Guggenheim Risk Correlations

GURAX Fund

USD 31.69 0.35 1.09%

The current 90-days correlation between Guggenheim Risk Managed and Guggenheim Risk Managed is 0.98 (i.e., Almost no diversification). The correlation of Guggenheim Risk 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 Risk Correlation With Market

Very weak diversification

The correlation between Guggenheim Risk Managed and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Risk Managed 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 Risk Managed. 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 nation.

Moving together with Guggenheim Mutual Fund

1.0	GURCX	Guggenheim Risk Managed	Pair Corr
0.99	GURIX	Guggenheim Risk Managed	Pair Corr

Moving against Guggenheim Mutual Fund

0.39	GULDX	Gugg Actv Invmt	Pair Corr
0.38	GIFIX	Guggenheim Floating Rate	Pair Corr
0.37	GIFPX	Guggenheim Floating Rate	Pair Corr
0.36	GIFSX	Guggenheim Floating Rate	Pair Corr
0.36	GIFAX	Guggenheim Floating Rate	Pair Corr
0.34	GIFCX	Guggenheim Floating Rate	Pair Corr
0.31	GIKRX	Guggenheim Limited	Pair Corr
0.31	GILDX	Guggenheim Limited	Pair Corr
0.31	GILHX	Guggenheim Limited	Pair Corr
0.31	GILPX	Guggenheim Limited	Pair Corr
0.31	GIOAX	Guggenheim Macro Opp	Pair Corr
0.31	GIOIX	Guggenheim Macro Opp	Pair Corr

Related Correlations Analysis

	GURIX	JERNX	JERSX	JERIX	JERCX	FIREX	TVRVX	TRGRX
GURIX		0.8	0.82	0.81	0.84	0.51	0.07	0.88	GURIX
JERNX	0.8		1.0	1.0	1.0	0.85	0.37	0.96	JERNX
JERSX	0.82	1.0		1.0	1.0	0.85	0.38	0.96	JERSX
JERIX	0.81	1.0	1.0		1.0	0.85	0.38	0.96	JERIX
JERCX	0.84	1.0	1.0	1.0		0.83	0.34	0.96	JERCX
FIREX	0.51	0.85	0.85	0.85	0.83		0.67	0.76	FIREX
TVRVX	0.07	0.37	0.38	0.38	0.34	0.67		0.28	TVRVX
TRGRX	0.88	0.96	0.96	0.96	0.96	0.76	0.28		TRGRX
	GURIX	JERNX	JERSX	JERIX	JERCX	FIREX	TVRVX	TRGRX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Risk 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 Risk'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
GURIX	0.57	(0.06)	0.00	(0.08)	0.00	0.00	1.13	(1.17)	3.50
JERNX	0.47	(0.02)	(0.09)	0.04	0.62	(0.46)	0.92	(1.00)	2.89
JERSX	0.47	(0.02)	(0.08)	0.03	0.62	(0.49)	1.01	(0.99)	2.93
JERIX	0.48	(0.02)	(0.08)	0.03	0.64	(0.49)	1.00	(1.06)	2.98
JERCX	0.47	(0.02)	(0.09)	0.03	0.63	(0.48)	0.95	(1.02)	2.98
FIREX	0.49	(0.02)	(0.09)	0.04	0.54	(0.55)	1.05	(0.95)	3.08
TVRVX	0.70	(0.01)	(0.01)	0.07	0.77	(0.80)	1.37	(1.34)	6.74
TRGRX	0.50	(0.03)	(0.09)	0.01	0.71	(0.48)	1.04	(1.21)	3.09

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