Guggenheim Investment Grade Fund Market Value
| GIUSX Fund | USD 16.01 0.03 0.19% |
| Symbol | Guggenheim |
Guggenheim Investment 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Guggenheim Investment's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Guggenheim Investment.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Guggenheim Investment on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Guggenheim Investment Grade or generate 0.0% return on investment in Guggenheim Investment over 180 days. Guggenheim Investment is related to or competes with Guggenheim Styleplus, Guggenheim Styleplus, Guggenheim World, Guggenheim High, and Guggenheim Large. The fund normally invests at least 80 percent of its assets in investment grade fixed-income securities More
Guggenheim Investment Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Guggenheim Investment's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Guggenheim Investment Grade upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 1.48 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.3708 |
Guggenheim Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim Investment's standard deviation. In reality, there are many statistical measures that can use Guggenheim Investment historical prices to predict the future Guggenheim Investment's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (3.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Guggenheim Investment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Guggenheim Investment Backtested Returns
Guggenheim Investment holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Guggenheim Investment exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guggenheim Investment's Standard Deviation of 0.2983, market risk adjusted performance of (3.02), and Risk Adjusted Performance of (0.15) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0197, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guggenheim Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guggenheim Investment is expected to be smaller as well.
Auto-correlation | -0.48 |
Modest reverse predictability
Guggenheim Investment Grade has modest reverse predictability. Overlapping area represents the amount of predictability between Guggenheim Investment time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Guggenheim Investment price movement. The serial correlation of -0.48 indicates that about 48.0% of current Guggenheim Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Guggenheim Investment lagged returns against current returns
Autocorrelation, which is Guggenheim Investment mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Guggenheim Investment's mutual fund expected returns. We can calculate the autocorrelation of Guggenheim Investment returns to help us make a trade decision. For example, suppose you find that Guggenheim Investment has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Guggenheim Investment regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Guggenheim Investment mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guggenheim Investment mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guggenheim Investment mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guggenheim Investment Lagged Returns
When evaluating Guggenheim Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guggenheim Investment mutual fund have on its future price. Guggenheim Investment autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Guggenheim Investment autocorrelation shows the relationship between Guggenheim Investment mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guggenheim Investment Grade.
Regressed Prices |
| Timeline |
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 Investment 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 Investment security.
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