Guggenheim Styleplus Fund Market Value

SECEX Fund  USD 26.08  0.01  0.04%   
Guggenheim Styleplus' market value is the price at which a share of Guggenheim Styleplus trades on a public exchange. It measures the collective expectations of Guggenheim Styleplus investors about its performance. Guggenheim Styleplus is trading at 26.08 as of the 5th of December 2024; that is 0.04% up since the beginning of the trading day. The fund's open price was 26.07.
With this module, you can estimate the performance of a buy and hold strategy of Guggenheim Styleplus and determine expected loss or profit from investing in Guggenheim Styleplus over a given investment horizon. Check out Guggenheim Styleplus Correlation, Guggenheim Styleplus Volatility and Guggenheim Styleplus Alpha and Beta module to complement your research on Guggenheim Styleplus.
Symbol

Please note, there is a significant difference between Guggenheim Styleplus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Guggenheim Styleplus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guggenheim Styleplus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Guggenheim Styleplus '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 Styleplus' 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 Styleplus.
0.00
09/06/2024
No Change 0.00  0.0 
In 2 months and 31 days
12/05/2024
0.00
If you would invest  0.00  in Guggenheim Styleplus on September 6, 2024 and sell it all today you would earn a total of 0.00 from holding Guggenheim Styleplus or generate 0.0% return on investment in Guggenheim Styleplus over 90 days. Guggenheim Styleplus is related to or competes with Guggenheim Styleplus, Guggenheim Large, Guggenheim World, Guggenheim Investment, and Guggenheim Mid. Under normal circumstances, the fund pursues its objective by investing at least 80 percent of its assets in large-capit... More

Guggenheim Styleplus 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 Styleplus' 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 Styleplus upside and downside potential and time the market with a certain degree of confidence.

Guggenheim Styleplus Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim Styleplus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim Styleplus' standard deviation. In reality, there are many statistical measures that can use Guggenheim Styleplus historical prices to predict the future Guggenheim Styleplus' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Guggenheim Styleplus' 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.
Hype
Prediction
LowEstimatedHigh
25.3626.0826.80
Details
Intrinsic
Valuation
LowRealHigh
23.2423.9628.68
Details
Naive
Forecast
LowNextHigh
25.4226.1426.86
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
25.4925.7526.01
Details

Guggenheim Styleplus Backtested Returns

At this stage we consider Guggenheim Mutual Fund to be very steady. Guggenheim Styleplus holds Efficiency (Sharpe) Ratio of 0.28, which attests that the entity had a 0.28% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Guggenheim Styleplus, which you can use to evaluate the volatility of the entity. Please check out Guggenheim Styleplus' Risk Adjusted Performance of 0.1122, downside deviation of 0.861, and Market Risk Adjusted Performance of 3.32 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. The fund retains a Market Volatility (i.e., Beta) of 0.0319, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guggenheim Styleplus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Guggenheim Styleplus is expected to be smaller as well.

Auto-correlation

    
  0.71  

Good predictability

Guggenheim Styleplus has good predictability. Overlapping area represents the amount of predictability between Guggenheim Styleplus time series from 6th of September 2024 to 21st of October 2024 and 21st of October 2024 to 5th 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 Styleplus price movement. The serial correlation of 0.71 indicates that around 71.0% of current Guggenheim Styleplus price fluctuation can be explain by its past prices.
Correlation Coefficient0.71
Spearman Rank Test0.69
Residual Average0.0
Price Variance0.23

Guggenheim Styleplus lagged returns against current returns

Autocorrelation, which is Guggenheim Styleplus 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 Styleplus' mutual fund expected returns. We can calculate the autocorrelation of Guggenheim Styleplus returns to help us make a trade decision. For example, suppose you find that Guggenheim Styleplus 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 Styleplus 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 Styleplus mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guggenheim Styleplus 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 Styleplus mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Guggenheim Styleplus Lagged Returns

When evaluating Guggenheim Styleplus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guggenheim Styleplus mutual fund have on its future price. Guggenheim Styleplus 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 Styleplus autocorrelation shows the relationship between Guggenheim Styleplus mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guggenheim Styleplus .
   Regressed Prices   
       Timeline  

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Other Information on Investing in Guggenheim Mutual Fund

Guggenheim Styleplus 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 Styleplus security.
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