Guggenheim Styleplus Correlations

SEUPX Fund

USD 35.04 0.04 0.11%

The current 90-days correlation between Guggenheim Styleplus and Nasdaq 100 Fund Class is 0.85 (i.e., Very poor diversification). The correlation of Guggenheim Styleplus 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 Styleplus Correlation With Market

Poor diversification

The correlation between Guggenheim Styleplus and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Styleplus 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 Styleplus . 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

1.0	SUFCX	Guggenheim Styleplus	Pair Corr
1.0	SECUX	Guggenheim Styleplus	Pair Corr
0.63	SEVAX	Guggenheim Mid Cap	Pair Corr
0.63	SEVPX	Guggenheim Mid Cap	Pair Corr

Moving against Guggenheim Mutual Fund

0.73	GUCPX	Gugg Actv Invmt	Pair Corr
0.7	SDICX	Guggenheim Investment	Pair Corr
0.54	GULDX	Gugg Actv Invmt	Pair Corr
0.71	GIBIX	Guggenheim Total Return	Pair Corr
0.67	GIBLX	Guggenheim Total Return	Pair Corr
0.67	GIBRX	Guggenheim Total Return	Pair Corr
0.66	GIBCX	Guggenheim Total Return	Pair Corr
0.66	GIBAX	Guggenheim Total Return	Pair Corr

Related Correlations Analysis

	RYHOX	ASERX	ACSLX	RYCOX	PAULX
RYHOX		0.98	0.97	1.0	0.96	RYHOX
ASERX	0.98		1.0	0.98	0.94	ASERX
ACSLX	0.97	1.0		0.98	0.93	ACSLX
RYCOX	1.0	0.98	0.98		0.96	RYCOX
PAULX	0.96	0.94	0.93	0.96		PAULX
	RYHOX	ASERX	ACSLX	RYCOX	PAULX

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Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Styleplus 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 Styleplus' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RYHOX	1.09	(0.10)	(0.14)	1.67	(2.79)	6.12
ASERX	1.13	(0.17)	(0.17)	2.25	(2.58)	6.32
ACSLX	1.15	(0.18)	(0.18)	2.24	(2.57)	6.32
RYCOX	1.09	(0.11)	(0.14)	1.66	(2.78)	6.16
PAULX	0.77	(0.04)	(0.09)	1.36	(1.66)	3.63

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