Guggenheim Limited Correlations

GILHX Fund  USD 24.51  0.02  0.08%   
The current 90-days correlation between Guggenheim Limited and Guggenheim Macro Opportunities is 0.9 (i.e., Almost no diversification). The correlation of Guggenheim Limited 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 Limited Correlation With Market

Good diversification

The correlation between Guggenheim Limited Duration and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Limited Duration 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 Limited Duration. 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 rate.

Moving together with Guggenheim Mutual Fund

  0.97GUCPX Gugg Actv InvmtPairCorr
  0.94GULDX Gugg Actv InvmtPairCorr
  0.95SDICX Guggenheim InvestmentPairCorr
  0.95GIBCX Guggenheim Total ReturnPairCorr
  0.96GIBIX Guggenheim Total ReturnPairCorr
  0.96GIBLX Guggenheim Total ReturnPairCorr
  0.96GIBRX Guggenheim Total ReturnPairCorr
  0.96GIBAX Guggenheim Total ReturnPairCorr

Moving against Guggenheim Mutual Fund

  0.67SUFCX Guggenheim StyleplusPairCorr
  0.57TVRAX Guggenheim DirectionalPairCorr
  0.57TVRIX Guggenheim DirectionalPairCorr
  0.56TVRCX Guggenheim DirectionalPairCorr
  0.42SVUIX Guggenheim Mid CapPairCorr
  0.66SECUX Guggenheim StyleplusPairCorr
  0.66SEUPX Guggenheim StyleplusPairCorr
  0.65SEVPX Guggenheim Mid CapPairCorr
  0.64SEVAX Guggenheim Mid CapPairCorr
  0.59SECEX Guggenheim StyleplusPairCorr
  0.59SFEPX Guggenheim StyleplusPairCorr
  0.58SEVSX Guggenheim Mid CapPairCorr
  0.47SFECX Guggenheim StyleplusPairCorr
  0.31SEGIX Guggenheim Large CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Limited 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 Limited'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.