Guggenheim Large Correlations

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The current 90-days correlation between Guggenheim Large Cap and Guggenheim Styleplus is 0.65 (i.e., Poor diversification). 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

Very weak diversification

The correlation between Guggenheim Large Cap and DJI is 0.57 (i.e., Very weak 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 american community survey.

Moving together with Guggenheim Mutual Fund

0.62	TVRAX	Guggenheim Directional	Pair Corr
0.62	TVRIX	Guggenheim Directional	Pair Corr
0.7	GURAX	Guggenheim Risk Managed	Pair Corr
0.71	GURIX	Guggenheim Risk Managed	Pair Corr
0.87	GURPX	Guggenheim Risk Managed	Pair Corr
0.72	SUFCX	Guggenheim Styleplus	Pair Corr
0.63	SVUIX	Guggenheim Mid Cap	Pair Corr
0.64	SEGIX	Guggenheim Large Cap	Pair Corr
0.64	SEQAX	Guggenheim World Equity	Pair Corr
0.77	SEQPX	Guggenheim World Equity	Pair Corr
0.75	SEUPX	Guggenheim Styleplus	Pair Corr
0.64	SEVSX	Guggenheim Mid Cap	Pair Corr
0.75	SEVPX	Guggenheim Mid Cap	Pair Corr
0.78	SFEPX	Guggenheim Styleplus	Pair Corr
0.64	SFGCX	Guggenheim World Equity	Pair Corr
0.62	GIFSX	Guggenheim Floating Rate	Pair Corr

Moving against Guggenheim Mutual Fund

0.77

SAOSX

Guggenheim Alpha Opp

Pair Corr

Related Correlations Analysis

	SFEPX	SLVAX	GILCX	FACSX	BPAVX
SFEPX		0.49	0.44	0.41	0.41	SFEPX
SLVAX	0.49		0.99	0.66	0.7	SLVAX
GILCX	0.44	0.99		0.65	0.69	GILCX
FACSX	0.41	0.66	0.65		0.99	FACSX
BPAVX	0.41	0.7	0.69	0.99		BPAVX
	SFEPX	SLVAX	GILCX	FACSX	BPAVX

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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
SFEPX	0.12	0.04	0.00	0.51	0.00	0.00	0.05	0.00	1.75
SLVAX	0.54	0.21	0.12	50.08	0.20	(0.63)	1.47	(0.79)	3.96
GILCX	0.55	0.16	0.04	(3.27)	0.40	(0.64)	1.26	(0.84)	4.26
FACSX	0.71	0.09	0.08	0.23	0.67	(0.75)	1.95	(1.27)	5.15
BPAVX	0.64	0.06	0.05	0.20	0.52	(0.74)	1.73	(1.25)	4.51

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