Guggenheim World Correlations

Mutual Funds . USA . 
Fund . Guggenheim World Equity
SEQAX Fund  USD 16.47  0.06  0.36%   
The current 90-days correlation between Guggenheim World Equity and Adams Natural Resources is 0.13 (i.e., Average 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 0.83 (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 nation.

Moving together with Guggenheim Mutual Fund

  0.61SAOIX Guggenheim Alpha OppPairCorr
  0.61SAOSX Guggenheim Alpha OppPairCorr
  0.61SAOAX Guggenheim Alpha OppPairCorr
  0.77GURAX Guggenheim Risk ManagedPairCorr
  0.76GURCX Guggenheim Risk ManagedPairCorr
  0.77GURIX Guggenheim Risk ManagedPairCorr
  0.65GURPX Guggenheim Risk ManagedPairCorr
  0.74SECIX Guggenheim Large CapPairCorr
  0.74SEGPX Guggenheim Large CapPairCorr
  0.83SEQPX Guggenheim World EquityPairCorr
  0.86SEWIX Guggenheim World EquityPairCorr
  0.86SFGCX Guggenheim World EquityPairCorr
  0.61GIBCX Guggenheim Total ReturnPairCorr
  0.61GIBIX Guggenheim Total ReturnPairCorr
  0.61GIBLX Guggenheim Total ReturnPairCorr
  0.61GIBRX Guggenheim Total ReturnPairCorr

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.

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