Guggenheim Risk Correlations

Mutual Funds . USA . 
Fund . Guggenheim Risk Managed
GURCX Fund  USD 31.67  0.11  0.35%   
The current 90-days correlation between Guggenheim Risk Managed and Global Real Estate is 0.94 (i.e., Almost no diversification). The correlation of Guggenheim Risk 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 Risk Correlation With Market

Poor diversification

The correlation between Guggenheim Risk Managed and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Risk Managed 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 Risk Managed. 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 main economic indicators.

Moving together with Guggenheim Mutual Fund

  0.68DX Dynex Capital Earnings Call TodayPairCorr
  0.85FR First Industrial RealtyPairCorr
  0.75OZ Belpointe PREP LLCPairCorr
  0.65UE Urban Edge PropertiesPairCorr
  0.7WY Weyerhaeuser Earnings Call This WeekPairCorr
  0.65AHT-PI Ashford Hospitality TrustPairCorr
  0.72AHT-PD Ashford Hospitality TrustPairCorr
  0.69AHT-PF Ashford Hospitality TrustPairCorr
  0.7AHT-PG Ashford Hospitality TrustPairCorr
  0.73DOUG Douglas EllimanPairCorr
  0.81VNO-PL Vornado Realty TrustPairCorr
  0.77VNO-PM Vornado Realty TrustPairCorr
  0.71VNO-PN Vornado Realty TrustPairCorr
  0.67MITT-PA AG Mortgage InvestmentPairCorr
  0.79MITT-PB AG Mortgage InvestmentPairCorr
  0.82MITT-PC AG Mortgage InvestmentPairCorr
  0.86ELME Elme CommunitiesPairCorr
  0.65WELL Welltower Earnings Call This WeekPairCorr
  0.74ESBA Empire State RealtyPairCorr
  0.69CDR-PC Cedar Realty TrustPairCorr
  0.78ESRT Empire State Realty Earnings Call TomorrowPairCorr

Moving against Guggenheim Mutual Fund

  0.33UK Ucommune InternationalPairCorr
  0.64WETH Wetouch Technology CommonPairCorr
  0.68WHLR Wheeler Real EstatePairCorr
  0.53ADC Agree Realty Earnings Call TodayPairCorr
  0.39FCPT Four Corners PropertyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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