Guggenheim Mid Correlations

SEVSX Fund

USD 19.69 0.15 0.76%

The current 90-days correlation between Guggenheim Mid Cap and Davis Financial Fund is 0.01 (i.e., Significant diversification). The correlation of Guggenheim Mid 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 Mid Correlation With Market

Good diversification

The correlation between Guggenheim Mid Cap and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Mid 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 Mid 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 state.

Moving together with Guggenheim Mutual Fund

0.96	TVRCX	Guggenheim Directional	Pair Corr
0.95	TVRIX	Guggenheim Directional	Pair Corr
0.94	SUFCX	Guggenheim Styleplus	Pair Corr
1.0	SVUIX	Guggenheim Mid Cap	Pair Corr
0.72	SECIX	Guggenheim Large Cap	Pair Corr
0.96	SECUX	Guggenheim Styleplus	Pair Corr
0.72	SEGPX	Guggenheim Large Cap	Pair Corr
0.74	SEGIX	Guggenheim Large Cap	Pair Corr
0.96	SEUPX	Guggenheim Styleplus	Pair Corr
1.0	SEVAX	Guggenheim Mid Cap	Pair Corr
0.97	SEVPX	Guggenheim Mid Cap	Pair Corr
0.97	SFECX	Guggenheim Styleplus	Pair Corr

Moving against Guggenheim Mutual Fund

0.66	GUCPX	Gugg Actv Invmt	Pair Corr
0.61	SDICX	Guggenheim Investment	Pair Corr
0.55	GULDX	Gugg Actv Invmt	Pair Corr
0.61	GIBIX	Guggenheim Total Return	Pair Corr
0.61	GIBLX	Guggenheim Total Return	Pair Corr
0.61	GIBRX	Guggenheim Total Return	Pair Corr
0.61	GIBAX	Guggenheim Total Return	Pair Corr
0.6	GIBCX	Guggenheim Total Return	Pair Corr

Related Correlations Analysis

	DVFYX	FIDAX	GCFSX	MCBXX	RMBLX	FTIXX	VFAIX
DVFYX		0.56	0.86	0.0	0.59	0.0	0.94	DVFYX
FIDAX	0.56		0.25	0.0	0.9	0.0	0.71	FIDAX
GCFSX	0.86	0.25		0.0	0.23	0.0	0.67	GCFSX
MCBXX	0.0	0.0	0.0		0.0	0.0	0.0	MCBXX
RMBLX	0.59	0.9	0.23	0.0		0.0	0.78	RMBLX
FTIXX	0.0	0.0	0.0	0.0	0.0		0.0	FTIXX
VFAIX	0.94	0.71	0.67	0.0	0.78	0.0		VFAIX
	DVFYX	FIDAX	GCFSX	MCBXX	RMBLX	FTIXX	VFAIX

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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

VFAIX	+ 0.94	DVFYX
RMBLX	+ 0.9	FIDAX
GCFSX	+ 0.86	DVFYX
VFAIX	+ 0.78	RMBLX
VFAIX	+ 0.71	FIDAX
VFAIX	+ 0.67	GCFSX

High negative correlations

VFAIX	- 0.0	FTIXX
FTIXX	- 0.0	RMBLX
VFAIX	- 0.0	MCBXX
FTIXX	- 0.0	MCBXX
RMBLX	- 0.0	MCBXX
FTIXX	- 0.0	GCFSX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Mid 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 Mid'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
DVFYX	0.83	0.07	0.06	0.01	1.31	(0.78)	1.65	(2.39)	6.47
FIDAX	0.99	(0.11)	0.00	(0.18)	0.00	0.00	1.82	(3.26)	7.22
GCFSX	0.75	0.10	0.10	0.06	1.04	(0.76)	1.80	(2.41)	4.68
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RMBLX	1.12	(0.13)	0.00	(0.20)	0.00	0.00	2.20	(3.09)	6.78
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VFAIX	0.83	0.04	0.00	(0.03)	0.00	0.00	1.46	(2.51)	6.10

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