Guggenheim Managed Correlations

RYMFX Fund

USD 20.04 0.26 1.28%

The current 90-days correlation between Guggenheim Managed and Hussman Strategic Growth is -0.25 (i.e., Very good diversification). The correlation of Guggenheim Managed 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 Managed Correlation With Market

Very weak diversification

The correlation between Guggenheim Managed Futures and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Managed Futures and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Guggenheim Managed Futures. 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 census.

Moving together with Guggenheim Mutual Fund

0.64	GIBCX	Guggenheim Total Return	Pair Corr
0.61	GIBIX	Guggenheim Total Return	Pair Corr
1.0	RYIFX	Guggenheim Managed	Pair Corr
1.0	RYMZX	Guggenheim Managed	Pair Corr
0.78	PQTAX	Pimco Trends Managed	Pair Corr
0.78	PQTNX	Pimco Trends Managed	Pair Corr
0.82	AMFNX	Asg Managed Futures	Pair Corr
0.87	ABYCX	Abbey Capital Futures	Pair Corr
0.86	ABYAX	Abbey Capital Futures	Pair Corr
0.85	ABYIX	Abbey Capital Futures	Pair Corr
0.83	AMFAX	Asg Managed Futures	Pair Corr
0.83	ASFYX	Asg Managed Futures	Pair Corr

Moving against Guggenheim Mutual Fund

0.85	GIFIX	Guggenheim Floating Rate	Pair Corr
0.83	GIFSX	Guggenheim Floating Rate	Pair Corr
0.67	GUMAX	Guggenheim Market Neutral	Pair Corr
0.67	GUMNX	Guggenheim Market Neutral	Pair Corr
0.67	GUMPX	Guggenheim Market Neutral	Pair Corr
0.63	GUMCX	Guggenheim Market Neutral	Pair Corr
0.63	GIOIX	Guggenheim Macro Opp	Pair Corr
0.62	SHYIX	Guggenheim High Yield	Pair Corr
0.58	SFEPX	Guggenheim Styleplus	Pair Corr
0.65	TVFDX	Guggenheim Rbp Large	Pair Corr
0.52	SIHSX	Guggenheim High Yield	Pair Corr
0.67	RIV	Rivernorth Opportunities	Pair Corr
0.63	IVHIX	Ivy High Income	Pair Corr
0.63	WMT	Walmart Aggressive Push	Pair Corr
0.62	IHIFX	Ivy High Income	Pair Corr
0.61	WHIAX	Ivy High Income	Pair Corr
0.59	VTSMX	Vanguard Total Stock	Pair Corr
0.58	WRHIX	Ivy High Income	Pair Corr
0.54	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	HSGFX	ARBFX	RYMSX	MERFX	DIAMX
HSGFX		-0.35	0.02	-0.2	-0.09	HSGFX
ARBFX	-0.35		-0.02	0.85	0.34	ARBFX
RYMSX	0.02	-0.02		0.34	0.66	RYMSX
MERFX	-0.2	0.85	0.34		0.51	MERFX
DIAMX	-0.09	0.34	0.66	0.51		DIAMX
	HSGFX	ARBFX	RYMSX	MERFX	DIAMX

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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

MERFX	+ 0.85	ARBFX
DIAMX	+ 0.66	RYMSX
DIAMX	+ 0.51	MERFX
DIAMX	+ 0.34	ARBFX
MERFX	+ 0.34	RYMSX
RYMSX	+ 0.02	HSGFX

High negative correlations

ARBFX	- 0.35	HSGFX
MERFX	- 0.2	HSGFX
DIAMX	- 0.09	HSGFX
RYMSX	- 0.02	ARBFX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Managed 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 Managed'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
HSGFX	0.50	0.04	0.00	0.06	0.00	0.00	0.89	(0.90)	5.72
ARBFX	0.15	(0.02)	(0.49)	(0.03)	0.19	(0.19)	0.31	(0.31)	1.38
RYMSX	0.25	(0.04)	0.00	(0.08)	0.00	0.00	0.57	(0.50)	2.12
MERFX	0.14	(0.02)	(0.58)	(0.07)	0.19	(0.14)	0.29	(0.29)	0.86
DIAMX	0.33	(0.08)	0.00	(0.07)	0.00	0.00	0.73	(0.74)	2.23

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