Guggenheim Market Correlations

Summary

GUMAXDelisted Fund

USD 22.64 0.00 0.00%

The current 90-days correlation between Guggenheim Market Neutral and Retirement Living Through is 0.11 (i.e., Average diversification). The correlation of Guggenheim Market 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 Market Correlation With Market

Modest diversification

The correlation between Guggenheim Market Neutral and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Market Neutral 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

0.61	VTSAX	Vanguard Total Stock	Pair Corr
0.61	VTSMX	Vanguard Total Stock	Pair Corr
0.64	VSMPX	Vanguard Total Stock	Pair Corr
0.64	VSTSX	Vanguard Total Stock	Pair Corr
0.64	VITSX	Vanguard Total Stock	Pair Corr
0.61	VFFSX	Vanguard 500 Index	Pair Corr

Moving against Guggenheim Mutual Fund

0.85	CBHMX	Victory Market Neutral	Pair Corr
0.84	PTFAX	Pimco Fundamental	Pair Corr
0.8	QMNRX	Aqr Equity Market	Pair Corr
0.8	HRBDX	Harbor Bond Fund	Pair Corr
0.76	USGDX	Morgan Stanley Government	Pair Corr
0.75	PFATX	Pimco Fundamental	Pair Corr
0.75	RMDUX	American Funds Multi	Pair Corr
0.6	VGTSX	Vanguard Total Inter	Pair Corr
0.6	VTIAX	Vanguard Total Inter	Pair Corr
0.59	CBHAX	Victory Cemp Market	Pair Corr
0.58	CBHCX	Victory Cemp Market	Pair Corr
0.77	EMBAX	Unconstrained Emerging	Pair Corr
0.76	VICSX	Vanguard Intermediate-ter	Pair Corr
0.73	MEERX	Massmutual Premier	Pair Corr
0.72	VSGDX	Vanguard Short Term	Pair Corr
0.7	PSDNX	Putnam Ultra Short	Pair Corr
0.7	GIOIX	Guggenheim Macro Opp	Pair Corr
0.7	GF	New Germany Closed	Pair Corr
0.7	BISMX	Brandes International	Pair Corr
0.68	DLDFX	Destinations Low Duration	Pair Corr
0.67	ABNOX	Ab Bond Inflation	Pair Corr
0.64	ARBOX	Absolute Convertible	Pair Corr
0.63	EPDPX	Europac International	Pair Corr
0.61	SAEMX	Sa Emerging Markets	Pair Corr
0.57	UTF	Cohen And Steers	Pair Corr
0.55	HTD	John Hancock Tax	Pair Corr
0.52	TIMUX	Transamerica Intermediate	Pair Corr
0.47	DBIWX	Dws Global Macro	Pair Corr

Related Correlations Analysis

	JLAEX	FLMTX	ATTIX	JTMIX	SMSDX	TBLDX
JLAEX		0.92	0.79	0.9	0.88	0.7	JLAEX
FLMTX	0.92		0.98	0.98	0.76	0.88	FLMTX
ATTIX	0.79	0.98		0.96	0.59	0.91	ATTIX
JTMIX	0.9	0.98	0.96		0.7	0.85	JTMIX
SMSDX	0.88	0.76	0.59	0.7		0.6	SMSDX
TBLDX	0.7	0.88	0.91	0.85	0.6		TBLDX
	JLAEX	FLMTX	ATTIX	JTMIX	SMSDX	TBLDX

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Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Market 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 Market'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
JLAEX	0.23	0.02	0.06	0.08	0.20	(0.28)	0.52	(0.39)	1.32
FLMTX	0.30	(0.01)	(0.01)	(0.02)	0.39	(0.31)	0.57	(0.66)	1.72
ATTIX	0.32	(0.01)	(0.02)	(0.02)	0.42	(0.31)	0.63	(0.71)	1.93
JTMIX	0.31	0.00	0.02	0.01	0.36	(0.33)	0.65	(0.56)	1.88
SMSDX	0.22	0.03	0.11	(0.64)	0.14	(0.27)	0.43	(0.42)	1.30
TBLDX	0.38	0.00	0.00	0.03	0.54	(0.36)	0.70	(0.80)	2.12

Guggenheim Market Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Guggenheim Market mutual fund to make a market-neutral strategy. Peer analysis of Guggenheim Market could also be used in its relative valuation, which is a method of valuing Guggenheim Market by comparing valuation metrics with similar companies.

Retirement Living Through Franklin Lifesmart Retirement One Choice In Multimanager Lifestyle Moderate Saat Moderate Strategy T Rowe Price American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot

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Still Interested in Guggenheim Market Neutral?

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