Guggenheim Floating Correlations

Mutual Funds . USA . 
Fund . Guggenheim Floating Rate
GIFCX Fund  USD 23.43  0.01  0.04%   
The current 90-days correlation between Guggenheim Floating Rate and Guggenheim Floating Rate is 0.99 (i.e., No risk reduction). The correlation of Guggenheim Floating 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 Floating Correlation With Market

Average diversification

The correlation between Guggenheim Floating Rate and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guggenheim Floating Rate. 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 services.

Moving together with Guggenheim Mutual Fund

  0.93GIFPX Guggenheim Floating RatePairCorr
  0.84GIFSX Guggenheim Floating RatePairCorr
  0.93GIFAX Guggenheim Floating RatePairCorr
  0.99GIFIX Guggenheim Floating RatePairCorr
  0.61GIKRX Guggenheim LimitedPairCorr

Moving against Guggenheim Mutual Fund

  0.35GURCX Guggenheim Risk ManagedPairCorr
  0.31GURAX Guggenheim Risk ManagedPairCorr
  0.31GURIX Guggenheim Risk ManagedPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Floating 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 Floating'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GIFIX  0.06  0.00 (0.69)(0.28) 0.00 
(0.13)
 0.04 
(0.09)
 0.77 
GIFAX  0.06 (0.01)(0.72)(0.13) 0.00 
(0.12)
 0.04 
(0.09)
 0.73 
GIFPX  0.06 (0.01)(0.70)(0.13) 0.00 
(0.12)
 0.04 
(0.09)
 0.73 
CFRIX  0.08  0.02 (0.30)(0.46) 0.00 
(0.20)
 0.11 
(0.11)
 0.99 
EIFHX  0.05 (0.01)(0.46)(0.30) 0.04 
(0.25)
 0.12 
(0.12)
 0.62 
BUFHX  0.10  0.00 (0.30)(0.11) 0.10 
(0.15)
 0.19 
(0.19)
 0.86 
MJFOX  0.94  0.05  0.00  0.34  1.33 
(0.97)
 1.86 
(2.15)
 6.79 
BICSX  0.75  0.09  0.04  0.41  0.89 
(0.82)
 1.52 
(1.61)
 4.80 
QUSIX  0.51 (0.02)(0.07) 0.02  0.62 
(0.56)
 1.07 
(0.96)
 2.86 
QUSOX  0.51 (0.02)(0.07) 0.02  0.64 
(0.53)
 1.06 
(0.96)
 2.84 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY