Guggenheim Large Correlations

SECIX Fund

USD 50.27 0.36 0.72%

The correlation of Guggenheim Large 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 Large Correlation With Market

Almost no diversification

The correlation between Guggenheim Large Cap and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Large Cap 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 Large Cap. 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

0.93	TVRCX	Guggenheim Directional	Pair Corr
0.94	TVRAX	Guggenheim Directional	Pair Corr
0.94	TVRIX	Guggenheim Directional	Pair Corr
0.71	GUCPX	Gugg Actv Invmt	Pair Corr
0.72	GULDX	Gugg Actv Invmt	Pair Corr
0.68	SDICX	Guggenheim Investment	Pair Corr
0.89	SEQAX	Guggenheim World Equity	Pair Corr
0.89	SEWIX	Guggenheim World Equity	Pair Corr
0.68	GIBCX	Guggenheim Total Return	Pair Corr
0.73	GIBIX	Guggenheim Total Return	Pair Corr
0.71	GIBLX	Guggenheim Total Return	Pair Corr
0.72	GIBRX	Guggenheim Total Return	Pair Corr
0.71	GIBAX	Guggenheim Total Return	Pair Corr
0.77	GIKRX	Guggenheim Limited	Pair Corr
0.78	GIJPX	Guggenheim Municipal	Pair Corr
1.0	GILCX	Guggenheim Large Cap	Pair Corr
0.77	GILDX	Guggenheim Limited	Pair Corr
0.76	GILHX	Guggenheim Limited	Pair Corr
0.94	GILIX	Guggenheim Styleplus	Pair Corr
0.75	GILPX	Guggenheim Limited	Pair Corr
0.83	GIOAX	Guggenheim Macro Opp	Pair Corr
0.83	GIOCX	Guggenheim Macro Opp	Pair Corr
0.82	GIOIX	Guggenheim Macro Opp	Pair Corr
0.83	GIOPX	Guggenheim Macro Opp	Pair Corr
0.82	GIOSX	Guggenheim Macro Opp	Pair Corr
0.71	GIUSX	Guggenheim Investment	Pair Corr
0.79	GIYAX	Guggenheim Ultra Short	Pair Corr

Moving against Guggenheim Mutual Fund

0.39	SUFCX	Guggenheim Styleplus	Pair Corr
0.37	GIUIX	Guggenheim Styleplus	Pair Corr

Related Correlations Analysis

	AEYXX	JHMXX	SMAAX	ELMXX	STSEX	FMVUX	FMFXX	HUCXX
AEYXX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AEYXX
JHMXX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	JHMXX
SMAAX	0.0	0.0		0.0	0.47	0.06	0.0	0.0	SMAAX
ELMXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ELMXX
STSEX	0.0	0.0	0.47	0.0		0.52	0.0	0.0	STSEX
FMVUX	0.0	0.0	0.06	0.0	0.52		0.0	0.0	FMVUX
FMFXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FMFXX
HUCXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		HUCXX
	AEYXX	JHMXX	SMAAX	ELMXX	STSEX	FMVUX	FMFXX	HUCXX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FMVUX	+ 0.52	STSEX
STSEX	+ 0.47	SMAAX
FMVUX	+ 0.06	SMAAX
JHMXX	+ 0.0	AEYXX
SMAAX	+ 0.0	AEYXX
ELMXX	+ 0.0	AEYXX

High negative correlations

HUCXX	- 0.0	FMFXX
HUCXX	- 0.0	FMVUX
FMFXX	- 0.0	FMVUX
HUCXX	- 0.0	STSEX
FMFXX	- 0.0	STSEX
HUCXX	- 0.0	ELMXX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Large 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 Large'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
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.08	0.00	(0.27)	0.00	0.00	(0.15)	0.20	(0.10)	0.59
ELMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STSEX	0.48	(0.01)	(0.06)	0.04	0.54	(0.53)	0.92	(0.93)	2.62
FMVUX	0.64	(0.03)	(0.03)	0.03	0.83	(0.64)	1.52	(1.35)	4.41
FMFXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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