Guggenheim Styleplus Correlations

Mutual Funds . USA . 
Fund . Guggenheim Styleplus
GILIX Fund  USD 20.29  0.19  0.93%   
The current 90-days correlation between Guggenheim Styleplus and Wilmington Large Cap Strategy is -0.07 (i.e., Good diversification). The correlation of Guggenheim Styleplus 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 Styleplus Correlation With Market

Significant diversification

The correlation between Guggenheim Styleplus and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Styleplus 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 Styleplus . 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 gross domestic product.

Moving together with Guggenheim Mutual Fund

  0.93TVRCX Guggenheim DirectionalPairCorr
  0.93TVRAX Guggenheim DirectionalPairCorr
  0.93TVRIX Guggenheim DirectionalPairCorr
  0.62GUMCX Guggenheim Market NeutralPairCorr
  0.62GUMNX Guggenheim Market NeutralPairCorr
  0.62GUMPX Guggenheim Market NeutralPairCorr
  0.66SAOIX Guggenheim Alpha OppPairCorr
  0.65SAOSX Guggenheim Alpha OppPairCorr
  0.67SAOAX Guggenheim Alpha OppPairCorr
  0.75GURAX Guggenheim Risk ManagedPairCorr
  0.74GURCX Guggenheim Risk ManagedPairCorr
  0.75GURIX Guggenheim Risk ManagedPairCorr
  0.8GURPX Guggenheim Risk ManagedPairCorr
  0.81SUFCX Guggenheim StyleplusPairCorr
  0.9SVUIX Guggenheim Mid CapPairCorr
  1.0SECEX Guggenheim StyleplusPairCorr
  0.95SECIX Guggenheim Large CapPairCorr
  0.65SECUX Guggenheim StyleplusPairCorr
  0.88SEGPX Guggenheim Large CapPairCorr
  0.95SEGIX Guggenheim Large CapPairCorr
  0.92SEQAX Guggenheim World EquityPairCorr
  0.92SEQPX Guggenheim World EquityPairCorr
  0.64SEUPX Guggenheim StyleplusPairCorr
  0.88SEVAX Guggenheim Mid CapPairCorr
  0.92SEWIX Guggenheim World EquityPairCorr
  0.97SEVSX Guggenheim Mid CapPairCorr
  0.96SEVPX Guggenheim Mid CapPairCorr
  0.91SFECX 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   
PCCOX
+ 0.98
SICWX
AWEIX
+ 0.8
WMLIX
JPDEX
+ 0.64
PCCOX
SICWX
+ 0.63
AWEIX
SICWX
+ 0.55
WMLIX
JPDEX
+ 0.54
SICWX
  
High negative correlations   
JPDEX
- 0.16
WMLIX
JPDEX
- 0.15
AWEIX

Risk-Adjusted Indicators

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

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