Guggenheim Diversified Correlations

GUDAX Fund

USD 25.43 0.00 0.00%

The correlation of Guggenheim Diversified 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guggenheim Diversified Income. 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 nation.

Moving together with Guggenheim Mutual Fund

1.0

GUDIX

Guggenheim Diversified

Pair Corr

Moving against Guggenheim Mutual Fund

1.0	GUDCX	Guggenheim Diversified	Pair Corr
1.0	GUDPX	Guggenheim Diversified	Pair Corr
1.0	SSVCX	Guggenheim Small Cap	Pair Corr

Related Correlations Analysis

	FNPIX	BTO	PFSQX	MSVIX	XFINX	RPFGX	GCFSX
FNPIX		0.95	0.95	0.67	0.61	0.99	0.91	FNPIX
BTO	0.95		0.97	0.77	0.58	0.94	0.93	BTO
PFSQX	0.95	0.97		0.81	0.66	0.95	0.98	PFSQX
MSVIX	0.67	0.77	0.81		0.49	0.73	0.86	MSVIX
XFINX	0.61	0.58	0.66	0.49		0.63	0.66	XFINX
RPFGX	0.99	0.94	0.95	0.73	0.63		0.94	RPFGX
GCFSX	0.91	0.93	0.98	0.86	0.66	0.94		GCFSX
	FNPIX	BTO	PFSQX	MSVIX	XFINX	RPFGX	GCFSX

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Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Diversified 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 Diversified'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
FNPIX	1.08	0.32	0.14	(1.49)	0.88	(1.16)	2.09	(1.83)	11.72
BTO	0.98	0.16	0.20	0.23	0.67	(1.10)	2.02	(1.32)	9.88
PFSQX	0.80	0.06	0.13	0.16	0.50	(0.99)	1.58	(1.42)	8.34
MSVIX	0.82	(0.06)	(0.02)	0.08	0.83	(0.95)	2.14	(1.41)	5.71
XFINX	0.10	0.01	(0.26)	0.84	0.15	(0.12)	0.22	(0.14)	1.07
RPFGX	0.80	0.22	0.10	(1.32)	0.52	(0.96)	1.85	(1.40)	7.59
GCFSX	0.69	0.04	0.06	0.16	0.47	(0.92)	1.52	(1.41)	4.94

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Guggenheim Diversified Correlations

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