Gugg Actv Correlations

GUCPX Fund

20.55 0.03 0.15%

The current 90-days correlation between Gugg Actv Invmt and Guggenheim Risk Managed is 0.31 (i.e., Weak 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

Poor diversification

The correlation between Gugg Actv Invmt and DJI is 0.63 (i.e., Poor 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 employment.

Moving together with Gugg Mutual Fund

0.72	GULDX	Gugg Actv Invmt	Pair Corr
0.7	SAOIX	Guggenheim Alpha Opp	Pair Corr
0.7	SAOAX	Guggenheim Alpha Opp	Pair Corr
0.7	SAOCX	Guggenheim Alpha Opp	Pair Corr
0.71	GURAX	Guggenheim Risk Managed	Pair Corr
0.71	GURCX	Guggenheim Risk Managed	Pair Corr
0.72	GURIX	Guggenheim Risk Managed	Pair Corr
0.68	SUFCX	Guggenheim Styleplus	Pair Corr
0.81	SDICX	Guggenheim Investment	Pair Corr
0.63	SVUIX	Guggenheim Mid Cap	Pair Corr
0.65	SECUX	Guggenheim Styleplus	Pair Corr
0.66	SEQAX	Guggenheim World Equity	Pair Corr
0.62	SEVAX	Guggenheim Mid Cap	Pair Corr
0.73	SEWIX	Guggenheim World Equity	Pair Corr
0.63	SEVSX	Guggenheim Mid Cap	Pair Corr
0.64	SFGCX	Guggenheim World Equity	Pair Corr
0.87	GIBCX	Guggenheim Total Return	Pair Corr
0.81	GIBIX	Guggenheim Total Return	Pair Corr
0.81	GIBLX	Guggenheim Total Return	Pair Corr
0.81	GIBRX	Guggenheim Total Return	Pair Corr
0.87	GIBAX	Guggenheim Total Return	Pair Corr
0.8	GIKRX	Guggenheim Limited	Pair Corr
0.69	GIJAX	Guggenheim Municipal	Pair Corr
0.66	GIJCX	Guggenheim Municipal	Pair Corr
0.7	GIJIX	Guggenheim Municipal	Pair Corr
0.66	GIJPX	Guggenheim Municipal	Pair Corr
0.66	GILCX	Guggenheim Large Cap	Pair Corr

Moving against Gugg Mutual Fund

0.46

GIFSX

Guggenheim Floating Rate

Pair Corr

Related Correlations Analysis

	TVRCX	TVRAX	TVRIX	SAOIX	SAOAX	GURAX	GURCX	GURIX
TVRCX		0.64	0.64	0.24	0.23	0.05	0.04	0.03	TVRCX
TVRAX	0.64		0.97	0.7	0.7	0.47	0.47	0.48	TVRAX
TVRIX	0.64	0.97		0.69	0.68	0.44	0.44	0.46	TVRIX
SAOIX	0.24	0.7	0.69		0.99	0.86	0.86	0.89	SAOIX
SAOAX	0.23	0.7	0.68	0.99		0.88	0.88	0.89	SAOAX
GURAX	0.05	0.47	0.44	0.86	0.88		1.0	0.97	GURAX
GURCX	0.04	0.47	0.44	0.86	0.88	1.0		0.97	GURCX
GURIX	0.03	0.48	0.46	0.89	0.89	0.97	0.97		GURIX
	TVRCX	TVRAX	TVRIX	SAOIX	SAOAX	GURAX	GURCX	GURIX

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
TVRCX	0.45	0.01	(0.11)	0.41	0.62	(0.46)	0.83	(1.19)	2.95
TVRAX	0.61	0.17	0.11	(3.12)	0.39	(0.75)	0.95	(1.16)	11.66
TVRIX	0.59	0.18	0.09	(0.50)	0.42	(0.71)	0.95	(1.16)	11.04
SAOIX	0.36	0.15	0.12	(2.15)	0.00	(0.44)	1.00	(0.63)	2.36
SAOAX	0.37	0.14	0.09	(1.68)	0.00	(0.45)	0.99	(0.63)	2.37
GURAX	0.54	0.11	0.03	(2.21)	0.54	(0.56)	1.40	(1.08)	2.95
GURCX	0.54	0.11	0.02	(2.06)	0.55	(0.56)	1.39	(1.06)	2.97
GURIX	0.53	0.13	0.03	(0.86)	0.55	(0.56)	1.39	(1.15)	2.96

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