Guggenheim Styleplus Correlations

Mutual Funds . USA . 
Fund . Guggenheim Styleplus
SFECX Fund  USD 24.20  0.15  0.62%   
The current 90-days correlation between Guggenheim Styleplus and Guggenheim Styleplus is -0.08 (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

Almost no diversification

The correlation between Guggenheim Styleplus and DJI is 0.93 (i.e., Almost no 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

  0.98TVRCX Guggenheim DirectionalPairCorr
  0.98TVRAX Guggenheim DirectionalPairCorr
  1.0TVRIX Guggenheim DirectionalPairCorr
  0.83GUCPX Gugg Actv InvmtPairCorr
  0.94GULDX Gugg Actv InvmtPairCorr
  0.78GURAX Guggenheim Risk ManagedPairCorr
  0.77GURCX Guggenheim Risk ManagedPairCorr
  0.78GURIX Guggenheim Risk ManagedPairCorr
  0.63GURPX Guggenheim Risk ManagedPairCorr
  0.93SUFCX Guggenheim StyleplusPairCorr
  0.66SDICX Guggenheim InvestmentPairCorr
  0.97SVUIX Guggenheim Mid CapPairCorr
  0.98SECEX Guggenheim StyleplusPairCorr
  0.97SECIX Guggenheim Large CapPairCorr
  0.93SECUX Guggenheim StyleplusPairCorr
  0.62SEGPX Guggenheim Large CapPairCorr
  0.97SEGIX Guggenheim Large CapPairCorr
  0.99SEQAX Guggenheim World EquityPairCorr
  0.64SEQPX Guggenheim World EquityPairCorr
  0.61SEUPX Guggenheim StyleplusPairCorr
  0.97SEVAX Guggenheim Mid CapPairCorr
  0.99SEWIX Guggenheim World EquityPairCorr
  0.98SEVSX Guggenheim Mid CapPairCorr
  0.62SEVPX Guggenheim Mid CapPairCorr
  0.62SFEPX Guggenheim StyleplusPairCorr
  0.99SFGCX Guggenheim World EquityPairCorr
  0.73GIBCX Guggenheim Total ReturnPairCorr
  0.76GIBIX Guggenheim Total ReturnPairCorr
  0.76GIBLX Guggenheim Total ReturnPairCorr
  0.76GIBRX Guggenheim Total ReturnPairCorr
  0.76GIBAX Guggenheim Total ReturnPairCorr
  0.97GIFPX Guggenheim Floating RatePairCorr
  0.97GIFSX Guggenheim Floating RatePairCorr
  0.97GIFAX Guggenheim Floating RatePairCorr
  0.97GIFCX Guggenheim Floating RatePairCorr

Moving against Guggenheim Mutual Fund

  0.5SAOSX Guggenheim Alpha OppPairCorr

Related Correlations Analysis

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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.

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