| GIOIX Fund | | | USD 24.83 0.02 0.08% |
This module uses fundamental data of Guggenheim Macro to approximate its Piotroski F score. Guggenheim Macro F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Guggenheim Macro Opportunities. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Guggenheim Macro financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guggenheim Macro Opportunities. 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 gross domestic product.
At this time, it appears that Guggenheim Macro's Piotroski F Score is Inapplicable. Although some professional money managers and academia have recently criticized
Piotroski F-Score model, we still consider it an effective method of
predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
0.0
Piotroski F Score - Inapplicable
| Change in Return on Assets | |
| Cash Flow Return on Assets | |
| Current Quality of Earnings (accrual) | |
| Long Term Debt Over Assets Change | |
| Change In Outstending Shares | |
Guggenheim Macro Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Guggenheim Macro is to make sure Guggenheim is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Guggenheim Macro's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Guggenheim Macro's financial numbers are properly reported.
About Guggenheim Macro Piotroski F Score
F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled
Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.
About Guggenheim Macro Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Guggenheim Macro Opportunities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Guggenheim Macro using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Guggenheim Macro Opportunities based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing
financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our
fundamental analysis page.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Guggenheim Mutual Fund
Guggenheim Macro 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 Macro security.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |