Guggenheim Diversified Correlations
| GUDAX Fund | USD 25.43 0.00 0.00% |
The correlation of Guggenheim Diversified 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 |
Moving together with Guggenheim Mutual Fund
Moving against Guggenheim Mutual Fund
| 1.0 | GUDCX | Guggenheim Diversified | PairCorr |
| 1.0 | GUDPX | Guggenheim Diversified | PairCorr |
| 1.0 | SSVCX | Guggenheim Small Cap | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Diversified 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 Diversified'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WHGIX | 0.28 | 0.01 | (0.19) | 0.13 | 0.20 | 0.66 | 1.56 | |||
| SGIIX | 0.40 | (0.05) | (0.21) | 0.01 | 0.48 | 0.86 | 2.33 | |||
| BERIX | 0.21 | 0.00 | (0.41) | 0.11 | 0.19 | 0.45 | 1.13 | |||
| FPACX | 0.40 | (0.02) | (0.12) | 0.08 | 0.49 | 0.69 | 2.32 |