Guggenheim Ultra Competition

GIYAX Fund

USD 10.08 0.00 0.00%

Guggenheim Ultra Short competes with Guggenheim Directional, Guggenheim Directional, Guggenheim Directional, Gugg Actv, and Gugg Actv; as well as few others. The fund is listed under Ultrashort Bond category and is part of Guggenheim Investments family. Analyzing Guggenheim Ultra competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Guggenheim Ultra to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Guggenheim Ultra Correlation with its peers.

Guggenheim Ultra vs Guggenheim Risk Correlation

Poor diversification

The correlation between Guggenheim Ultra Short and GURCX is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Ultra Short and GURCX in the same portfolio, assuming nothing else is changed.

Moving together with Guggenheim Mutual Fund

0.83	TVRAX	Guggenheim Directional	Pair Corr
0.81	TVRIX	Guggenheim Directional	Pair Corr
0.98	GULDX	Gugg Actv Invmt	Pair Corr

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Hype

Prediction

Low	Estimated	High
10.01	10.08	10.15

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Intrinsic

Valuation

Low	Real	High
10.00	10.07	10.14

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Naive

Forecast

Low	Next	High
10.00	10.08	10.15

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Bollinger

Band Projection (param)

Lower	Middle Band	Upper
9.88	10.08	10.09

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Guggenheim Ultra. Your research has to be compared to or analyzed against Guggenheim Ultra's peers to derive any actionable benefits. When done correctly, Guggenheim Ultra's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Guggenheim Ultra Short.

Guggenheim Ultra Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Guggenheim Ultra and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Guggenheim and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Guggenheim Ultra Short does not affect the price movement of the other competitor.

	TVRCX	TVRAX	TVRIX	GUCPX	GULDX	SAOIX	SAOAX	SAOCX	GURAX	GURCX
TVRCX		0.6	0.6	0.27	0.37	0.16	0.16	0.16	-0.02	-0.02	TVRCX
TVRAX	0.6		0.97	0.53	0.83	0.69	0.68	0.68	0.46	0.46	TVRAX
TVRIX	0.6	0.97		0.55	0.81	0.68	0.67	0.67	0.44	0.44	TVRIX
GUCPX	0.27	0.53	0.55		0.68	0.74	0.75	0.74	0.77	0.76	GUCPX
GULDX	0.37	0.83	0.81	0.68		0.9	0.89	0.9	0.71	0.7	GULDX
SAOIX	0.16	0.69	0.68	0.74	0.9		0.99	1.0	0.88	0.88	SAOIX
SAOAX	0.16	0.68	0.67	0.75	0.89	0.99		0.99	0.9	0.89	SAOAX
SAOCX	0.16	0.68	0.67	0.74	0.9	1.0	0.99		0.88	0.88	SAOCX
GURAX	-0.02	0.46	0.44	0.77	0.71	0.88	0.9	0.88		1.0	GURAX
GURCX	-0.02	0.46	0.44	0.76	0.7	0.88	0.89	0.88	1.0		GURCX
	TVRCX	TVRAX	TVRIX	GUCPX	GULDX	SAOIX	SAOAX	SAOCX	GURAX	GURCX

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High positive correlations

SAOCX	+ 1.0	SAOIX
GURCX	+ 1.0	GURAX
SAOAX	+ 0.99	SAOIX
SAOCX	+ 0.99	SAOAX
TVRIX	+ 0.97	TVRAX
SAOIX	+ 0.9	GULDX

High negative correlations

GURCX	- 0.02	TVRCX
GURAX	- 0.02	TVRCX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Ultra Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Guggenheim Ultra's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TVRCX	0.45	0.04	(0.10)	(0.19)	0.61	(0.46)	0.83	(1.19)	2.95
TVRAX	0.60	0.21	0.12	(0.60)	0.37	(0.75)	0.95	(1.16)	11.66
TVRIX	0.60	0.12	0.11	0.30	0.37	(0.72)	0.95	(1.16)	11.04
GUCPX	0.11	0.00	(0.67)	0.20	0.00	(0.13)	0.24	(0.20)	0.64
GULDX	0.06	0.01	(1.59)	0.39	0.00	(0.13)	0.15	(0.05)	0.60
SAOIX	0.35	0.13	0.12	0.81	0.00	(0.42)	1.00	(0.63)	2.36
SAOAX	0.36	0.15	0.11	(2.31)	0.00	(0.43)	0.99	(0.63)	2.37
SAOCX	0.35	0.13	0.12	0.78	0.00	(0.42)	0.99	(0.64)	2.36
GURAX	0.54	0.13	0.02	(0.88)	0.54	(0.56)	1.40	(1.08)	2.95
GURCX	0.53	0.12	0.02	(0.90)	0.54	(0.56)	1.39	(1.06)	2.97

Guggenheim Ultra Competitive Analysis

The better you understand Guggenheim Ultra competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Guggenheim Ultra's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Guggenheim Ultra's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	GIYAX	TVRCX	TVRAX	TVRIX	GUCPX	GULDX	SAOIX	SAOAX	SAOCX	GURAX
	0.00 10.08 Guggenheim	0.60 14.98 Guggenheim	0.53 17.08 Guggenheim	0.66 18.18 Guggenheim	0.1 20.56 Gugg	0.05 19.91 Gugg	0.03 33.32 Guggenheim	0.09 33.68 Guggenheim	0.05 39.38 Guggenheim	0.23 34.43 Guggenheim
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Good	Weakest	Fair	Fair	Soft	Good	Strong	Strong	Strong	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Over Valued	Under Valued	Over Valued	Over Valued	Fairly Valued	Over Valued	Fairly Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Hold	Strong Sell	Sell	Strong Buy	Strong Sell	Strong Sell	Cautious Hold	Strong Sell	Cautious Hold	Sell
Net Asset	554.88 M	211.64 M	211.64 M	211.64 M	N/A	N/A	34.04 M	197.94 M	34.04 M	172.32 M
Minimum Initial Investment	2.5 K	N/A	N/A	2 M	N/A	N/A	2 M	N/A	N/A	N/A
Price To Book	N/A	2.94	2.3	2.94	N/A	N/A	2.24	2.06	2.08	2.65
Five Year Return	3.72	8.36	9.06	9.43	N/A	N/A	6.16	5.88	4.73	5.85
One Year Return	4.89	10.2	10.86	10.65	N/A	N/A	4.77	4.5	3.46	8.44
Last Dividend Paid	0.01	N/A	0.01	0.05	N/A	N/A	0.28	0.21	0.03	0.12
Price To Earning	N/A	20.44	18.73	20.44	N/A	N/A	15.85	15.05	15.6	39.93
Price To Sales	N/A	1.71	1.41	1.71	N/A	N/A	0.88	0.75	0.8	7.8
Cash Position Weight	16.59	110.22	110.22	0.35	N/A	N/A	10.12	4.66	4.66	16.48
Equity Positions Weight	N/A	N/A	N/A	99.65	N/A	N/A	89.89	93.95	93.95	84.03
Three Year Return	6.0	14.74	15.46	16.23	N/A	N/A	9.02	8.72	7.11	6.7
Annual Yield	0.0411	N/A	0.0074	0.0094	N/A	N/A	0.0093	0.0069	N/A	0.0205
Year To Date Return	0.7	0.53	0.58	0.17	N/A	N/A	9.5	9.46	7.94	8.87
Bond Positions Weight	81.2	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	N/A	N/A	N/A	N/A	N/A	N/A	8.2	7.77	6.94	N/A
Day Typical Price	10.08	14.98	17.08	18.18	20.56	19.91	33.32	33.68	39.38	34.43
Daily Balance Of Power	0.0	9.2 T	9.2 T	9.2 T	0	0	9.2 T	9.2 T	9.2 T	9.2 T
Period Momentum Indicator	N/A	0.09	0.09	0.12	(0.02)	(0.01)	0.01	0.03	0.02	0.08
Rate Of Daily Change	1.0	1.01	1.01	1.01	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	10.08	14.98	17.08	18.18	20.56	19.91	33.32	33.68	39.38	34.43
Price Action Indicator	N/A	0.045	0.045	0.06	(0.01)	(0.01)	0.005	0.015	0.01	0.04
Relative Strength Index	95.72	49.36	56.34	56.17	65.01	81.0	87.11	85.97	88.76	71.66
Coefficient Of Variation	430.17	1554.83	711.44	683.03	742.66	514.91	281.71	300.66	288.37	562.75
Mean Deviation	0.041	0.4516	0.6038	0.5951	0.1081	0.0617	0.3484	0.3568	0.3494	0.5362
Jensen Alpha	0.0075	0.0432	0.2104	0.1195	0.0044	0.008	0.1342	0.1511	0.1303	0.1272
Total Risk Alpha	(0)	(0.05)	0.0064	0.0131	(0.01)	(0)	0.0938	0.0851	0.0902	0.0244
Sortino Ratio	N/A	(0.10)	0.1178	0.1138	(0.67)	(1.59)	0.1202	0.1079	0.1174	0.0208
Downside Variance	N/A	0.4938	0.4783	0.4858	0.0179	0.0031	0.2	0.1814	0.1828	0.5424
Standard Deviation	0.0782	0.6009	1.35	1.29	0.1384	0.1068	0.4584	0.4658	0.459	0.6996
Kurtosis	12.47	0.8162	41.98	39.27	0.483	11.59	0.7132	0.5352	0.6662	(0.21)
Potential Upside	0.1004	0.8287	0.9451	0.9503	0.245	0.1505	1.0	0.9923	0.9852	1.4
Treynor Ratio	1.19	(0.19)	(0.60)	0.2999	0.2031	0.3879	0.8145	(2.31)	0.7827	(0.88)
Maximum Drawdown	0.4991	2.95	11.66	11.04	0.6373	0.6042	2.36	2.37	2.36	2.95
Variance	0.0061	0.361	1.84	1.65	0.0191	0.0114	0.2101	0.217	0.2107	0.4894
Market Risk Adjusted Performance	1.2	(0.18)	(0.59)	0.3099	0.2131	0.3979	0.8245	(2.30)	0.7927	(0.87)
Risk Adjusted Performance	0.0906	0.0467	0.1126	0.1168	0.0581	0.0875	0.2667	0.2497	0.2604	0.1359
Skewness	3.24	(0.49)	5.78	5.48	0.5082	3.23	0.0116	0.0367	0.0102	(0.07)
Semi Deviation	N/A	0.6095	0.3724	0.371	0.0	0.0	0.0	0.0	0.0	0.5369
Information Ratio	(1.16)	(0.12)	0.0601	0.0617	(0.65)	(0.83)	0.1172	0.0987	0.1094	0.0219
Value At Risk	N/A	(1.19)	(1.16)	(1.16)	(0.20)	(0.05)	(0.63)	(0.63)	(0.64)	(1.08)
Expected Short fall	N/A	(0.46)	(0.75)	(0.72)	(0.13)	(0.13)	(0.42)	(0.43)	(0.42)	(0.56)
Downside Deviation	N/A	0.7027	0.6916	0.697	0.1339	0.0555	0.4472	0.4259	0.4275	0.7365
Semi Variance	N/A	0.3715	0.1387	0.1376	(0.01)	(0.02)	(0.05)	(0.04)	(0.05)	0.2883

Guggenheim Ultra Competition Performance Charts

Five steps to successful analysis of Guggenheim Ultra Competition

Guggenheim Ultra's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Guggenheim Ultra Short in relation to its competition. Guggenheim Ultra's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Guggenheim Ultra in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Guggenheim Ultra's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Guggenheim Ultra Short, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Guggenheim Ultra position

In addition to having Guggenheim Ultra in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Sport Products

Companies manufacturing sporting goods and accessories. The Sport Products theme has 41 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Sport Products Theme or any other thematic opportunities.

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Other Information on Investing in Guggenheim Mutual Fund

Guggenheim Ultra 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 Ultra security.

	Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk
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Guggenheim Ultra Competition

Guggenheim Ultra vs Guggenheim Risk Correlation

Poor diversification

Moving together with Guggenheim Mutual Fund

Specify up to 10 symbols:

Guggenheim Ultra Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

Guggenheim Ultra Competitive Analysis

Guggenheim Ultra Competition Performance Charts

Five steps to successful analysis of Guggenheim Ultra Competition

Complement your Guggenheim Ultra position

Did You Try This Idea?

Run Sport Products Thematic Idea Now

Sport Products

Other Information on Investing in Guggenheim Mutual Fund

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