Guggenheim World Equity Fund Market Value
| SEQAX Fund | USD 17.85 0.07 0.39% |
| Symbol | Guggenheim |
Guggenheim World '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 World'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 World.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Guggenheim World on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Guggenheim World Equity or generate 0.0% return on investment in Guggenheim World over 30 days. Guggenheim World is related to or competes with American Funds, Western Asset, Aqr Managed, Aqr Managed, Tiaa Cref, Inflation-protected, and Goldman Sachs. The fund will invest at least 80 percent of its assets in equity securities More
Guggenheim World 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 World'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 World Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5358 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 2.19 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.7905 |
Guggenheim World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim World's standard deviation. In reality, there are many statistical measures that can use Guggenheim World historical prices to predict the future Guggenheim World's volatility.| Risk Adjusted Performance | 0.0536 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0545 |
Guggenheim World Equity Backtested Returns
At this stage we consider Guggenheim Mutual Fund to be very steady. Guggenheim World Equity holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Guggenheim World Equity, which you can use to evaluate the volatility of the entity. Please check out Guggenheim World's Risk Adjusted Performance of 0.0536, downside deviation of 0.5358, and Market Risk Adjusted Performance of 0.0645 to validate if the risk estimate we provide is consistent with the expected return of 0.0719%. The fund retains a Market Volatility (i.e., Beta) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guggenheim World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guggenheim World is expected to be smaller as well.
Auto-correlation | 0.48 |
Average predictability
Guggenheim World Equity has average predictability. Overlapping area represents the amount of predictability between Guggenheim World time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 World Equity price movement. The serial correlation of 0.48 indicates that about 48.0% of current Guggenheim World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Guggenheim World Equity lagged returns against current returns
Autocorrelation, which is Guggenheim World 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 World's mutual fund expected returns. We can calculate the autocorrelation of Guggenheim World returns to help us make a trade decision. For example, suppose you find that Guggenheim World 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 World 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 World mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guggenheim World 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 World mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guggenheim World Lagged Returns
When evaluating Guggenheim World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guggenheim World mutual fund have on its future price. Guggenheim World 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 World autocorrelation shows the relationship between Guggenheim World mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guggenheim World Equity.
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 World 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 World security.
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