Guggenheim Floating Correlations

Mutual Funds . USA . 
Fund . Guggenheim Floating Rate
GIFPX Fund  USD 23.92  0.03  0.13%   
The current 90-days correlation between Guggenheim Floating Rate and The Hartford International is 0.13 (i.e., Average diversification). The correlation of Guggenheim Floating 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 Floating Correlation With Market

Significant diversification

The correlation between Guggenheim Floating Rate and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Floating Rate 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 Floating Rate. 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 american community survey.

Moving together with Guggenheim Mutual Fund

  0.97TVRCX Guggenheim DirectionalPairCorr
  0.97TVRAX Guggenheim DirectionalPairCorr
  0.96TVRIX Guggenheim DirectionalPairCorr
  0.95GULDX Gugg Actv InvmtPairCorr
  0.84GURAX Guggenheim Risk ManagedPairCorr
  0.83GURCX Guggenheim Risk ManagedPairCorr
  0.84GURIX Guggenheim Risk ManagedPairCorr
  0.7GURPX Guggenheim Risk ManagedPairCorr
  0.63SDICX Guggenheim InvestmentPairCorr
  0.97SECEX Guggenheim StyleplusPairCorr
  0.95SECIX Guggenheim Large CapPairCorr
  0.95SECUX Guggenheim StyleplusPairCorr
  0.96SEQAX Guggenheim World EquityPairCorr
  0.66SEUPX Guggenheim StyleplusPairCorr
  0.96SEVAX Guggenheim Mid CapPairCorr
  0.96SEWIX Guggenheim World EquityPairCorr
  0.96SEVSX Guggenheim Mid CapPairCorr
  0.68SEVPX Guggenheim Mid CapPairCorr
  0.97SFECX Guggenheim StyleplusPairCorr
  0.64SFEPX Guggenheim StyleplusPairCorr
  0.71GIBCX Guggenheim Total ReturnPairCorr
  0.74GIBIX Guggenheim Total ReturnPairCorr
  0.71GIBLX Guggenheim Total ReturnPairCorr
  0.72GIBRX Guggenheim Total ReturnPairCorr
  0.74GIBAX Guggenheim Total ReturnPairCorr
  1.0GIFSX Guggenheim Floating RatePairCorr
  1.0GIFAX Guggenheim Floating RatePairCorr
  1.0GIFCX Guggenheim Floating RatePairCorr
  1.0GIFIX Guggenheim Floating RatePairCorr
  0.65GIJAX Guggenheim MunicipalPairCorr
  0.61GIJIX Guggenheim MunicipalPairCorr
  0.95GILCX Guggenheim Large CapPairCorr
  0.86GILDX Guggenheim LimitedPairCorr

Moving against Guggenheim Mutual Fund

  0.55SAOSX Guggenheim Alpha OppPairCorr

Related Correlations Analysis

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 Floating 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 Floating'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.

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY