Guggenheim Risk Correlations

GURIX Fund

USD 35.06 0.05 0.14%

The current 90-days correlation between Guggenheim Risk Managed and Third Avenue Real is 0.4 (i.e., Very weak diversification). The correlation of Guggenheim Risk 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.

Guggenheim Risk Correlation With Market

Very weak diversification

The correlation between Guggenheim Risk Managed and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Risk Managed 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 Guggenheim Risk Managed. 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 gross domestic product.

Moving together with Guggenheim Mutual Fund

0.77	GUCPX	Gugg Actv Invmt	Pair Corr
0.73	GULDX	Gugg Actv Invmt	Pair Corr
0.9	SAOIX	Guggenheim Alpha Opp	Pair Corr
0.91	SAOAX	Guggenheim Alpha Opp	Pair Corr
0.9	SAOCX	Guggenheim Alpha Opp	Pair Corr
0.97	GURAX	Guggenheim Risk Managed	Pair Corr
0.97	GURCX	Guggenheim Risk Managed	Pair Corr
0.66	SUFCX	Guggenheim Styleplus	Pair Corr
0.93	SDICX	Guggenheim Investment	Pair Corr
0.61	SVUIX	Guggenheim Mid Cap	Pair Corr
0.66	SECUX	Guggenheim Styleplus	Pair Corr
0.65	SEQAX	Guggenheim World Equity	Pair Corr
0.61	SEVAX	Guggenheim Mid Cap	Pair Corr
0.79	SEWIX	Guggenheim World Equity	Pair Corr
0.64	SFGCX	Guggenheim World Equity	Pair Corr
0.94	GIBCX	Guggenheim Total Return	Pair Corr
0.93	GIBIX	Guggenheim Total Return	Pair Corr
0.93	GIBLX	Guggenheim Total Return	Pair Corr
0.93	GIBRX	Guggenheim Total Return	Pair Corr
0.93	GIBAX	Guggenheim Total Return	Pair Corr
0.85	GIJAX	Guggenheim Municipal	Pair Corr
0.87	GIJCX	Guggenheim Municipal	Pair Corr
0.86	GIJIX	Guggenheim Municipal	Pair Corr
0.84	GIJPX	Guggenheim Municipal	Pair Corr

Moving against Guggenheim Mutual Fund

0.48	GIFCX	Guggenheim Floating Rate	Pair Corr
0.34	GIFPX	Guggenheim Floating Rate	Pair Corr

Related Correlations Analysis

	GURAX	JERNX	JERSX	JERIX	JERCX	FIREX	TRGRX	TVRVX
GURAX		0.95	0.95	0.95	0.95	0.85	0.96	0.44	GURAX
JERNX	0.95		1.0	1.0	1.0	0.95	0.99	0.61	JERNX
JERSX	0.95	1.0		1.0	1.0	0.95	0.99	0.62	JERSX
JERIX	0.95	1.0	1.0		1.0	0.95	0.99	0.62	JERIX
JERCX	0.95	1.0	1.0	1.0		0.95	1.0	0.61	JERCX
FIREX	0.85	0.95	0.95	0.95	0.95		0.93	0.75	FIREX
TRGRX	0.96	0.99	0.99	0.99	1.0	0.93		0.58	TRGRX
TVRVX	0.44	0.61	0.62	0.62	0.61	0.75	0.58		TVRVX
	GURAX	JERNX	JERSX	JERIX	JERCX	FIREX	TRGRX	TVRVX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Risk 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 Risk'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
GURAX	0.54	0.13	0.02	(0.88)	0.54	(0.56)	1.40	(1.08)	2.95
JERNX	0.45	0.15	0.11	0.58	0.30	(0.51)	1.19	(0.91)	2.76
JERSX	0.45	0.14	0.10	0.55	0.30	(0.50)	1.13	(0.99)	2.88
JERIX	0.45	0.14	0.10	0.55	0.28	(0.50)	1.18	(0.99)	2.93
JERCX	0.45	0.14	0.09	0.54	0.29	(0.51)	1.15	(1.01)	2.86
FIREX	0.45	0.17	0.15	0.79	0.00	(0.56)	1.18	(0.76)	2.91
TRGRX	0.46	0.12	0.08	0.46	0.31	(0.52)	1.29	(0.74)	3.29
TVRVX	0.74	0.02	0.02	0.12	0.60	(0.91)	1.42	(1.18)	8.01

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