| RYMSX Fund | | | USD 24.51 0.05 0.20% |
The current 90-days correlation between Guggenheim Multi Hedge and Commodities Strategy Fund is -0.13 (i.e., Good 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 0.21 (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.
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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 state.