Guggenheim Mid Correlations

SVUIX Fund

USD 4.63 0.03 0.64%

The current 90-days correlation between Guggenheim Mid Cap and T Rowe Price is -0.08 (i.e., Good 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 -0.02 (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 gross domestic product.

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
0.73	SECIX	Guggenheim Large Cap	Pair Corr
0.96	SECUX	Guggenheim Styleplus	Pair Corr
0.73	SEGPX	Guggenheim Large Cap	Pair Corr
0.75	SEGIX	Guggenheim Large Cap	Pair Corr
0.96	SEUPX	Guggenheim Styleplus	Pair Corr
1.0	SEVAX	Guggenheim Mid Cap	Pair Corr
1.0	SEVSX	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

0.65	GUCPX	Gugg Actv Invmt	Pair Corr
0.59	SDICX	Guggenheim Investment	Pair Corr
0.54	GULDX	Gugg Actv Invmt	Pair Corr
0.6	GIBIX	Guggenheim Total Return	Pair Corr
0.6	GIBRX	Guggenheim Total Return	Pair Corr
0.59	GIBCX	Guggenheim Total Return	Pair Corr
0.59	GIBLX	Guggenheim Total Return	Pair Corr
0.59	GIBAX	Guggenheim Total Return	Pair Corr

Related Correlations Analysis

	PATFX	HHMYX	MSTPX	ABIMX	LTXFX	LCPMX	TWTIX
PATFX		0.98	0.99	0.98	0.95	0.97	0.99	PATFX
HHMYX	0.98		0.96	0.94	0.99	0.96	0.99	HHMYX
MSTPX	0.99	0.96		0.98	0.92	0.95	0.98	MSTPX
ABIMX	0.98	0.94	0.98		0.9	0.96	0.97	ABIMX
LTXFX	0.95	0.99	0.92	0.9		0.93	0.96	LTXFX
LCPMX	0.97	0.96	0.95	0.96	0.93		0.97	LCPMX
TWTIX	0.99	0.99	0.98	0.97	0.96	0.97		TWTIX
	PATFX	HHMYX	MSTPX	ABIMX	LTXFX	LCPMX	TWTIX

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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
PATFX	0.18	(0.01)	0.00	(0.33)	0.00	0.00	0.36	(0.45)	1.26
HHMYX	0.13	0.00	0.22	(0.17)	0.17	(0.19)	0.36	(0.36)	0.84
MSTPX	0.13	(0.01)	0.00	(0.35)	0.00	0.00	0.20	(0.30)	0.91
ABIMX	0.23	(0.01)	0.00	(0.38)	0.00	0.00	0.51	(0.51)	1.44
LTXFX	0.10	0.00	0.32	(0.10)	0.11	(0.14)	0.26	(0.20)	0.65
LCPMX	0.16	(0.01)	0.00	(1.09)	0.00	0.00	0.34	(0.45)	1.14
TWTIX	0.14	(0.01)	0.00	(0.31)	0.00	0.00	0.37	(0.37)	0.94

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