Guggenheim Total Correlations

GIBAX Fund

USD 24.28 0.02 0.08%

The current 90-days correlation between Guggenheim Total Return and Putnam Global Health is 0.25 (i.e., Modest diversification). The correlation of Guggenheim Total 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 Total Correlation With Market

Modest diversification

The correlation between Guggenheim Total Return and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Total Return and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guggenheim Total Return. 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

0.77	TVRCX	Guggenheim Directional	Pair Corr
0.78	TVRAX	Guggenheim Directional	Pair Corr
0.82	TVRIX	Guggenheim Directional	Pair Corr
0.97	GUCPX	Gugg Actv Invmt	Pair Corr
1.0	SDICX	Guggenheim Investment	Pair Corr
0.72	SECIX	Guggenheim Large Cap	Pair Corr
0.79	SEWIX	Guggenheim World Equity	Pair Corr
1.0	GIBCX	Guggenheim Total Return	Pair Corr
0.95	GIBIX	Guggenheim Total Return	Pair Corr
0.95	GIBLX	Guggenheim Total Return	Pair Corr
0.95	GIBRX	Guggenheim Total Return	Pair Corr
0.9	GIJPX	Guggenheim Municipal	Pair Corr
0.75	GILCX	Guggenheim Large Cap	Pair Corr
0.88	GILDX	Guggenheim Limited	Pair Corr
0.82	GILHX	Guggenheim Limited	Pair Corr
0.82	GILIX	Guggenheim Styleplus	Pair Corr
0.88	GILPX	Guggenheim Limited	Pair Corr
0.88	GIOAX	Guggenheim Macro Opp	Pair Corr
0.92	GIOCX	Guggenheim Macro Opp	Pair Corr
0.85	GIOIX	Guggenheim Macro Opp	Pair Corr
0.9	GIOPX	Guggenheim Macro Opp	Pair Corr
0.94	GIUSX	Guggenheim Investment	Pair Corr
0.78	GIYIX	Guggenheim Ultra Short	Pair Corr
0.94	SIUPX	Guggenheim Investment	Pair Corr
1.0	SIUSX	Guggenheim Investment	Pair Corr
0.82	RYIFX	Guggenheim Managed	Pair Corr
0.82	TVFRX	Guggenheim Directional	Pair Corr
0.98	DOXIX	Dodge Cox Income	Pair Corr
0.94	MWTNX	Metropolitan West Total	Pair Corr
0.94	MWTSX	Metropolitan West Total	Pair Corr

Moving against Guggenheim Mutual Fund

0.43

SUFCX

Guggenheim Styleplus

Pair Corr

Related Correlations Analysis

	PHSRX	HGHYX	BHSRX	BHCHX
PHSRX		0.99	0.99	0.98	PHSRX
HGHYX	0.99		1.0	0.99	HGHYX
BHSRX	0.99	1.0		0.99	BHSRX
BHCHX	0.98	0.99	0.99		BHCHX
	PHSRX	HGHYX	BHSRX	BHCHX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Total 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 Total'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
PHSRX	0.56	0.21	0.22	48.26	0.22	(0.64)	2.17	(0.87)	4.47
HGHYX	0.63	0.30	0.32	(18.04)	0.00	(0.75)	2.24	(1.11)	4.24
BHSRX	0.54	0.23	0.24	(8.37)	0.16	(0.62)	1.82	(1.10)	3.36
BHCHX	0.59	0.28	0.27	(2.46)	0.20	(0.65)	1.84	(1.07)	3.45

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