Guggenheim World Correlations

SEQPX Fund  USD 16.22  0.00  0.00%   
The current 90-days correlation between Guggenheim World Equity and Gmo High Yield is 0.39 (i.e., Weak diversification). The correlation of Guggenheim World 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 World Correlation With Market

Significant diversification

The correlation between Guggenheim World Equity and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim World Equity 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 World Equity. 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

  0.66TVRCX Guggenheim DirectionalPairCorr
  0.66TVRIX Guggenheim DirectionalPairCorr
  0.77GURCX Guggenheim Risk ManagedPairCorr
  0.95GURPX Guggenheim Risk ManagedPairCorr
  0.77SUFCX Guggenheim StyleplusPairCorr
  0.69SVUIX Guggenheim Mid CapPairCorr
  0.69SECEX Guggenheim StyleplusPairCorr
  0.67SECIX Guggenheim Large CapPairCorr
  0.77SECUX Guggenheim StyleplusPairCorr
  0.96SEGPX Guggenheim Large CapPairCorr
  0.68SEGIX Guggenheim Large CapPairCorr
  0.69SEQAX Guggenheim World EquityPairCorr
  0.99SEUPX Guggenheim StyleplusPairCorr
  0.69SEVAX Guggenheim Mid CapPairCorr
  0.69SEWIX Guggenheim World EquityPairCorr
  0.69SEVSX Guggenheim Mid CapPairCorr
  0.99SEVPX Guggenheim Mid CapPairCorr
  0.69SFECX Guggenheim StyleplusPairCorr
  0.97SFEPX Guggenheim StyleplusPairCorr
  0.69SFGCX Guggenheim World EquityPairCorr
  0.69GIFPX Guggenheim Floating RatePairCorr
  0.69GIFSX Guggenheim Floating RatePairCorr
  0.69GIFAX Guggenheim Floating RatePairCorr
  0.7GIFCX Guggenheim Floating RatePairCorr
  0.69GIFIX Guggenheim Floating RatePairCorr

Moving against Guggenheim Mutual Fund

  0.71SAOSX 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 World 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 World'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.