Guggenheim Large Correlations

Mutual Funds . USA . 
Fund . Guggenheim Large Cap
SEGPX Fund  USD 44.51  0.05  0.11%   
The current 90-days correlation between Guggenheim Large Cap and Guggenheim Styleplus is 0.93 (i.e., Almost no 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 weak diversification

The correlation between Guggenheim Large Cap and DJI is 0.41 (i.e., Very weak 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 american community survey.

Moving together with Guggenheim Mutual Fund

  0.92TVRCX Guggenheim DirectionalPairCorr
  0.93TVRAX Guggenheim DirectionalPairCorr
  0.93TVRIX Guggenheim DirectionalPairCorr
  0.85SVUIX Guggenheim Mid CapPairCorr
  0.81SECEX Guggenheim StyleplusPairCorr
  0.88SECIX Guggenheim Large CapPairCorr
  1.0SEGIX Guggenheim Large CapPairCorr
  0.78SEQAX Guggenheim World EquityPairCorr
  0.78SEQPX Guggenheim World EquityPairCorr
  0.91SEVAX Guggenheim Mid CapPairCorr
  0.78SEWIX Guggenheim World EquityPairCorr
  0.91SEVSX Guggenheim Mid CapPairCorr
  0.91SEVPX Guggenheim Mid CapPairCorr
  0.87SFECX Guggenheim StyleplusPairCorr
  0.91SFEPX Guggenheim StyleplusPairCorr
  0.86SFGCX Guggenheim World EquityPairCorr

Moving against Guggenheim Mutual Fund

  0.32GULDX Gugg Actv InvmtPairCorr
  0.31GIKRX Guggenheim LimitedPairCorr

Related Correlations Analysis

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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   
BPAVX
+ 0.92
SLVAX
GILCX
+ 0.91
SFEPX
FACSX
+ 0.75
SLVAX
BPAVX
+ 0.63
FACSX
FACSX
+ 0.43
GILCX
FACSX
+ 0.35
SFEPX
  
High negative correlations   
BPAVX
- 0.11
SFEPX
SLVAX
- 0.04
SFEPX

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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