Guggenheim Limited Correlations

GILHX Fund  USD 24.56  0.02  0.08%   
The current 90-days correlation between Guggenheim Limited and Guggenheim Macro Opportunities is 0.94 (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

Average diversification

The correlation between Guggenheim Limited Duration and DJI is 0.1 (i.e., Average 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 against Guggenheim Mutual Fund

  0.55TVRCX Guggenheim DirectionalPairCorr
  0.54TVRIX Guggenheim DirectionalPairCorr
  0.59SVUIX Guggenheim Mid CapPairCorr
  0.58SFECX Guggenheim StyleplusPairCorr
  0.56SECEX Guggenheim StyleplusPairCorr
  0.56SEVAX Guggenheim Mid CapPairCorr
  0.56SEVPX Guggenheim Mid CapPairCorr
  0.56SFEPX Guggenheim StyleplusPairCorr
  0.46SECIX Guggenheim Large CapPairCorr
  0.46SEGPX Guggenheim Large CapPairCorr
  0.33SECUX Guggenheim StyleplusPairCorr
  0.33SEUPX Guggenheim StyleplusPairCorr

Related Correlations Analysis

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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   
PTIAXGIBIX
LDLFXGIOIX
LDLFXGIFIX
GIFIXGIOIX
GIBIXGIOIX
LDLFXGIBIX
  
High negative correlations   
PTIAXGIFIX

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.