Guggenheim Investment Correlations

SDICX Fund

USD 16.14 0.08 0.49%

The current 90-days correlation between Guggenheim Investment and Guggenheim Investment Grade is 0.19 (i.e., Average diversification). The correlation of Guggenheim Investment 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 Investment Correlation With Market

Good diversification

The correlation between Guggenheim Investment Grade and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Investment Grade and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Guggenheim Investment Grade. 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

0.82	GUCPX	Gugg Actv Invmt	Pair Corr
0.96	GIBCX	Guggenheim Total Return	Pair Corr
1.0	GIBIX	Guggenheim Total Return	Pair Corr
0.8	GIBLX	Guggenheim Total Return	Pair Corr
0.99	GIBRX	Guggenheim Total Return	Pair Corr
0.8	GIBAX	Guggenheim Total Return	Pair Corr

Moving against Guggenheim Mutual Fund

0.43	SECUX	Guggenheim Styleplus	Pair Corr
0.36	TVRIX	Guggenheim Directional	Pair Corr
0.35	TVRCX	Guggenheim Directional	Pair Corr
0.35	SECEX	Guggenheim Styleplus	Pair Corr
0.45	SEUPX	Guggenheim Styleplus	Pair Corr
0.36	SFEPX	Guggenheim Styleplus	Pair Corr
0.35	GILIX	Guggenheim Styleplus	Pair Corr

Related Correlations Analysis

	SIUSX	SIUPX	GIUSX	GIBRX	GIBCX
SIUSX		0.97	1.0	0.82	0.81	SIUSX
SIUPX	0.97		0.96	0.82	0.87	SIUPX
GIUSX	1.0	0.96		0.82	0.8	GIUSX
GIBRX	0.82	0.82	0.82		0.95	GIBRX
GIBCX	0.81	0.87	0.8	0.95		GIBCX
	SIUSX	SIUPX	GIUSX	GIBRX	GIBCX

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Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Investment 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 Investment'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
SIUSX	0.30	0.01	0.31	0.13	0.36	(0.32)	0.62	(0.49)	1.95
SIUPX	0.29	0.01	0.31	0.02	0.35	(0.31)	0.55	(0.49)	1.89
GIUSX	0.30	0.01	0.30	0.15	0.35	(0.32)	0.57	(0.49)	1.95
GIBRX	0.30	0.02	0.35	(4.07)	0.34	(0.31)	0.60	(0.51)	1.98
GIBCX	0.29	0.01	0.32	(0.64)	0.35	(0.29)	0.59	(0.47)	1.92

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