Guggenheim High Competition

SIHAX Fund

USD 9.95 0.01 0.10%

Guggenheim High Yield competes with Dreyfusnewton International, Us Vector, Balanced Fund, Qs Global, and Gmo Global; as well as few others. The fund is listed under High Yield Bond category and is part of Guggenheim Investments family. Analyzing Guggenheim High competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Guggenheim High to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Guggenheim High Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Guggenheim High competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
9.81	9.95	10.09

Details

Intrinsic

Valuation

Low	Real	High
9.62	9.76	10.95

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Guggenheim High. Your research has to be compared to or analyzed against Guggenheim High's peers to derive any actionable benefits. When done correctly, Guggenheim High's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Guggenheim High Yield.

Guggenheim High Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Guggenheim High and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Guggenheim and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Guggenheim High Yield does not affect the price movement of the other competitor.

	NIEYX	DFVEX	FLDFX	SILLX	GMADX	AUUIX
NIEYX		-0.01	0.79	0.19	0.55	0.56	NIEYX
DFVEX	-0.01		0.25	0.93	-0.16	0.59	DFVEX
FLDFX	0.79	0.25		0.31	0.39	0.85	FLDFX
SILLX	0.19	0.93	0.31		0.06	0.57	SILLX
GMADX	0.55	-0.16	0.39	0.06		0.14	GMADX
AUUIX	0.56	0.59	0.85	0.57	0.14		AUUIX
	NIEYX	DFVEX	FLDFX	SILLX	GMADX	AUUIX

Click cells to compare fundamentals

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Backtest Portfolio

High positive correlations

SILLX	+ 0.93	DFVEX
AUUIX	+ 0.85	FLDFX
FLDFX	+ 0.79	NIEYX
AUUIX	+ 0.59	DFVEX
AUUIX	+ 0.57	SILLX
AUUIX	+ 0.56	NIEYX

High negative correlations

GMADX	- 0.16	DFVEX
DFVEX	- 0.01	NIEYX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim High 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 High'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
NIEYX	1.28	(0.63)	0.00	(1.06)	0.00	0.00	1.09	(1.87)	35.88
DFVEX	0.59	0.00	0.00	0.03	0.74	(0.67)	1.16	(0.90)	7.30
FLDFX	0.60	(0.19)	0.00	(0.22)	0.00	0.00	0.71	(0.98)	12.74
SILLX	0.59	(0.01)	(0.02)	0.02	1.01	(0.55)	0.97	(1.31)	4.84
GMADX	0.48	(0.06)	0.00	(0.58)	0.00	0.00	0.80	(0.98)	4.03
AUUIX	0.59	(0.08)	0.00	(0.07)	0.00	0.00	1.01	(1.18)	10.08

Unable to evaluate fundamental data of [NIEYX, DFVEX, FLDFX, SILLX, GMADX, AUUIX] at this time. Please try again later

All Fundamental Data

Guggenheim High Competitive Analysis

The better you understand Guggenheim High competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Guggenheim High's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Guggenheim High's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	SIHAX	NIEYX	DFVEX	FLDFX	SILLX	GMADX	AUUIX
	0.10 9.95 Guggenheim	0.35 14.23 Dreyfusnewton	0.84 27.76 DFVEX	0.71 12.76 Balanced	0.79 25.42 SILLX	0.40 29.82 Gmo	0.92 22.04 AUUIX
Market Volatility (90 Days Market Risk)	Very steady	Somewhat reliable	Very steady	Not too volatile	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Insignificant	Very Weak	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Sell	Strong Hold	Strong Hold	Strong Hold	Strong Hold	Cautious Hold	Strong Hold
Net Asset	424.81 M	1.37 B	5.06 B	353.07 M	176.74 M	722.52 M	256.14 M
Price To Book	0.84 X	2.07 X	1.61 X	2.56 X	1.88 X	N/A	2.22 X
Five Year Return	3.95 %	3.29 %	11.09 %	6.07 %	12.13 %	N/A	14.56 %
One Year Return	8.26 %	5.31 %	16.70 %	13.29 %	25.29 %	N/A	28.18 %
Last Dividend Paid	0.04	0.36	0.07	N/A	N/A	1.05	0.02
Price To Earning	9.59 X	17.44 X	16.80 X	17.17 X	13.93 X	N/A	13.43 X
Price To Sales	1.86 X	1.46 X	0.95 X	1.44 X	1.06 X	N/A	1.40 X
Cash Position Weight	2.60 %	0.18 %	0.89 %	60.45 %	0.66 %	0.76 %	3.30 %
Equity Positions Weight	1.79 %	99.82 %	99.07 %	28.04 %	99.34 %	95.57 %	96.71 %
Three Year Return	3.31 %	(0.28) %	8.64 %	4.14 %	8.61 %	N/A	9.87 %
Annual Yield	0.06 %	0.02 %	0.01 %	0.02 %	0 %	0.05 %	0 %
Year To Date Return	7.82 %	2.91 %	14.73 %	12.94 %	24.87 %	N/A	27.76 %
Bond Positions Weight	12.97 %	N/A	N/A	0.89 %	N/A	2.01 %	N/A
Ten Year Return	5.60 %	4.75 %	8.88 %	5.57 %	8.43 %	N/A	N/A
Daily Balance Of Power	(9,223,372,036,855)	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Day Typical Price	9.95	14.23	27.76	12.76	25.42	29.82	22.04
Period Momentum Indicator	(0.01)	0.05	0.23	0.09	0.2	0.12	0.2
Rate Of Daily Change	1.0	1.0	1.01	1.01	1.01	1.0	1.01
Day Median Price	9.95	14.23	27.76	12.76	25.42	29.82	22.04
Price Action Indicator	(0.01)	0.025	0.12	0.045	0.1	0.06	0.1
Coefficient Of Variation	(1,893)	(708.15)	1916.23	(965.41)	3897.35	(1,438)	(2,507)
Mean Deviation	0.1034	1.28	0.5887	0.6029	0.5875	0.4791	0.5899
Jensen Alpha	(0.02)	(0.63)	0.0	(0.19)	(0.01)	(0.06)	(0.08)
Total Risk Alpha	(0.02)	(0.79)	(0)	(0.23)	(0.02)	(0.08)	(0.11)
Sortino Ratio	N/A	N/A	0.0022	N/A	(0.02)	N/A	N/A
Downside Variance	N/A	N/A	0.6605	N/A	1.17	N/A	N/A
Standard Deviation	0.1419	4.25	0.8915	1.48	0.8365	0.6389	1.15
Kurtosis	2.09	60.89	8.1	47.57	4.38	2.05	25.2
Potential Upside	0.2004	1.09	1.16	0.7103	0.9666	0.7995	1.01
Treynor Ratio	(12.50)	(1.06)	0.0347	(0.22)	0.0154	(0.58)	(0.07)
Maximum Drawdown	0.9009	35.88	7.3	12.74	4.84	4.03	10.08
Variance	0.0201	18.06	0.7947	2.2	0.6997	0.4082	1.33
Market Risk Adjusted Performance	(12.49)	(1.05)	0.0447	(0.21)	0.0254	(0.57)	(0.06)
Risk Adjusted Performance	(0.09)	(0.10)	0.0428	(0.08)	0.021	(0.06)	(0.03)
Skewness	0.4077	(7.66)	0.9066	(6.43)	(1.47)	(0.55)	(3.96)
Semi Deviation	N/A	N/A	0.7445	N/A	1.01	N/A	N/A
Information Ratio	(0.37)	(0.15)	0.002	(0.13)	(0.03)	(0.14)	(0.08)
Value At Risk	(0.20)	(1.87)	(0.90)	(0.98)	(1.31)	(0.98)	(1.18)
Expected Short fall	N/A	N/A	(0.67)	N/A	(0.55)	N/A	N/A
Downside Deviation	N/A	N/A	0.8127	N/A	1.08	N/A	N/A
Semi Variance	N/A	N/A	0.5543	N/A	1.02	N/A	N/A

Guggenheim High Competition Performance Charts

Five steps to successful analysis of Guggenheim High Competition

Guggenheim High's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Guggenheim High Yield in relation to its competition. Guggenheim High's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Guggenheim High in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Guggenheim High's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Guggenheim High Yield, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Information on Investing in Guggenheim Mutual Fund

Guggenheim High financial ratios help investors to determine whether Guggenheim Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Guggenheim with respect to the benefits of owning Guggenheim High security.

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