Guggenheim Floating Correlations
| GIFSX Fund | USD 24.25 0.00 0.00% |
The current 90-days correlation between Guggenheim Floating Rate and Guggenheim Macro Opportunities is 0.53 (i.e., Very weak diversification). The correlation of Guggenheim Floating 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 Floating Correlation With Market
Significant diversification
The correlation between Guggenheim Floating Rate and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
Guggenheim |
Moving together with Guggenheim Mutual Fund
Moving against Guggenheim Mutual Fund
| 0.34 | GUMCX | Guggenheim Market Neutral | PairCorr |
| 0.33 | GUMNX | Guggenheim Market Neutral | PairCorr |
| 0.58 | SDICX | Guggenheim Investment | PairCorr |
| 0.57 | GIBCX | Guggenheim Total Return | PairCorr |
| 0.52 | GIBIX | Guggenheim Total Return | PairCorr |
Related Correlations Analysis
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