Guggenheim High Correlations

SIHAX Fund

USD 9.95 0.03 0.30%

The current 90-days correlation between Guggenheim High Yield and Jp Morgan Smartretirement is 0.42 (i.e., Very weak 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

Modest diversification

The correlation between Guggenheim High Yield and DJI is 0.23 (i.e., Modest 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 nation.

Moving together with Guggenheim Mutual Fund

0.99	SHYIX	Guggenheim High Yield	Pair Corr
1.0	SIHPX	Guggenheim High Yield	Pair Corr
0.97	VWEAX	Vanguard High Yield	Pair Corr
0.97	VWEHX	Vanguard High Yield	Pair Corr
0.94	BHYCX	Blackrock Hi Yld	Pair Corr
0.95	BHYIX	Blackrock High Yield	Pair Corr
0.95	BHYSX	Blackrock Hi Yld	Pair Corr
0.95	BHYAX	Blackrock High Yield	Pair Corr
0.94	FAHHX	American Funds American	Pair Corr
0.95	FTAHX	American Funds American	Pair Corr
0.97	AHTFX	American High Income	Pair Corr
0.97	AHTCX	American High Income	Pair Corr
0.82	PFN	Pimco Income Strategy	Pair Corr
0.8	CIF	Mfs Intermediate High	Pair Corr
0.86	XPPRX	Voya Prime Rate	Pair Corr
0.87	PCF	Putnam High Income	Pair Corr
0.8	PIPNX	Pimco Income	Pair Corr
0.78	WSHNX	Short Duration Income	Pair Corr
0.91	OHSHX	Oakhurst Short Duration	Pair Corr
0.81	RTIYX	Select International	Pair Corr
0.72	MCSAX	Mfs Modity Strategy	Pair Corr
0.71	WMT	Walmart	Pair Corr
0.83	GE	GE Aerospace	Pair Corr
0.71	T	ATT Inc	Pair Corr

Moving against Guggenheim Mutual Fund

0.47

RYIFX

Guggenheim Managed

Pair Corr

Related Correlations Analysis

	JTSQX	PGFCX	QCGLRX	TCTZX	FHRVX	TDIFX	VTREX
JTSQX		0.89	0.94	0.93	0.87	0.78	0.99	JTSQX
PGFCX	0.89		0.74	0.96	0.98	0.93	0.93	PGFCX
QCGLRX	0.94	0.74		0.84	0.74	0.67	0.92	QCGLRX
TCTZX	0.93	0.96	0.84		0.98	0.94	0.97	TCTZX
FHRVX	0.87	0.98	0.74	0.98		0.97	0.92	FHRVX
TDIFX	0.78	0.93	0.67	0.94	0.97		0.84	TDIFX
VTREX	0.99	0.93	0.92	0.97	0.92	0.84		VTREX
	JTSQX	PGFCX	QCGLRX	TCTZX	FHRVX	TDIFX	VTREX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
JTSQX	0.56	0.00	0.00	(0.07)	0.00	0.00	0.93	(1.27)	3.24
PGFCX	0.28	(0.01)	0.00	(0.11)	0.00	0.00	0.67	(0.48)	1.74
QCGLRX	0.68	0.02	0.00	(0.05)	0.00	0.00	1.10	(1.54)	3.68
TCTZX	0.30	0.01	0.00	(0.05)	0.00	0.00	0.60	(0.60)	1.83
FHRVX	0.27	0.01	0.16	(0.03)	0.39	(0.26)	0.52	(0.57)	1.71
TDIFX	0.15	0.01	0.25	(0.02)	0.19	(0.19)	0.35	(0.34)	1.13
VTREX	0.40	0.00	0.00	(0.08)	0.00	0.00	0.82	(0.74)	2.52

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC