Guggenheim Total Correlations

Mutual Funds . USA . 
Fund . Guggenheim Total Return
GIBLX Fund  USD 23.51  0.03  0.13%   
The current 90-days correlation between Guggenheim Total Return and Performance Trust Strategic is 0.94 (i.e., Almost no diversification). 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

Modest diversification

The correlation between Guggenheim Total Return and DJI is 0.2 (i.e., Modest 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 bureau of economic analysis.

Moving together with Guggenheim Mutual Fund

  0.66TVRCX Guggenheim DirectionalPairCorr
  0.67TVRAX Guggenheim DirectionalPairCorr
  0.67TVRIX Guggenheim DirectionalPairCorr
  0.68GURAX Guggenheim Risk ManagedPairCorr
  0.67GURCX Guggenheim Risk ManagedPairCorr
  0.68GURIX Guggenheim Risk ManagedPairCorr
  0.68GURPX Guggenheim Risk ManagedPairCorr
  0.91SDICX Guggenheim InvestmentPairCorr
  0.63SECEX Guggenheim StyleplusPairCorr
  0.69SECIX Guggenheim Large CapPairCorr
  0.61SECUX Guggenheim StyleplusPairCorr
  0.69SEGPX Guggenheim Large CapPairCorr
  0.68SEGIX Guggenheim Large CapPairCorr
  0.72SEQAX Guggenheim World EquityPairCorr
  0.72SEQPX Guggenheim World EquityPairCorr
  0.65SEUPX Guggenheim StyleplusPairCorr
  0.66SEVAX Guggenheim Mid CapPairCorr
  0.72SEWIX Guggenheim World EquityPairCorr
  0.64SEVSX Guggenheim Mid CapPairCorr
  0.61SFECX Guggenheim StyleplusPairCorr
  0.66SFEPX Guggenheim StyleplusPairCorr
  0.71SFGCX Guggenheim World EquityPairCorr
  1.0GIBCX Guggenheim Total ReturnPairCorr
  0.91GIBIX 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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