Guggenheim Risk Correlations

GURIX Fund

USD 33.30 0.08 0.24%

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 0.4 (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

0.83	GURAX	Guggenheim Risk Managed	Pair Corr
0.83	GURCX	Guggenheim Risk Managed	Pair Corr
0.63	GIBCX	Guggenheim Total Return	Pair Corr
0.62	GIBIX	Guggenheim Total Return	Pair Corr
0.63	GIBLX	Guggenheim Total Return	Pair Corr
0.63	GIBRX	Guggenheim Total Return	Pair Corr
0.65	GIBAX	Guggenheim Total Return	Pair Corr
0.64	GIJCX	Guggenheim Municipal	Pair Corr
0.61	GIJIX	Guggenheim Municipal	Pair Corr
0.61	GIJPX	Guggenheim Municipal	Pair Corr

Related Correlations Analysis

	GURAX	GURPX	JERNX	JERSX	JERIX	JERCX	FIREX	TRGRX	TVRVX
GURAX		0.0	0.72	0.72	0.73	0.74	0.55	0.74	0.26	GURAX
GURPX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GURPX
JERNX	0.72	0.0		1.0	1.0	1.0	0.92	0.98	0.68	JERNX
JERSX	0.72	0.0	1.0		1.0	1.0	0.92	0.98	0.68	JERSX
JERIX	0.73	0.0	1.0	1.0		1.0	0.92	0.98	0.68	JERIX
JERCX	0.74	0.0	1.0	1.0	1.0		0.91	0.98	0.67	JERCX
FIREX	0.55	0.0	0.92	0.92	0.92	0.91		0.87	0.81	FIREX
TRGRX	0.74	0.0	0.98	0.98	0.98	0.98	0.87		0.63	TRGRX
TVRVX	0.26	0.0	0.68	0.68	0.68	0.67	0.81	0.63		TVRVX
	GURAX	GURPX	JERNX	JERSX	JERIX	JERCX	FIREX	TRGRX	TVRVX

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

JERSX	+ 1.0	JERNX
JERIX	+ 1.0	JERNX
JERCX	+ 1.0	JERNX
JERIX	+ 1.0	JERSX
JERCX	+ 1.0	JERSX
JERCX	+ 1.0	JERIX

High negative correlations

TVRVX	- 0.0	GURPX
TRGRX	- 0.0	GURPX
FIREX	- 0.0	GURPX
JERCX	- 0.0	GURPX
JERIX	- 0.0	GURPX
JERSX	- 0.0	GURPX

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	0.51	0.04	(0.03)	4.99	0.62	(0.50)	1.14	(0.94)	3.04
GURPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JERNX	0.43	0.06	0.04	0.22	0.41	(0.47)	0.99	(0.87)	2.76
JERSX	0.44	0.06	0.04	0.22	0.42	(0.49)	1.01	(0.88)	2.88
JERIX	0.42	0.04	0.01	0.18	0.48	(0.47)	0.99	(0.87)	2.93
JERCX	0.42	0.04	0.00	0.16	0.48	(0.46)	0.94	(0.93)	2.86
FIREX	0.46	0.08	0.08	0.31	0.33	(0.55)	1.12	(0.76)	2.91
TRGRX	0.42	0.04	0.01	0.17	0.46	(0.45)	1.17	(0.74)	3.29
TVRVX	0.71	0.06	0.07	0.11	0.61	(0.89)	1.42	(1.34)	8.01

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