| REICX Fund | | | USD 14.59 0.11 0.75% |
The current 90-days correlation between West Loop Realty and Guggenheim Risk Managed is 0.95 (i.e., Almost no diversification). The correlation of West Loop 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.
West Loop Correlation With Market
Significant diversification
The correlation between West Loop Realty and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding West Loop Realty and DJI in the same portfolio, assuming nothing else is changed.
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Your Equity Center to better understand how to build diversified portfolios, which includes a position in West Loop Realty. 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 main economic indicators.