Guggenheim Managed Correlations

RYMZX Fund

USD 17.02 0.19 1.13%

The current 90-days correlation between Guggenheim Managed and Qs Large Cap is 0.02 (i.e., Significant 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

Average diversification

The correlation between Guggenheim Managed Futures and DJI is 0.14 (i.e., Average 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 nation.

Moving against Guggenheim Mutual Fund

0.84	GUMAX	Guggenheim Market Neutral	Pair Corr
0.84	GUMCX	Guggenheim Market Neutral	Pair Corr
0.84	GUMNX	Guggenheim Market Neutral	Pair Corr
0.84	GUMPX	Guggenheim Market Neutral	Pair Corr
0.83	SAOCX	Guggenheim Alpha Opp	Pair Corr
0.82	SAOIX	Guggenheim Alpha Opp	Pair Corr
0.82	SAOSX	Guggenheim Alpha Opp	Pair Corr
0.82	SAOAX	Guggenheim Alpha Opp	Pair Corr
0.8	GURAX	Guggenheim Risk Managed	Pair Corr
0.8	GURCX	Guggenheim Risk Managed	Pair Corr
0.66	TVRCX	Guggenheim Directional	Pair Corr
0.64	TVRAX	Guggenheim Directional	Pair Corr
0.64	TVRIX	Guggenheim Directional	Pair Corr
0.8	GURPX	Guggenheim Risk Managed	Pair Corr
0.79	GURIX	Guggenheim Risk Managed	Pair Corr
0.78	SEQAX	Guggenheim World Equity	Pair Corr
0.78	SEQPX	Guggenheim World Equity	Pair Corr
0.78	SEWIX	Guggenheim World Equity	Pair Corr
0.78	SFGCX	Guggenheim World Equity	Pair Corr
0.74	SVUIX	Guggenheim Mid Cap	Pair Corr
0.74	SEVSX	Guggenheim Mid Cap	Pair Corr
0.73	SECIX	Guggenheim Large Cap	Pair Corr
0.73	SEGPX	Guggenheim Large Cap	Pair Corr
0.73	SEGIX	Guggenheim Large Cap	Pair Corr
0.72	SEVAX	Guggenheim Mid Cap	Pair Corr
0.72	SEVPX	Guggenheim Mid Cap	Pair Corr
0.7	SFECX	Guggenheim Styleplus	Pair Corr
0.65	SECEX	Guggenheim Styleplus	Pair Corr
0.65	SFEPX	Guggenheim Styleplus	Pair Corr
0.42	GIBCX	Guggenheim Total Return	Pair Corr
0.41	SDICX	Guggenheim Investment	Pair Corr

Related Correlations Analysis

	LMISX	TRCPX	LGPIX	TALCX	ABPRX
LMISX		0.55	0.49	0.68	0.66	LMISX
TRCPX	0.55		-0.33	0.96	0.88	TRCPX
LGPIX	0.49	-0.33		-0.18	-0.15	LGPIX
TALCX	0.68	0.96	-0.18		0.88	TALCX
ABPRX	0.66	0.88	-0.15	0.88		ABPRX
	LMISX	TRCPX	LGPIX	TALCX	ABPRX

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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

TALCX	+ 0.96	TRCPX
ABPRX	+ 0.88	TRCPX
ABPRX	+ 0.88	TALCX
TALCX	+ 0.68	LMISX
ABPRX	+ 0.66	LMISX
TRCPX	+ 0.55	LMISX

High negative correlations

LGPIX	- 0.33	TRCPX
TALCX	- 0.18	LGPIX
ABPRX	- 0.15	LGPIX

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
LMISX	0.72	0.03	0.01	0.08	1.17	(0.68)	1.27	(1.50)	6.30
TRCPX	0.58	(0.04)	0.00	(0.07)	0.00	0.00	1.14	(0.99)	5.66
LGPIX	0.81	0.12	0.08	0.38	1.00	(0.82)	1.64	(1.86)	5.87
TALCX	0.55	(0.03)	0.00	(0.04)	0.00	0.00	1.21	(1.03)	5.31
ABPRX	0.91	(0.01)	(0.02)	0.02	1.88	(0.81)	1.58	(2.34)	9.92

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