Guggenheim Macro Correlations

Mutual Funds USA . 
Fund . Guggenheim Macro Opportunities
The current 90-days correlation between Guggenheim Macro Opp and Guggenheim Total Return is 0.16 (i.e., Average diversification). The correlation of Guggenheim Macro 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 Macro Correlation With Market

Very good diversification

The correlation between Guggenheim Macro Opportunities and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Macro Opportunities 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. 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 nation.

Moving together with Guggenheim Mutual Fund

  0.72GUCPX Gugg Actv InvmtPairCorr
  0.63GURAX Guggenheim Risk ManagedPairCorr
  0.63GURIX Guggenheim Risk ManagedPairCorr
  0.72GURPX Guggenheim Risk ManagedPairCorr
  0.8SDICX Guggenheim InvestmentPairCorr
  0.7SEQAX Guggenheim World EquityPairCorr
  0.67SEQPX Guggenheim World EquityPairCorr
  0.7SEWIX Guggenheim World EquityPairCorr
  0.61SFGCX Guggenheim World EquityPairCorr
  0.91GIBCX Guggenheim Total ReturnPairCorr
  0.91GIBIX Guggenheim Total ReturnPairCorr
  0.91GIBLX Guggenheim Total ReturnPairCorr
  0.91GIBRX Guggenheim Total ReturnPairCorr
  0.91GIBAX Guggenheim Total ReturnPairCorr
  0.69GIKRX Guggenheim LimitedPairCorr

Moving against Guggenheim Mutual Fund

  0.56SUFCX Guggenheim StyleplusPairCorr
  0.45TVRCX Guggenheim DirectionalPairCorr
  0.44TVRAX Guggenheim DirectionalPairCorr
  0.64SEUPX Guggenheim StyleplusPairCorr
  0.56SECUX Guggenheim StyleplusPairCorr
  0.51SECEX Guggenheim StyleplusPairCorr
  0.51SFEPX Guggenheim StyleplusPairCorr
  0.47SVUIX Guggenheim Mid CapPairCorr

Related Correlations Analysis

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   
GIOIX
+ 0.96
GIBAX
JSOAX
+ 0.84
GIBAX
GIOIX
+ 0.84
JSOAX
BEXFX
+ 0.76
JSOAX
BEXFX
+ 0.71
GIBAX
BEXFX
+ 0.66
GIOIX
  
High negative correlations   
BEXFX
- 0.14
GIFAX
JSOAX
- 0.09
GIFAX

Risk-Adjusted Indicators

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

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY