Gugg Actv Correlations

GULDX Fund

19.95 0.01 0.05%

The current 90-days correlation between Gugg Actv Invmt and Aqr Large Cap is 0.13 (i.e., Average 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

Very poor diversification

The correlation between Gugg Actv Invmt and DJI is 0.8 (i.e., Very 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 unemployment.

Moving together with Gugg Mutual Fund

0.67	TVRCX	Guggenheim Directional	Pair Corr
0.68	TVRAX	Guggenheim Directional	Pair Corr
0.7	TVRIX	Guggenheim Directional	Pair Corr
0.71	SUFCX	Guggenheim Styleplus	Pair Corr
0.7	SVUIX	Guggenheim Mid Cap	Pair Corr
0.67	SECEX	Guggenheim Styleplus	Pair Corr
0.69	SECUX	Guggenheim Styleplus	Pair Corr
0.68	SEGIX	Guggenheim Large Cap	Pair Corr
0.72	SEQAX	Guggenheim World Equity	Pair Corr
0.68	SEVAX	Guggenheim Mid Cap	Pair Corr
0.8	SEWIX	Guggenheim World Equity	Pair Corr
0.65	SFECX	Guggenheim Styleplus	Pair Corr
0.69	SFGCX	Guggenheim World Equity	Pair Corr
0.62	GIBRX	Guggenheim Total Return	Pair Corr
0.62	GIBAX	Guggenheim Total Return	Pair Corr
0.74	GIFPX	Guggenheim Floating Rate	Pair Corr
0.94	GIKRX	Guggenheim Limited	Pair Corr
0.81	GILCX	Guggenheim Large Cap	Pair Corr
0.84	GILDX	Guggenheim Limited	Pair Corr
0.94	GILFX	Guggenheim Limited	Pair Corr

Related Correlations Analysis

	DLCIX	LMISX	VAAGX	LAAFX	PCLVX	AMONX
DLCIX		0.81	0.9	0.8	0.86	0.84	DLCIX
LMISX	0.81		0.94	0.9	0.95	0.94	LMISX
VAAGX	0.9	0.94		0.88	0.95	0.95	VAAGX
LAAFX	0.8	0.9	0.88		0.89	0.84	LAAFX
PCLVX	0.86	0.95	0.95	0.89		0.97	PCLVX
AMONX	0.84	0.94	0.95	0.84	0.97		AMONX
	DLCIX	LMISX	VAAGX	LAAFX	PCLVX	AMONX

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
DLCIX	0.93	0.31	0.29	0.71	0.35	(1.12)	1.29	(1.24)	23.01
LMISX	0.64	0.03	0.00	0.12	0.72	(0.70)	1.57	(1.04)	4.93
VAAGX	0.83	0.23	0.19	1.58	0.55	(1.09)	1.73	(1.44)	11.75
LAAFX	0.62	0.18	0.24	0.31	0.27	(0.75)	1.25	(0.99)	7.55
PCLVX	0.73	0.30	0.40	0.66	0.00	(0.92)	1.35	(1.00)	13.58
AMONX	1.27	0.49	0.39	1.13	0.46	(1.71)	1.76	(1.85)	33.19

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Gugg Actv Correlations

Gugg Actv Correlation With Market

Very poor diversification

Moving together with Gugg Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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