Guggenheim Multi-hedge Correlations
| RYMSX Fund | USD 24.11 0.04 0.17% |
The current 90-days correlation between Guggenheim Multi Hedge and Guggenheim Managed Futures is 0.44 (i.e., Very weak diversification). The correlation of Guggenheim Multi-hedge 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 Multi-hedge Correlation With Market
Very weak diversification
The correlation between Guggenheim Multi Hedge Strateg and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Multi Hedge Strateg and DJI in the same portfolio, assuming nothing else is changed.
GUGGENHEIM |
Moving together with GUGGENHEIM Mutual Fund
| 0.92 | TVRCX | Guggenheim Directional | PairCorr |
| 0.91 | TVRAX | Guggenheim Directional | PairCorr |
| 0.91 | TVRIX | Guggenheim Directional | PairCorr |
| 0.94 | SUFCX | Guggenheim Styleplus | PairCorr |
| 0.91 | SVUIX | Guggenheim Mid Cap | PairCorr |
| 0.93 | SECEX | Guggenheim Styleplus | PairCorr |
| 0.94 | SECUX | Guggenheim Styleplus | PairCorr |
| 0.91 | SEUPX | Guggenheim Styleplus | PairCorr |
| 0.91 | SEVAX | Guggenheim Mid Cap | PairCorr |
| 0.87 | SEVSX | Guggenheim Mid Cap | PairCorr |
| 0.86 | SEVPX | Guggenheim Mid Cap | PairCorr |
| 0.93 | SFECX | Guggenheim Styleplus | PairCorr |
| 0.93 | SFEPX | Guggenheim Styleplus | PairCorr |
Moving against GUGGENHEIM Mutual Fund
| 0.61 | SDICX | Guggenheim Investment | PairCorr |
| 0.57 | GULDX | Gugg Actv Invmt | PairCorr |
| 0.47 | GUCPX | Gugg Actv Invmt | PairCorr |
| 0.7 | GIBIX | Guggenheim Total Return | PairCorr |
| 0.7 | GIBLX | Guggenheim Total Return | PairCorr |
| 0.7 | GIBAX | Guggenheim Total Return | PairCorr |
| 0.62 | GIBRX | Guggenheim Total Return | PairCorr |
| 0.61 | GIBCX | Guggenheim Total Return | PairCorr |
Related Correlations Analysis
| 0.0 | 0.23 | -0.79 | 0.79 | RYMFX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | RYSRX | ||
| 0.23 | 0.0 | -0.51 | 0.51 | RYMBX | ||
| -0.79 | 0.0 | -0.51 | -0.97 | RYMHX | ||
| 0.79 | 0.0 | 0.51 | -0.97 | RYWAX | ||
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between GUGGENHEIM Mutual Fund performing well and Guggenheim Multi-hedge 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 Multi-hedge'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RYMFX | 0.62 | (0.08) | 0.00 | (0.48) | 0.00 | 1.17 | 3.20 | |||
| RYSRX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RYMBX | 0.59 | 0.06 | 0.18 | 0.98 | 0.63 | 1.32 | 4.72 | |||
| RYMHX | 0.83 | 0.04 | 0.18 | (0.12) | 0.86 | 2.19 | 4.87 | |||
| RYWAX | 0.98 | (0.04) | 0.00 | (0.11) | 0.00 | 2.01 | 5.68 |