Guggenheim World Correlations

SEWIX Fund

USD 17.46 0.27 1.57%

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

Poor diversification

The correlation between Guggenheim World Equity and DJI is 0.67 (i.e., Poor 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 gross domestic product.

Moving together with Guggenheim Mutual Fund

0.98	FMDRX	Franklin Mutual Global	Pair Corr
0.97	DOXWX	Dodge Cox Global	Pair Corr
0.98	MDISX	Franklin Mutual Global	Pair Corr
0.97	BEGRX	Franklin Mutual Beacon	Pair Corr
0.93	BTMPX	Ishares Msci Eafe	Pair Corr
0.94	MDIIX	Blackrock Intern Index	Pair Corr
0.98	CSRYX	Columbia Select Large	Pair Corr
0.93	PSHAX	Short Term Fund	Pair Corr
0.96	DCEMX	Dunham Emerging Markets	Pair Corr
0.98	SPSDX	Sterling Capital Beh	Pair Corr

Moving against Guggenheim Mutual Fund

0.52	MCD	McDonalds	Pair Corr
0.43	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	MGSXX	FCSCX	GPVXX	SSAGX	JAFWX	GFAXX	GMLXX
MGSXX		0.35	0.6	0.42	0.09	0.64	0.68	MGSXX
FCSCX	0.35		0.5	0.89	0.74	0.53	0.51	FCSCX
GPVXX	0.6	0.5		0.6	0.08	0.94	0.88	GPVXX
SSAGX	0.42	0.89	0.6		0.73	0.6	0.61	SSAGX
JAFWX	0.09	0.74	0.08	0.73		0.11	0.16	JAFWX
GFAXX	0.64	0.53	0.94	0.6	0.11		0.93	GFAXX
GMLXX	0.68	0.51	0.88	0.61	0.16	0.93		GMLXX
	MGSXX	FCSCX	GPVXX	SSAGX	JAFWX	GFAXX	GMLXX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MGSXX	0.03	0.01	0.00	5.03	0.00	0.00	0.00	0.00	1.01
FCSCX	0.06	0.00	(1.43)	0.35	0.00	(0.19)	0.13	(0.13)	0.53
GPVXX	0.03	0.00	0.00	0.23	0.00	0.00	0.00	0.00	1.01
SSAGX	0.07	0.01	(1.86)	0.60	0.00	(0.17)	0.10	(0.10)	0.61
JAFWX	0.11	0.00	(1.19)	(0.08)	0.08	(0.14)	0.17	(0.26)	0.60
GFAXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
GMLXX	0.03	0.00	0.00	2.04	0.00	0.00	0.00	0.00	1.01

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