Guggenheim Styleplus Correlations

SFECX Fund

USD 7.40 0.02 0.27%

The current 90-days correlation between Guggenheim Styleplus and Guggenheim Styleplus is -0.12 (i.e., Good 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

Significant diversification

The correlation between Guggenheim Styleplus and DJI is 0.05 (i.e., Significant 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 main economic indicators.

Moving together with Guggenheim Mutual Fund

0.97	TVRCX	Guggenheim Directional	Pair Corr
0.96	TVRAX	Guggenheim Directional	Pair Corr
0.96	TVRIX	Guggenheim Directional	Pair Corr
1.0	SVUIX	Guggenheim Mid Cap	Pair Corr
0.9	SECEX	Guggenheim Styleplus	Pair Corr
0.82	SECIX	Guggenheim Large Cap	Pair Corr
0.87	SEGPX	Guggenheim Large Cap	Pair Corr
0.9	SEGIX	Guggenheim Large Cap	Pair Corr
0.89	SEVAX	Guggenheim Mid Cap	Pair Corr
0.97	SEVSX	Guggenheim Mid Cap	Pair Corr
0.9	SEVPX	Guggenheim Mid Cap	Pair Corr
0.97	SFEPX	Guggenheim Styleplus	Pair Corr
0.62	SFGCX	Guggenheim World Equity	Pair Corr

Moving against Guggenheim Mutual Fund

0.51	GULDX	Gugg Actv Invmt	Pair Corr
0.42	GUCPX	Gugg Actv Invmt	Pair Corr

Related Correlations Analysis

	SECEX	SFEPX	GILIX	SDLAX	NMIAX
SECEX		0.92	0.92	0.62	0.47	SECEX
SFEPX	0.92		1.0	0.69	0.5	SFEPX
GILIX	0.92	1.0		0.69	0.51	GILIX
SDLAX	0.62	0.69	0.69		0.57	SDLAX
NMIAX	0.47	0.5	0.51	0.57		NMIAX
	SECEX	SFEPX	GILIX	SDLAX	NMIAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
SECEX	1.02	(0.37)	1.69	1.17	(1.83)	16.77
SFEPX	1.04	(0.33)	(0.62)	1.61	(1.84)	17.23
GILIX	1.03	(0.32)	(0.63)	1.60	(1.78)	17.10
SDLAX	1.25	(0.37)	(0.47)	1.43	(1.89)	25.51
NMIAX	0.81	(0.06)	(0.11)	1.50	(1.80)	4.49

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC