Guggenheim Styleplus Correlations

GILIX Fund

USD 22.56 0.03 0.13%

The current 90-days correlation between Guggenheim Styleplus and William Blair Growth is 0.1 (i.e., Average diversification). 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

Poor diversification

The correlation between Guggenheim Styleplus and DJI is 0.74 (i.e., 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

1.0	TVRCX	Guggenheim Directional	Pair Corr
0.64	TVRAX	Guggenheim Directional	Pair Corr
0.65	TVRIX	Guggenheim Directional	Pair Corr
0.68	SUFCX	Guggenheim Styleplus	Pair Corr
1.0	SECEX	Guggenheim Styleplus	Pair Corr
0.68	SECUX	Guggenheim Styleplus	Pair Corr
1.0	SFECX	Guggenheim Styleplus	Pair Corr
0.65	GIFPX	Guggenheim Floating Rate	Pair Corr
0.66	GIFAX	Guggenheim Floating Rate	Pair Corr
0.62	GIFCX	Guggenheim Floating Rate	Pair Corr
0.65	GIFIX	Guggenheim Floating Rate	Pair Corr
0.66	GIKRX	Guggenheim Limited	Pair Corr
0.76	GILCX	Guggenheim Large Cap	Pair Corr

Related Correlations Analysis

	SECEX	CFVLX	FIMPX	NSCRX	BTEFX	HLMEX	FISPX	NSCFX	BTMFX	WBGSX
SECEX		0.57	0.76	0.6	0.8	-0.47	0.69	0.6	0.58	-0.49	SECEX
CFVLX	0.57		0.79	0.93	0.81	-0.78	0.87	0.93	0.87	-0.81	CFVLX
FIMPX	0.76	0.79		0.89	0.77	-0.84	0.92	0.89	0.88	-0.77	FIMPX
NSCRX	0.6	0.93	0.89		0.82	-0.9	0.96	1.0	0.96	-0.9	NSCRX
BTEFX	0.8	0.81	0.77	0.82		-0.58	0.77	0.82	0.74	-0.65	BTEFX
HLMEX	-0.47	-0.78	-0.84	-0.9	-0.58		-0.95	-0.9	-0.94	0.9	HLMEX
FISPX	0.69	0.87	0.92	0.96	0.77	-0.95		0.96	0.97	-0.9	FISPX
NSCFX	0.6	0.93	0.89	1.0	0.82	-0.9	0.96		0.96	-0.9	NSCFX
BTMFX	0.58	0.87	0.88	0.96	0.74	-0.94	0.97	0.96		-0.94	BTMFX
WBGSX	-0.49	-0.81	-0.77	-0.9	-0.65	0.9	-0.9	-0.9	-0.94		WBGSX
	SECEX	CFVLX	FIMPX	NSCRX	BTEFX	HLMEX	FISPX	NSCFX	BTMFX	WBGSX

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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

NSCFX	+ 1.0	NSCRX
BTMFX	+ 0.97	FISPX
FISPX	+ 0.96	NSCRX
BTMFX	+ 0.96	NSCRX
NSCFX	+ 0.96	FISPX
BTMFX	+ 0.96	NSCFX

High negative correlations

FISPX	- 0.95	HLMEX
WBGSX	- 0.94	BTMFX
BTMFX	- 0.94	HLMEX
WBGSX	- 0.9	NSCFX
WBGSX	- 0.9	FISPX
NSCFX	- 0.9	HLMEX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SECEX	0.56	(0.06)	0.00	(0.02)	0.00	0.00	0.99	(1.50)	3.69
CFVLX	0.67	0.28	0.38	0.51	0.00	(0.83)	1.14	(1.08)	11.76
FIMPX	1.04	0.01	0.01	0.07	1.16	(1.16)	2.33	(2.03)	7.33
NSCRX	1.01	0.21	0.21	0.24	0.77	(1.19)	2.66	(1.75)	10.64
BTEFX	0.47	(0.02)	(0.07)	0.02	0.55	(0.55)	0.90	(0.99)	3.32
HLMEX	1.58	(0.65)	0.00	(0.84)	0.00	0.00	1.24	(1.02)	50.40
FISPX	0.66	0.07	0.06	0.16	0.69	(0.79)	1.18	(1.56)	9.41
NSCFX	1.00	0.21	0.21	0.24	0.77	(1.19)	2.67	(1.75)	10.41
BTMFX	0.75	0.18	0.22	0.39	0.33	(1.02)	1.62	(0.96)	12.36
WBGSX	1.38	(0.66)	0.00	(0.68)	0.00	0.00	1.36	(2.31)	32.24

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