Guggenheim World Correlations
| SEQPX Fund | USD 17.63 0.02 0.11% |
The current 90-days correlation between Guggenheim World Equity and Goldman Sachs Mlp is -0.03 (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
Poor diversification
The correlation between Guggenheim World Equity and DJI is 0.78 (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.
Guggenheim |
Moving together with Guggenheim Mutual Fund
| 0.71 | DOXWX | Dodge Cox Global | PairCorr |
| 0.7 | TRZRX | T Rowe Price | PairCorr |
| 0.69 | RIV | Rivernorth Opportunities | PairCorr |
| 0.84 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.75 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.7 | HD | Home Depot | PairCorr |
| 0.75 | HPQ | HP Inc | PairCorr |
| 0.8 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against Guggenheim Mutual Fund
| 0.63 | PFHCX | Pacific Funds Small | PairCorr |
| 0.41 | PG | Procter Gamble | PairCorr |
| 0.47 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.43 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.39 | KO | Coca Cola Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.0 | 0.02 | 0.38 | -0.24 | GLECX | ||
| 0.0 | 0.92 | 0.81 | 0.88 | AGGWX | ||
| 0.02 | 0.92 | 0.84 | 0.94 | EKWCX | ||
| 0.38 | 0.81 | 0.84 | 0.71 | QGLDX | ||
| -0.24 | 0.88 | 0.94 | 0.71 | OCMAX | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GLECX | 0.72 | 0.26 | 0.22 | (4.74) | 0.41 | 1.44 | 4.78 | |||
| AGGWX | 1.49 | (0.02) | 0.00 | (0.42) | 0.00 | 2.93 | 9.49 | |||
| EKWCX | 1.32 | (0.01) | (0.05) | 0.06 | 1.66 | 2.62 | 9.87 | |||
| QGLDX | 0.72 | 0.09 | (0.02) | (1.07) | 0.88 | 1.46 | 4.82 | |||
| OCMAX | 1.37 | (0.10) | 0.00 | (0.19) | 0.00 | 3.44 | 10.91 |