Guggenheim Risk Correlations

GURCX Fund

USD 33.51 0.40 1.21%

The current 90-days correlation between Guggenheim Risk Managed and Franklin Mutual Global is 0.48 (i.e., Very weak 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

Modest diversification

The correlation between Guggenheim Risk Managed and DJI is 0.21 (i.e., Modest 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 services.

Moving together with Guggenheim Mutual Fund

0.79	SAOCX	Guggenheim Alpha Opp	Pair Corr
0.64	GURAX	Guggenheim Risk Managed	Pair Corr
0.63	GURIX	Guggenheim Risk Managed	Pair Corr
0.67	GIBLX	Guggenheim Total Return	Pair Corr

Moving against Guggenheim Mutual Fund

0.55	GIFSX	Guggenheim Floating Rate	Pair Corr
0.32	GIFIX	Guggenheim Floating Rate	Pair Corr

Related Correlations Analysis

	SGMAX	ANAGX	CABIX	CNGLX	DBLGX	MSTGX	TEDIX
SGMAX		0.56	0.93	0.93	0.77	0.86	0.91	SGMAX
ANAGX	0.56		0.6	0.6	0.58	0.67	0.62	ANAGX
CABIX	0.93	0.6		0.96	0.81	0.88	0.96	CABIX
CNGLX	0.93	0.6	0.96		0.78	0.85	0.95	CNGLX
DBLGX	0.77	0.58	0.81	0.78		0.92	0.83	DBLGX
MSTGX	0.86	0.67	0.88	0.85	0.92		0.93	MSTGX
TEDIX	0.91	0.62	0.96	0.95	0.83	0.93		TEDIX
	SGMAX	ANAGX	CABIX	CNGLX	DBLGX	MSTGX	TEDIX

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
SGMAX	0.58	0.30	0.52	0.76	0.00	(0.76)	1.02	(0.52)	14.48
ANAGX	0.10	0.00	(0.44)	0.03	0.05	(0.17)	0.29	(0.29)	0.58
CABIX	0.45	0.12	0.04	(4.24)	0.34	(0.53)	0.88	(0.89)	5.68
CNGLX	0.60	0.12	0.02	(1.02)	0.64	(0.67)	1.15	(1.19)	5.46
DBLGX	0.19	0.03	(0.24)	0.42	0.00	(0.24)	0.45	(0.23)	1.45
MSTGX	0.26	0.09	0.08	0.40	0.00	(0.32)	0.59	(0.41)	1.41
TEDIX	0.53	0.14	0.09	1.68	0.41	(0.59)	1.20	(0.96)	3.62

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