Guggenheim Total Correlations

Mutual Funds USA . 
Fund . Guggenheim Total Return
GIBCX Fund  USD 23.36  0.05  0.21%   
The current 90-days correlation between Guggenheim Total Return and Guggenheim Total Return is 0.99 (i.e., No risk reduction). The correlation of Guggenheim Total 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 Total Correlation With Market

Average diversification

The correlation between Guggenheim Total Return and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Total Return 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 Total Return. 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 main economic indicators.

Moving together with Guggenheim Mutual Fund

  0.73TVRCX Guggenheim DirectionalPairCorr
  0.73TVRAX Guggenheim DirectionalPairCorr
  0.73TVRIX Guggenheim DirectionalPairCorr
  0.68GUMAX Guggenheim Market NeutralPairCorr
  0.67GUMCX Guggenheim Market NeutralPairCorr
  0.68GUMNX Guggenheim Market NeutralPairCorr
  0.76GURAX Guggenheim Risk ManagedPairCorr
  0.76GURCX Guggenheim Risk ManagedPairCorr
  0.76GURIX Guggenheim Risk ManagedPairCorr
  0.76GURPX Guggenheim Risk ManagedPairCorr
  1.0SDICX Guggenheim InvestmentPairCorr
  0.69SVUIX Guggenheim Mid CapPairCorr
  0.73SECEX Guggenheim StyleplusPairCorr
  0.75SECIX Guggenheim Large CapPairCorr
  0.75SEGPX Guggenheim Large CapPairCorr
  0.75SEGIX Guggenheim Large CapPairCorr
  0.78SEQAX Guggenheim World EquityPairCorr
  0.78SEQPX Guggenheim World EquityPairCorr
  0.73SEVAX Guggenheim Mid CapPairCorr
  0.78SEWIX Guggenheim World EquityPairCorr
  0.72SEVSX Guggenheim Mid CapPairCorr
  0.7SFECX Guggenheim StyleplusPairCorr
  0.73SFEPX Guggenheim StyleplusPairCorr
  0.77SFGCX Guggenheim World EquityPairCorr
  0.99GIBIX Guggenheim Total ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Total 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 Total'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.

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