Guggenheim Market Correlations

GUMAX Fund

USD 22.64 0.00 0.00%

The current 90-days correlation between Guggenheim Market Neutral and Needham Aggressive Growth is -0.04 (i.e., Good diversification). The correlation of Guggenheim Market 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. 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

0.87	TVRCX	Guggenheim Directional	Pair Corr
0.89	TVRAX	Guggenheim Directional	Pair Corr
0.88	TVRIX	Guggenheim Directional	Pair Corr
0.69	GUMCX	Guggenheim Market Neutral	Pair Corr
0.7	GUMNX	Guggenheim Market Neutral	Pair Corr
0.7	GUMPX	Guggenheim Market Neutral	Pair Corr
0.74	SAOIX	Guggenheim Alpha Opp	Pair Corr
0.68	SAOSX	Guggenheim Alpha Opp	Pair Corr
0.74	SAOAX	Guggenheim Alpha Opp	Pair Corr
0.67	SAOCX	Guggenheim Alpha Opp	Pair Corr
0.81	GURAX	Guggenheim Risk Managed	Pair Corr
0.81	GURCX	Guggenheim Risk Managed	Pair Corr
0.81	GURIX	Guggenheim Risk Managed	Pair Corr
0.85	GURPX	Guggenheim Risk Managed	Pair Corr
0.63	SDICX	Guggenheim Investment	Pair Corr
0.86	SVUIX	Guggenheim Mid Cap	Pair Corr
0.87	SECEX	Guggenheim Styleplus	Pair Corr
0.87	SECIX	Guggenheim Large Cap	Pair Corr
0.87	SEGPX	Guggenheim Large Cap	Pair Corr
0.8	SEGIX	Guggenheim Large Cap	Pair Corr
0.83	SEQAX	Guggenheim World Equity	Pair Corr
0.75	SEQPX	Guggenheim World Equity	Pair Corr
0.66	SEUPX	Guggenheim Styleplus	Pair Corr
0.88	SEVAX	Guggenheim Mid Cap	Pair Corr
0.87	SEWIX	Guggenheim World Equity	Pair Corr
0.78	SEVSX	Guggenheim Mid Cap	Pair Corr
0.82	SEVPX	Guggenheim Mid Cap	Pair Corr
0.72	SFECX	Guggenheim Styleplus	Pair Corr
0.88	SFEPX	Guggenheim Styleplus	Pair Corr
0.74	SFGCX	Guggenheim World Equity	Pair Corr

Related Correlations Analysis

	NEAIX	RPNCX	TAAEX	IBSAX	MSSGX	BGGKX
NEAIX		0.88	0.59	0.31	0.8	0.76	NEAIX
RPNCX	0.88		0.45	0.33	0.87	0.85	RPNCX
TAAEX	0.59	0.45		0.23	0.55	0.52	TAAEX
IBSAX	0.31	0.33	0.23		0.0	0.22	IBSAX
MSSGX	0.8	0.87	0.55	0.0		0.92	MSSGX
BGGKX	0.76	0.85	0.52	0.22	0.92		BGGKX
	NEAIX	RPNCX	TAAEX	IBSAX	MSSGX	BGGKX

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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

BGGKX	+ 0.92	MSSGX
RPNCX	+ 0.88	NEAIX
MSSGX	+ 0.87	RPNCX
BGGKX	+ 0.85	RPNCX
MSSGX	+ 0.8	NEAIX
BGGKX	+ 0.76	NEAIX

High negative correlations

MSSGX

- 0.0

IBSAX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Market 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 Market'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
NEAIX	1.14	0.03	(0.01)	0.13	1.49	(1.19)	2.28	(2.27)	9.37
RPNCX	0.99	0.12	0.06	0.30	1.28	(0.98)	2.11	(2.04)	9.16
TAAEX	1.42	0.39	0.19	1.12	1.34	(1.68)	3.16	(1.92)	12.35
IBSAX	0.66	0.06	(0.01)	0.82	0.91	(0.68)	1.46	(1.59)	5.91
MSSGX	1.59	0.40	0.20	0.81	1.49	(2.02)	3.81	(2.32)	11.74
BGGKX	1.23	0.27	0.11	7.04	1.46	(1.31)	2.58	(2.19)	9.55

Guggenheim Market Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Guggenheim Market mutual fund to make a market-neutral strategy. Peer analysis of Guggenheim Market could also be used in its relative valuation, which is a method of valuing Guggenheim Market by comparing valuation metrics with similar companies.

Needham Aggressive Growth Riverparknext Century Growth Transamerica Capital Growth Vy Baron Growth Small Pany Growth The Equity Growth American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot

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Guggenheim Market Correlations

Moving together with Guggenheim Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

Guggenheim Market Related Equities

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