Guggenheim High Correlations

SHYIX Fund

USD 8.15 0.01 0.12%

The current 90-days correlation between Guggenheim High Yield and Sp Midcap Index is -0.19 (i.e., Good diversification). The correlation of Guggenheim High 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 High Correlation With Market

Good diversification

The correlation between Guggenheim High Yield and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim High Yield and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Guggenheim High Yield. 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

0.71	TVRCX	Guggenheim Directional	Pair Corr
0.71	TVRAX	Guggenheim Directional	Pair Corr
0.71	TVRIX	Guggenheim Directional	Pair Corr
0.79	TVVFX	Guggenheim Rbp Large	Pair Corr
0.79	TVVCX	Guggenheim Rbp Large	Pair Corr
0.79	TVVAX	Guggenheim Rbp Large	Pair Corr
0.79	TVVIX	Guggenheim Rbp Large	Pair Corr
0.64	SAOIX	Guggenheim Alpha Opp	Pair Corr
0.66	SAOSX	Guggenheim Alpha Opp	Pair Corr
0.66	SAOAX	Guggenheim Alpha Opp	Pair Corr
0.62	SAOCX	Guggenheim Alpha Opp	Pair Corr
0.67	SUFCX	Guggenheim Styleplus	Pair Corr
0.67	SECEX	Guggenheim Styleplus	Pair Corr
0.66	SECIX	Guggenheim Large Cap	Pair Corr
0.67	SECUX	Guggenheim Styleplus	Pair Corr
0.67	SEGPX	Guggenheim Large Cap	Pair Corr
0.67	SEGIX	Guggenheim Large Cap	Pair Corr
0.71	SEQAX	Guggenheim World Equity	Pair Corr
0.71	SEQPX	Guggenheim World Equity	Pair Corr
0.67	SEUPX	Guggenheim Styleplus	Pair Corr
0.67	SEWIX	Guggenheim World Equity	Pair Corr
0.61	SEVPX	Guggenheim Mid Cap	Pair Corr
0.67	SFECX	Guggenheim Styleplus	Pair Corr

Related Correlations Analysis

	SPMIX	QLENX	SMPIX	BOSVX	LANIX	BXDCX	VCGAX	ASTIX
SPMIX		0.82	0.78	0.93	0.97	0.52	0.98	0.92	SPMIX
QLENX	0.82		0.57	0.77	0.78	0.5	0.83	0.85	QLENX
SMPIX	0.78	0.57		0.61	0.81	0.22	0.82	0.83	SMPIX
BOSVX	0.93	0.77	0.61		0.85	0.35	0.85	0.78	BOSVX
LANIX	0.97	0.78	0.81	0.85		0.59	0.99	0.94	LANIX
BXDCX	0.52	0.5	0.22	0.35	0.59		0.57	0.61	BXDCX
VCGAX	0.98	0.83	0.82	0.85	0.99	0.57		0.96	VCGAX
ASTIX	0.92	0.85	0.83	0.78	0.94	0.61	0.96		ASTIX
	SPMIX	QLENX	SMPIX	BOSVX	LANIX	BXDCX	VCGAX	ASTIX

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Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim High 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 High'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
SPMIX	0.70	0.00	0.02	0.09	0.69	(0.73)	1.72	(1.19)	5.24
QLENX	0.32	0.09	(0.01)	(1.69)	0.20	(0.39)	0.76	(0.57)	2.17
SMPIX	2.80	0.12	0.00	(0.56)	4.08	(2.47)	5.38	(6.39)	18.07
BOSVX	0.97	(0.03)	0.02	0.07	0.87	(1.15)	2.15	(1.62)	8.98
LANIX	0.52	(0.01)	(0.04)	0.07	0.57	(0.55)	1.22	(0.87)	3.14
BXDCX	0.10	0.00	(0.54)	0.00	0.00	(0.15)	0.22	(0.11)	0.65
VCGAX	0.57	0.01	0.00	0.09	0.68	(0.61)	1.24	(1.36)	4.09
ASTIX	0.28	0.04	(0.11)	(22.80)	0.28	(0.33)	0.65	(0.64)	1.79

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Guggenheim High Correlations

Guggenheim High Correlation With Market

Good diversification

Moving together with Guggenheim Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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