Guggenheim Styleplus Correlations

Mutual Funds . USA . 
Fund . Guggenheim Styleplus
SEUPX Fund  USD 33.57  0.00  0.00%   
The current 90-days correlation between Guggenheim Styleplus and Nasdaq 100 Fund Class is 0.58 (i.e., Very weak diversification). The correlation of Guggenheim Styleplus 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 Styleplus Correlation With Market

Good diversification

The correlation between Guggenheim Styleplus and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Styleplus 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 Styleplus . 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

  0.67TVRCX Guggenheim DirectionalPairCorr
  0.67TVRAX Guggenheim DirectionalPairCorr
  0.66TVRIX Guggenheim DirectionalPairCorr
  0.78GURAX Guggenheim Risk ManagedPairCorr
  0.78GURCX Guggenheim Risk ManagedPairCorr
  0.75GURIX Guggenheim Risk ManagedPairCorr
  0.91GURPX Guggenheim Risk ManagedPairCorr
  0.75SUFCX Guggenheim StyleplusPairCorr
  0.7SVUIX Guggenheim Mid CapPairCorr
  0.69SECEX Guggenheim StyleplusPairCorr
  0.68SECIX Guggenheim Large CapPairCorr
  0.77SECUX Guggenheim StyleplusPairCorr
  0.97SEGPX Guggenheim Large CapPairCorr
  0.66SEGIX Guggenheim Large CapPairCorr
  0.69SEQAX Guggenheim World EquityPairCorr
  0.99SEQPX Guggenheim World EquityPairCorr
  0.7SEVAX Guggenheim Mid CapPairCorr
  0.67SEWIX Guggenheim World EquityPairCorr
  0.67SEVSX Guggenheim Mid CapPairCorr
  0.98SEVPX Guggenheim Mid CapPairCorr
  0.68SFECX Guggenheim StyleplusPairCorr
  0.97SFEPX Guggenheim StyleplusPairCorr
  0.67SFGCX Guggenheim World EquityPairCorr
  0.69GIFPX Guggenheim Floating RatePairCorr
  0.69GIFSX Guggenheim Floating RatePairCorr
  0.69GIFAX Guggenheim Floating RatePairCorr
  0.7GIFCX Guggenheim Floating RatePairCorr

Moving against Guggenheim Mutual Fund

  0.69SAOSX Guggenheim Alpha OppPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Styleplus 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 Styleplus' 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.

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