Guggenheim Large Correlations

GILCX Fund

USD 48.73 0.05 0.10%

The current 90-days correlation between Guggenheim Large Cap and Vanguard Value Index is -0.01 (i.e., Good 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

Significant diversification

The correlation between Guggenheim Large Cap and DJI is 0.07 (i.e., Significant 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 Risk vs Return Analysis 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 private.

Moving together with Guggenheim Mutual Fund

0.94	TVRCX	Guggenheim Directional	Pair Corr
0.87	TVRAX	Guggenheim Directional	Pair Corr
0.95	TVRIX	Guggenheim Directional	Pair Corr
0.72	GUCPX	Gugg Actv Invmt	Pair Corr
0.77	GULDX	Gugg Actv Invmt	Pair Corr
0.66	SDICX	Guggenheim Investment	Pair Corr
0.87	SECEX	Guggenheim Styleplus	Pair Corr
1.0	SECIX	Guggenheim Large Cap	Pair Corr
1.0	SEGIX	Guggenheim Large Cap	Pair Corr
0.8	SEQAX	Guggenheim World Equity	Pair Corr
0.87	SEWIX	Guggenheim World Equity	Pair Corr
0.94	SFECX	Guggenheim Styleplus	Pair Corr
0.79	SFGCX	Guggenheim World Equity	Pair Corr
0.64	GIBCX	Guggenheim Total Return	Pair Corr
0.65	GIBIX	Guggenheim Total Return	Pair Corr
0.62	GIBLX	Guggenheim Total Return	Pair Corr
0.61	GIBAX	Guggenheim Total Return	Pair Corr
0.79	GIKRX	Guggenheim Limited	Pair Corr
0.77	GIJAX	Guggenheim Municipal	Pair Corr
0.76	GIJPX	Guggenheim Municipal	Pair Corr
0.78	GILDX	Guggenheim Limited	Pair Corr
0.74	GILFX	Guggenheim Limited	Pair Corr
0.76	GILHX	Guggenheim Limited	Pair Corr
0.95	GILIX	Guggenheim Styleplus	Pair Corr

Moving against Guggenheim Mutual Fund

0.38	SECUX	Guggenheim Styleplus	Pair Corr
0.33	SUFCX	Guggenheim Styleplus	Pair Corr

Related Correlations Analysis

	VVIAX	AWSHX	WSHCX	WSHFX	FWWMX	FWMMX	DODGX	AMRMX	AMFFX	AMFCX
VVIAX		0.77	0.58	0.6	0.77	0.77	0.53	0.79	0.79	0.92	VVIAX
AWSHX	0.77		0.81	0.82	0.99	0.99	0.53	0.95	0.95	0.81	AWSHX
WSHCX	0.58	0.81		1.0	0.83	0.83	0.31	0.79	0.81	0.6	WSHCX
WSHFX	0.6	0.82	1.0		0.84	0.83	0.3	0.8	0.82	0.61	WSHFX
FWWMX	0.77	0.99	0.83	0.84		1.0	0.51	0.94	0.95	0.8	FWWMX
FWMMX	0.77	0.99	0.83	0.83	1.0		0.51	0.94	0.95	0.8	FWMMX
DODGX	0.53	0.53	0.31	0.3	0.51	0.51		0.49	0.48	0.7	DODGX
AMRMX	0.79	0.95	0.79	0.8	0.94	0.94	0.49		0.99	0.85	AMRMX
AMFFX	0.79	0.95	0.81	0.82	0.95	0.95	0.48	0.99		0.84	AMFFX
AMFCX	0.92	0.81	0.6	0.61	0.8	0.8	0.7	0.85	0.84		AMFCX
	VVIAX	AWSHX	WSHCX	WSHFX	FWWMX	FWMMX	DODGX	AMRMX	AMFFX	AMFCX

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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
VVIAX	0.47	0.01	(0.01)	0.08	0.50	(0.53)	0.91	(0.98)	2.97
AWSHX	0.49	0.04	(0.02)	0.31	0.59	(0.50)	0.98	(1.04)	2.99
WSHCX	0.48	0.05	(0.01)	18.00	0.60	(0.50)	0.98	(1.05)	2.98
WSHFX	0.48	0.05	(0.01)	26.93	0.59	(0.49)	0.97	(1.05)	2.99
FWWMX	0.49	0.04	(0.02)	0.36	0.59	(0.51)	0.98	(1.04)	3.01
FWMMX	0.49	0.04	(0.02)	0.37	0.59	(0.51)	0.98	(1.04)	3.01
DODGX	0.56	(0.06)	(0.08)	(0.01)	0.77	(0.55)	1.10	(1.09)	3.34
AMRMX	0.46	0.04	(0.02)	0.36	0.59	(0.46)	0.86	(1.02)	2.92
AMFFX	0.46	0.04	(0.02)	0.44	0.59	(0.46)	0.85	(1.03)	2.90
AMFCX	0.46	0.00	(0.03)	0.06	0.62	(0.46)	0.85	(1.03)	2.91

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