Guggenheim Large Correlations

GILCX Fund

USD 43.24 0.38 0.89%

The current 90-days correlation between Guggenheim Large Cap and Federated Mdt Large is 0.26 (i.e., Modest diversification). The correlation of Guggenheim Large 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 Large Correlation With Market

Very weak diversification

The correlation between Guggenheim Large Cap and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guggenheim Large Cap. 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 main economic indicators.

Moving together with Guggenheim Mutual Fund

0.95	TVRCX	Guggenheim Directional	Pair Corr
0.82	TVRAX	Guggenheim Directional	Pair Corr
0.95	TVRIX	Guggenheim Directional	Pair Corr
0.77	GUMAX	Guggenheim Market Neutral	Pair Corr
0.77	GUMCX	Guggenheim Market Neutral	Pair Corr
0.77	GUMNX	Guggenheim Market Neutral	Pair Corr
0.77	GUMPX	Guggenheim Market Neutral	Pair Corr
0.85	SAOIX	Guggenheim Alpha Opp	Pair Corr
0.84	SAOSX	Guggenheim Alpha Opp	Pair Corr
0.85	SAOAX	Guggenheim Alpha Opp	Pair Corr
0.79	SAOCX	Guggenheim Alpha Opp	Pair Corr
0.76	GURAX	Guggenheim Risk Managed	Pair Corr
0.75	GURCX	Guggenheim Risk Managed	Pair Corr
0.76	GURIX	Guggenheim Risk Managed	Pair Corr
0.76	GURPX	Guggenheim Risk Managed	Pair Corr
0.87	SUFCX	Guggenheim Styleplus	Pair Corr
0.7	SDICX	Guggenheim Investment	Pair Corr
0.94	SVUIX	Guggenheim Mid Cap	Pair Corr
0.95	SECEX	Guggenheim Styleplus	Pair Corr
1.0	SECIX	Guggenheim Large Cap	Pair Corr
0.82	SECUX	Guggenheim Styleplus	Pair Corr
1.0	SEGPX	Guggenheim Large Cap	Pair Corr
1.0	SEGIX	Guggenheim Large Cap	Pair Corr
0.97	SEQAX	Guggenheim World Equity	Pair Corr
0.97	SEQPX	Guggenheim World Equity	Pair Corr
0.81	SEUPX	Guggenheim Styleplus	Pair Corr
0.86	SEVAX	Guggenheim Mid Cap	Pair Corr
0.97	SEWIX	Guggenheim World Equity	Pair Corr
0.99	SEVSX	Guggenheim Mid Cap	Pair Corr
0.86	SEVPX	Guggenheim Mid Cap	Pair Corr
0.93	SFECX	Guggenheim Styleplus	Pair Corr

Related Correlations Analysis

	FSTLX	SVUIX	GILIX	FGSKX	CSERX
FSTLX		0.73	0.68	0.38	-0.15	FSTLX
SVUIX	0.73		0.98	0.21	-0.09	SVUIX
GILIX	0.68	0.98		0.35	-0.24	GILIX
FGSKX	0.38	0.21	0.35		-0.71	FGSKX
CSERX	-0.15	-0.09	-0.24	-0.71		CSERX
	FSTLX	SVUIX	GILIX	FGSKX	CSERX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GILIX	+ 0.98	SVUIX
SVUIX	+ 0.73	FSTLX
GILIX	+ 0.68	FSTLX
FGSKX	+ 0.38	FSTLX
FGSKX	+ 0.35	GILIX
FGSKX	+ 0.21	SVUIX

High negative correlations

CSERX	- 0.71	FGSKX
CSERX	- 0.24	GILIX
CSERX	- 0.15	FSTLX
CSERX	- 0.09	SVUIX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Large 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 Large'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
FSTLX	0.75	(0.19)	0.00	(0.19)	0.00	0.00	1.23	(0.93)	14.91
SVUIX	1.62	(0.75)	0.00	(0.88)	0.00	0.00	1.37	(1.20)	49.99
GILIX	0.90	(0.26)	0.00	(0.39)	0.00	0.00	1.07	(1.35)	21.04
FGSKX	0.89	0.10	0.06	0.11	1.43	(0.88)	2.01	(1.39)	9.35
CSERX	0.53	0.08	0.14	(1.25)	0.30	(0.72)	1.20	(0.87)	3.37

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