Guggenheim Large Correlations

Mutual Funds . USA . 
Fund . Guggenheim Large Cap
SEGIX Fund  USD 38.96  0.42  1.09%   
The current 90-days correlation between Guggenheim Large Cap and Ambrus Core Bond is -0.25 (i.e., Very good 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

Good diversification

The correlation between Guggenheim Large Cap and DJI is -0.04 (i.e., Good 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

  0.75TVRCX Guggenheim DirectionalPairCorr
  0.8TVRAX Guggenheim DirectionalPairCorr
  0.81TVRIX Guggenheim DirectionalPairCorr
  0.61SAOCX Guggenheim Alpha OppPairCorr
  0.65SUFCX Guggenheim StyleplusPairCorr
  0.75SVUIX Guggenheim Mid CapPairCorr
  0.7SECEX Guggenheim StyleplusPairCorr
  0.87SECIX Guggenheim Large CapPairCorr
  0.67SECUX Guggenheim StyleplusPairCorr
  0.87SEGPX Guggenheim Large CapPairCorr
  0.71SEQAX Guggenheim World EquityPairCorr
  0.72SEQPX Guggenheim World EquityPairCorr
  0.65SEUPX Guggenheim StyleplusPairCorr
  0.75SEVAX Guggenheim Mid CapPairCorr
  0.71SEWIX Guggenheim World EquityPairCorr
  0.74SEVSX Guggenheim Mid CapPairCorr
  0.75SFECX Guggenheim StyleplusPairCorr
  0.76SFEPX Guggenheim StyleplusPairCorr
  0.73SFGCX Guggenheim World EquityPairCorr

Related Correlations Analysis

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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.

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