Guggenheim Styleplus Correlations

Mutual Funds . USA . 
Fund . Guggenheim Styleplus
GILIX Fund  USD 25.51  0.07  0.27%   
The current 90-days correlation between Guggenheim Styleplus and Wilmington Large Cap Strategy is 1.0 (i.e., No risk reduction). The correlation of Guggenheim Styleplus 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 Styleplus Correlation With Market

Very poor diversification

The correlation between Guggenheim Styleplus and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Styleplus 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 Styleplus . 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 gross domestic product.

Moving together with Guggenheim Mutual Fund

  0.99TVRCX Guggenheim DirectionalPairCorr
  0.99TVRAX Guggenheim DirectionalPairCorr
  0.99TVRIX Guggenheim DirectionalPairCorr
  0.79TVVFX Guggenheim Rbp LargePairCorr
  0.79TVVCX Guggenheim Rbp LargePairCorr
  0.79TVVAX Guggenheim Rbp LargePairCorr
  0.79TVVIX Guggenheim Rbp LargePairCorr
  0.88GUMAX Guggenheim Market NeutralPairCorr
  0.87GUMCX Guggenheim Market NeutralPairCorr
  0.89GUMNX Guggenheim Market NeutralPairCorr
  0.88GUMPX Guggenheim Market NeutralPairCorr
  0.87SAOIX Guggenheim Alpha OppPairCorr
  0.81SAOSX Guggenheim Alpha OppPairCorr
  0.81SAOAX Guggenheim Alpha OppPairCorr
  0.85SAOCX Guggenheim Alpha OppPairCorr
  0.98SUFCX Guggenheim StyleplusPairCorr
  0.95SVUIX Guggenheim Mid CapPairCorr
  0.96SECEX Guggenheim StyleplusPairCorr
  0.96SECIX Guggenheim Large CapPairCorr
  0.98SECUX Guggenheim StyleplusPairCorr
  0.92SEGPX Guggenheim Large CapPairCorr
  0.96SEGIX Guggenheim Large CapPairCorr
  0.9SEQAX Guggenheim World EquityPairCorr
  0.9SEQPX Guggenheim World EquityPairCorr
  0.98SEUPX Guggenheim StyleplusPairCorr
  0.95SEVAX Guggenheim Mid CapPairCorr
  0.91SEWIX Guggenheim World EquityPairCorr
  0.9SEVSX Guggenheim Mid CapPairCorr
  0.95SEVPX Guggenheim Mid CapPairCorr
  1.0SFECX Guggenheim StyleplusPairCorr

Moving against Guggenheim Mutual Fund

  0.73SDICX Guggenheim InvestmentPairCorr
  0.73GIBCX Guggenheim Total ReturnPairCorr
  0.7GIBIX 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 Styleplus 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 Styleplus' 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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