Guggenheim Risk Correlations

GURIX Fund

USD 32.44 0.12 0.37%

The current 90-days correlation between Guggenheim Risk Managed and Guggenheim Risk Managed is -0.03 (i.e., Good 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

Good diversification

The correlation between Guggenheim Risk Managed and DJI is -0.2 (i.e., Good 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 gross domestic product.

Moving together with Guggenheim Mutual Fund

0.65	FR	First Industrial Realty	Pair Corr
0.74	WY	Weyerhaeuser Earnings Call This Week	Pair Corr
0.64	ELME	Elme Communities	Pair Corr
0.66	ESBA	Empire State Realty	Pair Corr
0.66	ESRT	Empire State Realty Earnings Call This Week	Pair Corr

Moving against Guggenheim Mutual Fund

0.4	WHLR	Wheeler Real Estate	Pair Corr
0.36	ADC	Agree Realty Earnings Call Tomorrow	Pair Corr
0.35	FBRT	Franklin BSP Realty	Pair Corr
0.33	FCPT	Four Corners Property	Pair Corr

Related Correlations Analysis

	GURAX	ARYCX	CSRIX	GIBIX	RAAIX
GURAX		0.52	0.51	0.27	0.46	GURAX
ARYCX	0.52		0.89	0.3	0.67	ARYCX
CSRIX	0.51	0.89		0.62	0.81	CSRIX
GIBIX	0.27	0.3	0.62		0.51	GIBIX
RAAIX	0.46	0.67	0.81	0.51		RAAIX
	GURAX	ARYCX	CSRIX	GIBIX	RAAIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GURAX	0.59	0.00	(0.05)	0.14	0.85	(0.61)	1.36	(1.25)	4.39
ARYCX	0.57	0.10	(0.07)	(0.36)	0.72	(0.64)	1.43	(1.23)	4.50
CSRIX	0.56	0.13	(0.03)	(0.53)	0.65	(0.61)	1.40	(1.13)	4.41
GIBIX	0.24	0.00	(0.33)	0.00	0.17	(0.27)	0.52	(0.47)	1.19
RAAIX	0.87	0.27	0.08	(7.86)	1.15	(0.93)	2.41	(2.23)	7.51

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