Guggenheim Large Correlations

SECIX Fund

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The current 90-days correlation between Guggenheim Large Cap and Oppenheimer International Diversified is 0.52 (i.e., Very weak diversification). The correlation of Guggenheim Large 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 Large Correlation With Market

Very poor diversification

The correlation between Guggenheim Large Cap and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Guggenheim Large Cap. 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

0.78	TVRCX	Guggenheim Directional	Pair Corr
0.68	TVRAX	Guggenheim Directional	Pair Corr
0.69	TVRIX	Guggenheim Directional	Pair Corr
0.63	SUFCX	Guggenheim Styleplus	Pair Corr
0.74	SECEX	Guggenheim Styleplus	Pair Corr
0.64	SECUX	Guggenheim Styleplus	Pair Corr
1.0	SEGPX	Guggenheim Large Cap	Pair Corr
0.87	SEGIX	Guggenheim Large Cap	Pair Corr
0.65	SEQAX	Guggenheim World Equity	Pair Corr
0.65	SEQPX	Guggenheim World Equity	Pair Corr
0.64	SEUPX	Guggenheim Styleplus	Pair Corr
0.65	SEWIX	Guggenheim World Equity	Pair Corr
0.62	SFECX	Guggenheim Styleplus	Pair Corr
0.63	SFEPX	Guggenheim Styleplus	Pair Corr
0.67	SFGCX	Guggenheim World Equity	Pair Corr

Related Correlations Analysis

	OIDAX	EIIMX	ACBPX	PQCNX	MNDWX	QDARX
OIDAX		0.73	0.67	0.65	0.72	0.55	OIDAX
EIIMX	0.73		0.93	0.93	0.82	0.88	EIIMX
ACBPX	0.67	0.93		1.0	0.84	0.89	ACBPX
PQCNX	0.65	0.93	1.0		0.82	0.89	PQCNX
MNDWX	0.72	0.82	0.84	0.82		0.69	MNDWX
QDARX	0.55	0.88	0.89	0.89	0.69		QDARX
	OIDAX	EIIMX	ACBPX	PQCNX	MNDWX	QDARX

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Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Large 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 Large'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
OIDAX	0.71	(0.02)	0.00	(0.09)	0.00	0.00	1.42	(1.46)	5.03
EIIMX	0.31	0.02	0.16	(0.30)	0.28	(0.39)	0.63	(0.62)	1.91
ACBPX	0.25	0.01	0.15	0.29	0.23	(0.30)	0.56	(0.44)	1.23
PQCNX	0.25	0.01	0.13	0.29	0.25	(0.30)	0.59	(0.47)	1.43
MNDWX	0.12	(0.01)	0.08	(3.64)	0.19	(0.18)	0.20	(0.38)	0.96
QDARX	0.08	0.03	0.61	1.49	0.00	(0.13)	0.25	(0.08)	0.49

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Guggenheim Large Correlations

Guggenheim Large Correlation With Market

Very poor diversification

Moving together with Guggenheim Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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