Guggenheim Styleplus Correlations

SFEPX Fund

USD 18.69 0.00 0.00%

The current 90-days correlation between Guggenheim Styleplus and Guggenheim Styleplus is 0.47 (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

Weak diversification

The correlation between Guggenheim Styleplus and DJI is 0.37 (i.e., Weak 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

0.63	GURAX	Guggenheim Risk Managed	Pair Corr
0.64	GURCX	Guggenheim Risk Managed	Pair Corr
0.64	GURIX	Guggenheim Risk Managed	Pair Corr
0.64	SECUX	Guggenheim Styleplus	Pair Corr
0.64	SEGPX	Guggenheim Large Cap	Pair Corr
1.0	SEQPX	Guggenheim World Equity	Pair Corr
0.99	SEUPX	Guggenheim Styleplus	Pair Corr
0.99	SEVPX	Guggenheim Mid Cap	Pair Corr

Moving against Guggenheim Mutual Fund

0.59

SAOSX

Guggenheim Alpha Opp

Pair Corr

Related Correlations Analysis

	SECEX	HILVX	GILIX	SDLAX	SFECX
SECEX		0.99	1.0	0.71	1.0	SECEX
HILVX	0.99		0.99	0.67	0.99	HILVX
GILIX	1.0	0.99		0.69	1.0	GILIX
SDLAX	0.71	0.67	0.69		0.69	SDLAX
SFECX	1.0	0.99	1.0	0.69		SFECX
	SECEX	HILVX	GILIX	SDLAX	SFECX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SECEX	0.60	0.19	0.25	0.38	0.00	(0.76)	1.70	(0.78)	4.88
HILVX	0.62	0.13	0.11	0.32	0.52	(0.76)	1.79	(1.26)	4.24
GILIX	0.59	0.21	0.26	0.44	0.00	(0.78)	1.74	(0.84)	4.93
SDLAX	0.63	0.28	0.14	(3.25)	0.54	(0.74)	1.97	(1.00)	4.48
SFECX	0.59	0.20	0.25	0.41	0.00	(0.78)	1.74	(0.79)	4.94

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