Gugg Actv Correlations

GUCPX Fund

20.43 0.03 0.15%

The current 90-days correlation between Gugg Actv Invmt and Vy Jpmorgan Emerging is -0.19 (i.e., Good diversification). The correlation of Gugg Actv 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.

Gugg Actv Correlation With Market

Average diversification

The correlation between Gugg Actv Invmt and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gugg Actv Invmt 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 Gugg Actv Invmt. 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 inflation.

Moving together with Gugg Mutual Fund

0.62	SDICX	Guggenheim Investment	Pair Corr
0.64	GIBCX	Guggenheim Total Return	Pair Corr
0.8	GIBIX	Guggenheim Total Return	Pair Corr
0.76	GIBLX	Guggenheim Total Return	Pair Corr
0.8	GIBRX	Guggenheim Total Return	Pair Corr
0.78	GIBAX	Guggenheim Total Return	Pair Corr

Related Correlations Analysis

	IJPTX	TEOJX	SFGIX	EMILX	RBLCX	EPASX	REMVX	IGIEX
IJPTX		0.86	0.89	0.94	0.8	0.89	0.96	0.71	IJPTX
TEOJX	0.86		0.73	0.87	0.7	0.79	0.77	0.36	TEOJX
SFGIX	0.89	0.73		0.74	0.88	0.86	0.94	0.82	SFGIX
EMILX	0.94	0.87	0.74		0.63	0.79	0.89	0.52	EMILX
RBLCX	0.8	0.7	0.88	0.63		0.8	0.84	0.64	RBLCX
EPASX	0.89	0.79	0.86	0.79	0.8		0.85	0.7	EPASX
REMVX	0.96	0.77	0.94	0.89	0.84	0.85		0.78	REMVX
IGIEX	0.71	0.36	0.82	0.52	0.64	0.7	0.78		IGIEX
	IJPTX	TEOJX	SFGIX	EMILX	RBLCX	EPASX	REMVX	IGIEX

Risk-Adjusted Indicators

There is a big difference between Gugg Mutual Fund performing well and Gugg Actv 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 Gugg Actv'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
IJPTX	0.84	0.06	0.05	0.14	0.96	(1.02)	2.02	(1.46)	4.94
TEOJX	0.74	0.00	(0.02)	0.08	1.00	(0.83)	1.45	(1.50)	4.91
SFGIX	0.51	0.11	0.09	0.27	0.48	(0.57)	1.16	(1.05)	2.55
EMILX	0.80	0.02	0.01	0.11	0.92	(0.94)	1.80	(1.16)	4.98
RBLCX	0.43	0.07	0.07	0.22	0.19	(0.55)	0.70	(0.69)	5.83
EPASX	0.55	0.01	(0.04)	0.09	0.62	(0.62)	1.39	(0.79)	3.02
REMVX	0.66	0.11	0.09	0.25	0.67	(0.81)	1.47	(0.86)	4.38
IGIEX	0.18	0.03	(0.17)	0.28	0.00	(0.26)	0.45	(0.33)	1.33

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Gugg Actv Correlations

Gugg Actv Correlation With Market

Average diversification

Moving together with Gugg Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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