Guggenheim Multi-hedge Correlations

RYIMX Fund

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The current 90-days correlation between Guggenheim Multi Hedge and Qs Growth Fund is 0.31 (i.e., Weak diversification). The correlation of Guggenheim Multi-hedge 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 Multi-hedge Correlation With Market

Modest diversification

The correlation between Guggenheim Multi Hedge Strateg and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Multi Hedge Strateg and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Guggenheim Multi Hedge Strategies. 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 population.

Moving together with Guggenheim Mutual Fund

0.89	TVRCX	Guggenheim Directional	Pair Corr
0.89	TVRAX	Guggenheim Directional	Pair Corr
0.89	TVRIX	Guggenheim Directional	Pair Corr
0.69	GUCPX	Gugg Actv Invmt	Pair Corr
0.84	GULDX	Gugg Actv Invmt	Pair Corr
0.87	GURAX	Guggenheim Risk Managed	Pair Corr
0.87	GURCX	Guggenheim Risk Managed	Pair Corr
0.88	GURIX	Guggenheim Risk Managed	Pair Corr
0.84	GURPX	Guggenheim Risk Managed	Pair Corr
0.95	SUFCX	Guggenheim Styleplus	Pair Corr
0.91	SECEX	Guggenheim Styleplus	Pair Corr
0.88	SECIX	Guggenheim Large Cap	Pair Corr
0.95	SECUX	Guggenheim Styleplus	Pair Corr
0.83	SEQPX	Guggenheim World Equity	Pair Corr
0.8	SEUPX	Guggenheim Styleplus	Pair Corr
0.92	SEVAX	Guggenheim Mid Cap	Pair Corr
0.9	SEWIX	Guggenheim World Equity	Pair Corr
0.83	SEVPX	Guggenheim Mid Cap	Pair Corr
0.91	SFECX	Guggenheim Styleplus	Pair Corr
0.76	SFEPX	Guggenheim Styleplus	Pair Corr
0.61	GIBIX	Guggenheim Total Return	Pair Corr
0.61	GIBRX	Guggenheim Total Return	Pair Corr
0.94	GIFPX	Guggenheim Floating Rate	Pair Corr
0.94	GIFAX	Guggenheim Floating Rate	Pair Corr
0.95	GIFCX	Guggenheim Floating Rate	Pair Corr
0.94	GIFIX	Guggenheim Floating Rate	Pair Corr
0.74	GIKRX	Guggenheim Limited	Pair Corr
0.66	GIJAX	Guggenheim Municipal	Pair Corr

Moving against Guggenheim Mutual Fund

0.72

SAOSX

Guggenheim Alpha Opp

Pair Corr

Related Correlations Analysis

	LLLRX	TRSAX	LGLSX	HIGCX	TFAGX
LLLRX		1.0	0.99	0.98	0.99	LLLRX
TRSAX	1.0		1.0	0.98	1.0	TRSAX
LGLSX	0.99	1.0		0.98	0.99	LGLSX
HIGCX	0.98	0.98	0.98		0.99	HIGCX
TFAGX	0.99	1.0	0.99	0.99		TFAGX
	LLLRX	TRSAX	LGLSX	HIGCX	TFAGX

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Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Multi-hedge 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 Multi-hedge'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
LLLRX	0.54	0.09	0.08	0.25	0.40	(0.65)	1.65	(1.24)	4.06
TRSAX	0.81	0.17	0.17	0.30	0.64	(0.96)	2.41	(1.33)	5.43
LGLSX	0.97	0.26	0.22	0.39	0.69	(1.11)	2.88	(1.60)	6.12
HIGCX	0.56	0.07	0.05	0.22	0.50	(0.64)	1.49	(1.13)	3.96
TFAGX	0.68	0.15	0.14	0.30	0.50	(0.78)	2.02	(1.16)	5.07

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