	GIFAX	Guggenheim Floating Rate	Pair Corr
0.53	GIFSX	Guggenheim Floating Rate	Pair Corr
0.44	GIFCX	Guggenheim Floating Rate	Pair Corr
0.41	GIBIX	Guggenheim Total Return	Pair Corr
0.39	GIBRX	Guggenheim Total Return	Pair Corr
0.38	GIBLX	Guggenheim Total Return	Pair Corr
0.37	GIBAX	Guggenheim Total Return	Pair Corr
0.33	SFECX	Guggenheim Styleplus	Pair Corr
0.31	GIBCX	Guggenheim Total Return	Pair Corr
0.77	GIYIX	Guggenheim Ultra Short	Pair Corr
0.72	GIYAX	Guggenheim Ultra Short	Pair Corr
0.7	GIJIX	Guggenheim Municipal	Pair Corr
0.7	GIJPX	Guggenheim Municipal	Pair Corr

Related Correlations Analysis

	SMPIX	HDCAX	FEMDX	PIEFX	FHTFX	SEKRX	SEDAX
SMPIX		0.91	0.69	0.76	0.76	0.82	0.72	SMPIX
HDCAX	0.91		0.8	0.73	0.88	0.92	0.82	HDCAX
FEMDX	0.69	0.8		0.36	0.88	0.74	0.98	FEMDX
PIEFX	0.76	0.73	0.36		0.62	0.78	0.4	PIEFX
FHTFX	0.76	0.88	0.88	0.62		0.83	0.91	FHTFX
SEKRX	0.82	0.92	0.74	0.78	0.83		0.74	SEKRX
SEDAX	0.72	0.82	0.98	0.4	0.91	0.74		SEDAX
	SMPIX	HDCAX	FEMDX	PIEFX	FHTFX	SEKRX	SEDAX

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
SMPIX	2.28	0.22	0.09	0.19	2.91	(2.38)	6.54	(5.47)	14.79
HDCAX	0.49	0.09	0.02	(5.49)	0.53	(0.53)	1.01	(1.00)	2.95
FEMDX	0.16	0.00	(0.09)	0.00	0.00	(0.21)	0.39	(0.31)	0.86
PIEFX	0.81	0.06	0.03	0.16	0.99	(0.88)	1.60	(1.61)	5.78
FHTFX	0.14	0.05	(0.11)	1.55	0.00	(0.24)	0.39	(0.25)	1.16
SEKRX	0.79	0.13	0.05	2.32	1.02	(0.79)	1.54	(1.20)	5.48
SEDAX	0.18	0.07	0.00	0.91	0.00	(0.25)	0.44	(0.33)	1.09

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