Guggenheim Limited Correlations

GILHX Fund

USD 24.36 0.01 0.04%

The current 90-days correlation between Guggenheim Limited and Guggenheim Macro Opportunities is 0.85 (i.e., Very poor diversification). The correlation of Guggenheim Limited 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 Limited Correlation With Market

Significant diversification

The correlation between Guggenheim Limited Duration and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Limited Duration 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 Limited Duration. 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 rate.

Moving together with Guggenheim Mutual Fund

0.61

GURPX

Guggenheim Risk Managed

Pair Corr

Related Correlations Analysis

	GIOIX	GIBIX	GIFIX	LDLFX	PTIAX
GIOIX		-0.08	0.81	0.76	-0.2	GIOIX
GIBIX	-0.08		-0.61	0.45	0.96	GIBIX
GIFIX	0.81	-0.61		0.31	-0.69	GIFIX
LDLFX	0.76	0.45	0.31		0.34	LDLFX
PTIAX	-0.2	0.96	-0.69	0.34		PTIAX
	GIOIX	GIBIX	GIFIX	LDLFX	PTIAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PTIAX	+ 0.96	GIBIX
GIFIX	+ 0.81	GIOIX
LDLFX	+ 0.76	GIOIX
LDLFX	+ 0.45	GIBIX
PTIAX	+ 0.34	LDLFX
LDLFX	+ 0.31	GIFIX

High negative correlations

PTIAX	- 0.69	GIFIX
GIFIX	- 0.61	GIBIX
PTIAX	- 0.2	GIOIX
GIBIX	- 0.08	GIOIX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Limited 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 Limited'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
GIOIX	0.08	0.01	(1.04)	(1.52)	0.00	(0.12)	0.21	(0.12)	0.74
GIBIX	0.21	(0.03)	0.00	(0.73)	0.00	0.00	0.38	(0.46)	1.18
GIFIX	0.07	0.03	(1.58)	(0.73)	0.00	(0.15)	0.08	(0.08)	0.88
LDLFX	0.10	0.00	(0.38)	0.05	0.05	(0.34)	0.26	(0.26)	1.30
PTIAX	0.22	(0.02)	0.00	0.35	0.00	0.00	0.45	(0.55)	1.31

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