Guggenheim Directional Correlations

TVRAX Fund

USD 15.93 0.19 1.18%

The current 90-days correlation between Guggenheim Directional and Transamerica Bond Class is 0.08 (i.e., Significant diversification). The correlation of Guggenheim Directional 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 Directional Correlation With Market

Poor diversification

The correlation between Guggenheim Directional Allocat and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Directional Allocat 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 Directional Allocation. 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 nation.

Moving together with Guggenheim Mutual Fund

1.0	TVRCX	Guggenheim Directional	Pair Corr
0.82	SUFCX	Guggenheim Styleplus	Pair Corr
0.95	SVUIX	Guggenheim Mid Cap	Pair Corr
0.82	SECUX	Guggenheim Styleplus	Pair Corr
0.99	SFEPX	Guggenheim Styleplus	Pair Corr

Moving against Guggenheim Mutual Fund

0.36	GUCPX	Gugg Actv Invmt	Pair Corr
0.35	SDICX	Guggenheim Investment	Pair Corr
0.55	GIBIX	Guggenheim Total Return	Pair Corr
0.54	GIBCX	Guggenheim Total Return	Pair Corr
0.54	GIBLX	Guggenheim Total Return	Pair Corr
0.61	GILHX	Guggenheim Limited	Pair Corr
0.61	GILPX	Guggenheim Limited	Pair Corr

Related Correlations Analysis

	TAADX	FMUUX	ARTFX	GHVIX	WACIX	RULFX
TAADX		0.62	0.42	0.54	0.99	0.92	TAADX
FMUUX	0.62		0.87	0.86	0.64	0.66	FMUUX
ARTFX	0.42	0.87		0.95	0.46	0.44	ARTFX
GHVIX	0.54	0.86	0.95		0.58	0.51	GHVIX
WACIX	0.99	0.64	0.46	0.58		0.93	WACIX
RULFX	0.92	0.66	0.44	0.51	0.93		RULFX
	TAADX	FMUUX	ARTFX	GHVIX	WACIX	RULFX

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Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Directional 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 Directional'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
TAADX	0.23	0.03	0.30	0.67	0.11	(0.29)	0.50	(0.38)	1.27
FMUUX	0.03	0.00	0.00	0.73	0.00	0.00	0.10	0.00	0.40
ARTFX	0.12	0.01	0.36	0.08	0.00	(0.20)	0.44	(0.22)	0.89
GHVIX	0.16	0.02	0.32	0.09	0.10	(0.17)	0.30	(0.30)	1.01
WACIX	0.26	0.04	0.31	0.63	0.16	(0.31)	0.55	(0.33)	1.56
RULFX	0.05	0.00	0.00	0.00	0.00	0.00	0.10	(0.10)	0.60

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