Guggenheim High Correlations

SIHSX Fund

USD 10.09 0.01 0.1%

The current 90-days correlation between Guggenheim High Yield and Guggenheim Directional Allocation is 0.24 (i.e., Modest 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

Average diversification

The correlation between Guggenheim High Yield and DJI is 0.18 (i.e., Average 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 state.

Moving together with GUGGENHEIM Mutual Fund

0.63	TVRCX	Guggenheim Directional	Pair Corr
0.64	TVRAX	Guggenheim Directional	Pair Corr
0.64	TVRIX	Guggenheim Directional	Pair Corr
0.66	TVVFX	Guggenheim Rbp Large	Pair Corr
0.65	TVVCX	Guggenheim Rbp Large	Pair Corr
0.65	TVVAX	Guggenheim Rbp Large	Pair Corr
0.66	TVVIX	Guggenheim Rbp Large	Pair Corr
0.61	SECEX	Guggenheim Styleplus	Pair Corr
0.63	SEQAX	Guggenheim World Equity	Pair Corr
0.63	SEQPX	Guggenheim World Equity	Pair Corr
0.64	SEWIX	Guggenheim World Equity	Pair Corr
0.61	SFECX	Guggenheim Styleplus	Pair Corr

Related Correlations Analysis

	TVRCX	TVRAX	TVRIX	TVVFX	TVVCX	TVVAX	TVVIX	GUDAX	GUDCX	GUDIX
TVRCX		1.0	1.0	0.84	0.84	0.84	0.85	0.0	0.0	0.0	TVRCX
TVRAX	1.0		1.0	0.84	0.84	0.85	0.85	0.0	0.0	0.0	TVRAX
TVRIX	1.0	1.0		0.84	0.84	0.84	0.85	0.0	0.0	0.0	TVRIX
TVVFX	0.84	0.84	0.84		1.0	1.0	1.0	0.0	0.0	0.0	TVVFX
TVVCX	0.84	0.84	0.84	1.0		1.0	1.0	0.0	0.0	0.0	TVVCX
TVVAX	0.84	0.85	0.84	1.0	1.0		1.0	0.0	0.0	0.0	TVVAX
TVVIX	0.85	0.85	0.85	1.0	1.0	1.0		0.0	0.0	0.0	TVVIX
GUDAX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		-1.0	1.0	GUDAX
GUDCX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.0		-1.0	GUDCX
GUDIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.0	-1.0		GUDIX
	TVRCX	TVRAX	TVRIX	TVVFX	TVVCX	TVVAX	TVVIX	GUDAX	GUDCX	GUDIX

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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

TVRAX	+ 1.0	TVRCX
TVRIX	+ 1.0	TVRCX
TVRIX	+ 1.0	TVRAX
TVVCX	+ 1.0	TVVFX
TVVAX	+ 1.0	TVVFX
TVVIX	+ 1.0	TVVFX

High negative correlations

GUDIX	- 1.0	GUDCX
GUDCX	- 1.0	GUDAX
GUDIX	- 0.0	TVVIX
GUDCX	- 0.0	TVVIX
GUDAX	- 0.0	TVVIX
GUDIX	- 0.0	TVVAX

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
TVRCX	0.52	0.02	(0.01)	0.15	0.54	(0.59)	1.14	(1.13)	3.38
TVRAX	0.53	0.03	0.00	0.15	0.57	(0.60)	1.14	(1.13)	3.31
TVRIX	0.52	0.03	0.00	0.16	0.55	(0.59)	1.14	(1.08)	3.37
TVVFX	0.35	0.02	(0.11)	0.16	0.24	(0.55)	0.85	(0.76)	2.10
TVVCX	0.34	0.01	(0.12)	0.16	0.23	(0.57)	0.94	(0.84)	2.08
TVVAX	0.35	0.02	(0.11)	0.16	0.24	(0.54)	0.92	(0.84)	2.02
TVVIX	0.34	0.02	(0.11)	0.17	0.23	(0.54)	0.86	(0.81)	2.15
GUDAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GUDCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GUDIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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