Guggenheim Risk Correlations

GURPX Fund

USD 34.68 0.19 0.55%

The current 90-days correlation between Guggenheim Risk Managed and Guggenheim Risk Managed is 1.0 (i.e., No risk reduction). 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

Modest diversification

The correlation between Guggenheim Risk Managed and DJI is 0.22 (i.e., Modest 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 american community survey.

Moving together with Guggenheim Mutual Fund

0.73	DX	Dynex Capital	Pair Corr
0.72	HR	Healthcare Realty Trust	Pair Corr
0.75	EPRT	Essential Properties	Pair Corr

Moving against Guggenheim Mutual Fund

0.53

Power REIT

Pair Corr

Related Correlations Analysis

	GURCX	GURIX	GURAX	GLFOX	BREFX
GURCX		1.0	1.0	0.7	0.46	GURCX
GURIX	1.0		1.0	0.67	0.51	GURIX
GURAX	1.0	1.0		0.68	0.5	GURAX
GLFOX	0.7	0.67	0.68		-0.06	GLFOX
BREFX	0.46	0.51	0.5	-0.06		BREFX
	GURCX	GURIX	GURAX	GLFOX	BREFX

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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

GURIX	+ 1.0	GURCX
GURAX	+ 1.0	GURCX
GURAX	+ 1.0	GURIX
GLFOX	+ 0.7	GURCX
GLFOX	+ 0.68	GURAX
GLFOX	+ 0.67	GURIX

High negative correlations

BREFX

- 0.06

GLFOX

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
GURCX	0.59	0.03	(0.10)	0.26	0.63	(0.69)	1.27	(1.09)	3.35
GURIX	0.59	0.03	(0.09)	0.27	0.63	(0.70)	1.30	(1.09)	3.39
GURAX	0.59	0.03	(0.09)	0.27	0.63	(0.70)	1.26	(1.11)	3.38
GLFOX	0.50	0.00	(0.14)	0.12	0.50	(0.56)	1.06	(0.91)	2.19
BREFX	0.79	0.06	0.02	0.21	0.72	(0.91)	1.65	(1.58)	4.83

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