Guggenheim World Correlations

SFGCX Fund

USD 13.81 0.04 0.29%

The current 90-days correlation between Guggenheim World Equity and Guggenheim Directional Allocation is -0.16 (i.e., Good 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

Very poor diversification

The correlation between Guggenheim World Equity and DJI is 0.89 (i.e., Very 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 main economic indicators.

Moving together with Guggenheim Mutual Fund

0.98	TVRCX	Guggenheim Directional	Pair Corr
0.98	TVRAX	Guggenheim Directional	Pair Corr
0.99	TVRIX	Guggenheim Directional	Pair Corr
0.87	GUCPX	Gugg Actv Invmt	Pair Corr
0.95	GULDX	Gugg Actv Invmt	Pair Corr
0.79	GURAX	Guggenheim Risk Managed	Pair Corr
0.78	GURCX	Guggenheim Risk Managed	Pair Corr
0.81	GURIX	Guggenheim Risk Managed	Pair Corr
0.94	SUFCX	Guggenheim Styleplus	Pair Corr
0.72	SDICX	Guggenheim Investment	Pair Corr
0.97	SVUIX	Guggenheim Mid Cap	Pair Corr
0.97	SECEX	Guggenheim Styleplus	Pair Corr
0.97	SECIX	Guggenheim Large Cap	Pair Corr
0.92	SECUX	Guggenheim Styleplus	Pair Corr
0.64	SEGPX	Guggenheim Large Cap	Pair Corr
0.99	SEGIX	Guggenheim Large Cap	Pair Corr
0.98	SEQAX	Guggenheim World Equity	Pair Corr
0.7	SEQPX	Guggenheim World Equity	Pair Corr
0.67	SEUPX	Guggenheim Styleplus	Pair Corr
0.97	SEVAX	Guggenheim Mid Cap	Pair Corr
1.0	SEWIX	Guggenheim World Equity	Pair Corr
0.99	SEVSX	Guggenheim Mid Cap	Pair Corr
0.69	SEVPX	Guggenheim Mid Cap	Pair Corr
0.99	SFECX	Guggenheim Styleplus	Pair Corr
0.65	SFEPX	Guggenheim Styleplus	Pair Corr
0.78	GIBCX	Guggenheim Total Return	Pair Corr
0.8	GIBIX	Guggenheim Total Return	Pair Corr
0.79	GIBLX	Guggenheim Total Return	Pair Corr
0.8	GIBRX	Guggenheim Total Return	Pair Corr
0.81	GIBAX	Guggenheim Total Return	Pair Corr
0.96	GIFPX	Guggenheim Floating Rate	Pair Corr
0.96	GIFSX	Guggenheim Floating Rate	Pair Corr
0.96	GIFAX	Guggenheim Floating Rate	Pair Corr
0.96	GIFCX	Guggenheim Floating Rate	Pair Corr

Moving against Guggenheim Mutual Fund

0.6

SAOSX

Guggenheim Alpha Opp

Pair Corr

Related Correlations Analysis

	TVRCX	TVRAX	TVRIX	GUCPX	GULDX	SAOIX	SAOSX	SAOAX	SAOCX	GURAX
TVRCX		1.0	0.99	0.87	0.96	0.45	-0.52	0.43	0.39	0.79	TVRCX
TVRAX	1.0		0.99	0.87	0.96	0.45	-0.52	0.43	0.39	0.79	TVRAX
TVRIX	0.99	0.99		0.87	0.96	0.45	-0.56	0.39	0.39	0.78	TVRIX
GUCPX	0.87	0.87	0.87		0.93	0.29	-0.5	0.27	0.23	0.67	GUCPX
GULDX	0.96	0.96	0.96	0.93		0.35	-0.52	0.33	0.29	0.77	GULDX
SAOIX	0.45	0.45	0.45	0.29	0.35		0.01	0.88	1.0	0.28	SAOIX
SAOSX	-0.52	-0.52	-0.56	-0.5	-0.52	0.01		0.11	0.04	-0.69	SAOSX
SAOAX	0.43	0.43	0.39	0.27	0.33	0.88	0.11		0.88	0.27	SAOAX
SAOCX	0.39	0.39	0.39	0.23	0.29	1.0	0.04	0.88		0.23	SAOCX
GURAX	0.79	0.79	0.78	0.67	0.77	0.28	-0.69	0.27	0.23		GURAX
	TVRCX	TVRAX	TVRIX	GUCPX	GULDX	SAOIX	SAOSX	SAOAX	SAOCX	GURAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TVRAX	+ 1.0	TVRCX
SAOCX	+ 1.0	SAOIX
TVRIX	+ 0.99	TVRCX
TVRIX	+ 0.99	TVRAX
GULDX	+ 0.96	TVRCX
GULDX	+ 0.96	TVRAX

High negative correlations

GURAX	- 0.69	SAOSX
SAOSX	- 0.56	TVRIX
SAOSX	- 0.52	GULDX
SAOSX	- 0.52	TVRAX
SAOSX	- 0.52	TVRCX
SAOSX	- 0.5	GUCPX

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
TVRCX	0.44	0.17	0.05	(2.28)	0.28	(0.51)	1.23	(0.87)	3.27
TVRAX	0.44	0.17	0.05	(2.60)	0.25	(0.51)	1.22	(0.83)	3.20
TVRIX	0.43	0.08	0.04	0.26	0.30	(0.50)	1.22	(0.85)	3.27
GUCPX	0.18	0.03	(0.46)	3.11	0.00	(0.24)	0.50	(0.29)	1.11
GULDX	0.07	0.02	(1.47)	3.88	0.00	(0.13)	0.15	(0.10)	0.66
SAOIX	0.37	(0.06)	0.00	(0.08)	0.00	0.00	0.85	(0.85)	2.30
SAOSX	0.08	(0.04)	0.00	1.05	0.00	0.00	0.06	(0.26)	1.74
SAOAX	0.36	(0.03)	0.00	0.98	0.00	0.00	0.88	(0.84)	2.27
SAOCX	0.37	(0.07)	0.00	(0.10)	0.00	0.00	0.83	(0.86)	2.31
GURAX	0.61	0.12	(0.03)	(0.73)	0.81	(0.65)	1.54	(1.25)	4.44

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