Guggenheim Mid Correlations

SEVSX Fund

USD 43.69 0.05 0.11%

The current 90-days correlation between Guggenheim Mid Cap and Guggenheim Directional Allocation is -0.09 (i.e., Good diversification). The correlation of Guggenheim Mid 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 Mid Correlation With Market

Poor diversification

The correlation between Guggenheim Mid Cap and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Mid 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 Mid 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 main economic indicators.

Moving together with Guggenheim Mutual Fund

0.63	GURAX	Guggenheim Risk Managed	Pair Corr
0.64	GURCX	Guggenheim Risk Managed	Pair Corr
0.71	GURIX	Guggenheim Risk Managed	Pair Corr
0.73	SUFCX	Guggenheim Styleplus	Pair Corr
1.0	SVUIX	Guggenheim Mid Cap	Pair Corr
1.0	SEVAX	Guggenheim Mid Cap	Pair Corr

Moving against Guggenheim Mutual Fund

0.31

GIFIX

Guggenheim Floating Rate

Pair Corr

Related Correlations Analysis

	TVRCX	TVRAX	TVRIX	GUCPX	GULDX	SAOIX	SAOAX	SAOCX	GURAX	GURCX
TVRCX		1.0	0.92	0.7	0.68	0.06	0.04	-0.09	0.24	0.2	TVRCX
TVRAX	1.0		0.92	0.71	0.69	0.06	0.04	-0.1	0.23	0.2	TVRAX
TVRIX	0.92	0.92		0.76	0.71	-0.02	-0.04	0.0	0.3	0.26	TVRIX
GUCPX	0.7	0.71	0.76		0.88	0.01	-0.01	-0.05	0.28	0.23	GUCPX
GULDX	0.68	0.69	0.71	0.88		-0.15	-0.17	-0.2	0.02	-0.02	GULDX
SAOIX	0.06	0.06	-0.02	0.01	-0.15		1.0	0.65	0.34	0.34	SAOIX
SAOAX	0.04	0.04	-0.04	-0.01	-0.17	1.0		0.65	0.33	0.34	SAOAX
SAOCX	-0.09	-0.1	0.0	-0.05	-0.2	0.65	0.65		0.38	0.39	SAOCX
GURAX	0.24	0.23	0.3	0.28	0.02	0.34	0.33	0.38		1.0	GURAX
GURCX	0.2	0.2	0.26	0.23	-0.02	0.34	0.34	0.39	1.0		GURCX
	TVRCX	TVRAX	TVRIX	GUCPX	GULDX	SAOIX	SAOAX	SAOCX	GURAX	GURCX

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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

TVRAX	+ 1.0	TVRCX
SAOAX	+ 1.0	SAOIX
GURCX	+ 1.0	GURAX
TVRIX	+ 0.92	TVRCX
TVRIX	+ 0.92	TVRAX
GULDX	+ 0.88	GUCPX

High negative correlations

SAOCX	- 0.2	GULDX
SAOAX	- 0.17	GULDX
SAOIX	- 0.15	GULDX
SAOCX	- 0.1	TVRAX
SAOCX	- 0.09	TVRCX
SAOCX	- 0.05	GUCPX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Mid 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 Mid'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
TVRCX	0.45	0.08	0.01	1.06	0.58	(0.45)	0.97	(1.09)	2.66
TVRAX	0.46	0.08	0.01	1.19	0.61	(0.45)	0.91	(1.12)	2.73
TVRIX	0.45	0.03	0.01	0.12	0.59	(0.46)	0.97	(1.16)	2.70
GUCPX	0.13	0.02	(0.36)	0.58	0.00	(0.15)	0.29	(0.20)	0.84
GULDX	0.06	0.01	(0.93)	(1.37)	0.00	(0.12)	0.10	(0.05)	0.61
SAOIX	0.42	(0.01)	0.00	0.23	0.00	0.00	0.78	(0.85)	2.74
SAOAX	0.43	(0.01)	0.00	0.23	0.00	0.00	0.81	(0.84)	2.75
SAOCX	0.43	(0.06)	0.00	(0.05)	0.00	0.00	0.81	(0.89)	2.81
GURAX	0.56	0.02	(0.07)	0.20	0.69	(0.60)	1.30	(0.93)	3.78
GURCX	0.56	0.01	(0.07)	0.16	0.70	(0.58)	1.32	(0.93)	3.78

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