Guggenheim Floating Rate Fund Price on May 16, 2023
| GIFAX Fund | USD 24.27 0.02 0.08% |
Below is the normalized historical share price chart for Guggenheim Floating Rate extending back to November 30, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Guggenheim Floating stands at 24.27, as last reported on the 11th of December 2024, with the highest price reaching 24.27 and the lowest price hitting 24.27 during the day.
If you're considering investing in Guggenheim Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Guggenheim Mutual Fund to be very steady. Guggenheim Floating Rate holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Guggenheim Floating Rate, which you can use to evaluate the volatility of the entity. Please check out Guggenheim Floating's Risk Adjusted Performance of 0.0925, coefficient of variation of 489.84, and Market Risk Adjusted Performance of (4.09) to validate if the risk estimate we provide is consistent with the expected return of 0.0231%.
Guggenheim Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Guggenheim |
Sharpe Ratio = 0.2037
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GIFAX |
Estimated Market Risk
| 0.11 actual daily | 0 100% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 16 84% of assets perform better |
Based on monthly moving average Guggenheim Floating is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Guggenheim Floating by adding it to a well-diversified portfolio.
Guggenheim Floating Valuation on May 16, 2023
It is possible to determine the worth of Guggenheim Floating on a given historical date. On May 16, 2023 Guggenheim was worth 21.08 at the beginning of the trading date compared to the closed value of 21.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Guggenheim Floating mutual fund. Still, in general, we apply an absolute valuation method to find Guggenheim Floating's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Guggenheim Floating where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Guggenheim Floating's related companies.
| Open | High | Low | Close | Volume | |
| 21.11 | 21.11 | 21.11 | 21.11 | 1.00 | |
05/16/2023 | 21.08 | 21.08 | 21.08 | 21.08 | 1.00 |
| 21.07 | 21.07 | 21.07 | 21.07 | 1.00 |
| Backtest Guggenheim Floating | | | Guggenheim Floating History | | | Guggenheim Floating Valuation | Previous | Next |
Guggenheim Floating Trading Date Momentum on May 16, 2023
| On May 17 2023 Guggenheim Floating Rate was traded for 21.07 at the closing time. The highest daily price throughout the period was 21.07 and the lowest price was 21.07 . There was no trading activity during the period 1.0. Lack of trading volume on 05/17/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.05% . The overall trading delta to current closing price is 0.28% . |
Guggenheim Floating Rate Fundamentals Correlations and Trends
By evaluating Guggenheim Floating's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Guggenheim Floating's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Guggenheim financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Guggenheim Floating Mutual Fund history
Guggenheim Floating investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Guggenheim is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Guggenheim Floating Rate will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Guggenheim Floating stock prices may prove useful in developing a viable investing in Guggenheim Floating
The fund normally invests at least 80 percent of its assets in floating rate senior secured syndicated bank loans, floating rate revolving credit facilities, floating rate unsecured loans, floating rate asset backed securities, other floating rate bonds, loans, notes and other securities, fixed income instruments, and derivative instruments that provide exposure to floating rate or variable rate loans, obligations or other securities.
Guggenheim Floating Mutual Fund Technical Analysis
Guggenheim Floating technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Guggenheim Floating Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Guggenheim Floating Rate cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Guggenheim Floating December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Guggenheim Floating mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Guggenheim Floating shares will generate the highest return on investment. By undertsting and applying Guggenheim Floating mutual fund market strength indicators, traders can identify Guggenheim Floating Rate entry and exit signals to maximize returns
Guggenheim Floating Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Guggenheim Floating's price direction in advance. Along with the technical and fundamental analysis of Guggenheim Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Guggenheim to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0925 | |||
| Jensen Alpha | 0.0131 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (1.55) | |||
| Treynor Ratio | (4.10) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Guggenheim Mutual Fund
Guggenheim Floating 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 Floating security.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device |