Guggenheim Alpha Competition

SAOIX Fund

USD 31.41 0.17 0.54%

Guggenheim Alpha Opp competes with Guggenheim Alpha, Consumer Products, Tcw Conservative, Consumer Products, and Small-cap Growth; as well as few others. The fund is listed under Long-Short Equity category and is part of Guggenheim Investments family. Analyzing Guggenheim Alpha 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 Alpha to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Guggenheim Alpha Correlation with its peers.

Guggenheim Alpha vs Total Market Correlation

Poor diversification

The correlation between Guggenheim Alpha Opportunity and GTTMX is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Alpha Opportunity and GTTMX in the same portfolio, assuming nothing else is changed.

Moving together with Guggenheim Mutual Fund

0.92

SAOAX

Guggenheim Alpha Opp

Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
30.88	31.41	31.94

Details

Intrinsic

Valuation

Low	Real	High
30.64	31.17	31.70

Details

Naive

Forecast

Low	Next	High
30.73	31.25	31.78

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
30.10	30.76	31.42

Details

Guggenheim Alpha Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Guggenheim Alpha 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 Alpha Opp does not affect the price movement of the other competitor.

	SAOAX	RYCIX	TGPNX	WAGTX	RYPDX	SGPIX	WEBAX	GVALX	RSRFX	GTTMX
SAOAX		0.78	0.72	0.0	0.77	0.68	0.62	0.78	0.82	0.7	SAOAX
RYCIX	0.78		0.64	0.0	1.0	0.73	0.57	0.96	0.96	0.95	RYCIX
TGPNX	0.72	0.64		0.0	0.62	0.88	0.96	0.69	0.73	0.6	TGPNX
WAGTX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	WAGTX
RYPDX	0.77	1.0	0.62	0.0		0.71	0.56	0.96	0.96	0.95	RYPDX
SGPIX	0.68	0.73	0.88	0.0	0.71		0.89	0.76	0.73	0.71	SGPIX
WEBAX	0.62	0.57	0.96	0.0	0.56	0.89		0.66	0.64	0.59	WEBAX
GVALX	0.78	0.96	0.69	0.0	0.96	0.76	0.66		0.94	0.96	GVALX
RSRFX	0.82	0.96	0.73	0.0	0.96	0.73	0.64	0.94		0.9	RSRFX
GTTMX	0.7	0.95	0.6	0.0	0.95	0.71	0.59	0.96	0.9		GTTMX
	SAOAX	RYCIX	TGPNX	WAGTX	RYPDX	SGPIX	WEBAX	GVALX	RSRFX	GTTMX

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High positive correlations

RYPDX	+ 1.0	RYCIX
GVALX	+ 0.96	RYCIX
RSRFX	+ 0.96	RYCIX
WEBAX	+ 0.96	TGPNX
GVALX	+ 0.96	RYPDX
RSRFX	+ 0.96	RYPDX

High negative correlations

GTTMX	- 0.0	WAGTX
RSRFX	- 0.0	WAGTX
GVALX	- 0.0	WAGTX
WEBAX	- 0.0	WAGTX
SGPIX	- 0.0	WAGTX
RYPDX	- 0.0	WAGTX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Alpha 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 Alpha'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
SAOAX	0.40	0.03	(0.11)	1.51	0.45	(0.42)	0.88	(0.82)	2.77
RYCIX	0.91	0.29	0.26	(1.77)	0.30	(1.27)	1.41	(0.95)	18.79
TGPNX	0.22	(0.02)	(0.24)	0.03	0.24	(0.26)	0.51	(0.50)	1.18
WAGTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYPDX	1.02	0.38	0.38	(1.34)	0.05	(1.46)	1.41	(0.96)	24.26
SGPIX	0.80	0.01	0.02	0.11	0.85	(0.82)	1.69	(1.48)	4.51
WEBAX	0.37	(0.03)	(0.14)	0.04	0.43	(0.40)	0.76	(0.64)	2.43
GVALX	0.75	0.24	0.30	0.48	0.00	(0.94)	1.58	(1.01)	13.17
RSRFX	0.97	0.11	0.05	0.36	0.98	(1.23)	1.71	(2.03)	13.62
GTTMX	1.08	0.38	0.43	0.57	0.00	(1.39)	1.50	(1.43)	23.89

Guggenheim Alpha Competitive Analysis

The better you understand Guggenheim Alpha competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Guggenheim Alpha'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 Alpha'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

	SAOIX	SAOAX	RYCIX	TGPNX	WAGTX	RYPDX	SGPIX	WEBAX	GVALX	RSRFX
	0.54 31.41 Guggenheim	0.45 31.59 Guggenheim	0.14 127.10 Consumer	0.59 11.98 Tcw	0.00 11.97 Wasatch	0.15 102.32 Consumer	0.19 122.52 Small-cap	0.11 9.53 Teton	0.20 14.69 Gotham	0.09 10.78 Reaves
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Not too volatile	Risky
Market Performance (90 Days Performance)	Fair	Fair	Fair	Weak	Weakest	Fair	Fair	Weak	Good	Fair
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Hazard	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Over Valued	Under 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	Sell	Sell	Hold	Not Rated	Strong Sell	Hold	Strong Hold	Strong Hold	Not Rated
Net Asset	34.04 M	197.94 M	29.38 M	32.82 M	97.24 M	29.38 M	3.72 M	31.73 M	34.86 M	45.87 M
Minimum Initial Investment	2 M	N/A	N/A	N/A	2 K	2.5 K	15 K	N/A	100 K	1 K
Price To Book	2.24	2.06	4.3	1.92	2.91	4.35	2.58	2.66	N/A	2.18
Five Year Return	4.61	4.29	2.99	3.86	2.41	2.74	2.79	5.25	11.71	7.34
One Year Return	-1.78	-1.35	3.25	8.08	-6.67	3.0	5.85	6.1	15.31	13.71
Last Dividend Paid	0.28	0.21	0.73	0.08	N/A	0.73	N/A	N/A	0.23	0.01
Price To Earning	15.85	15.05	21.98	18.22	1.22	20.32	4.4	19.32	N/A	24.3
Price To Sales	0.88	0.75	1.43	1.35	1.02	1.36	1.53	1.88	N/A	1.69
Cash Position Weight	10.12	4.66	0.62	-2.46	11.39	1.58	0.38	-0.7	0.54	2.19
Equity Positions Weight	89.89	93.95	99.51	33.62	88.61	98.42	99.62	63.75	99.46	97.81
Three Year Return	7.11	6.97	0.58	8.59	-9.16	0.32	9.09	8.3	12.42	12.52
Annual Yield	0.0097	0.0071	0.015	0.0148	N/A	0.018	N/A	0.0135	0.0087	0.0059
Year To Date Return	2.24	2.66	3.91	1.01	4.05	3.9	5.33	0.21	4.05	4.53
Bond Positions Weight	N/A	N/A	N/A	6.86	N/A	N/A	N/A	4.34	N/A	N/A
Ten Year Return	8.2	7.77	10.36	5.62	12.28	10.09	9.67	7.39	N/A	10.05
Day Typical Price	31.41	31.59	127.1	11.98	11.97	102.32	122.52	9.53	14.69	10.78
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	0.0	9.2 T	9.2 T	9.2 T	9.2 T	0
Period Momentum Indicator	0.17	0.14	0.18	0.07	N/A	0.15	0.23	0.01	0.03	(0.01)
Rate Of Daily Change	1.01	1.0	1.0	1.01	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	31.41	31.59	127.1	11.98	11.97	102.32	122.52	9.53	14.69	10.78
Price Action Indicator	0.085	0.07	0.09	0.035	N/A	0.075	0.11	0.005	0.015	(0.01)
Relative Strength Index	65.12	62.46	72.4	54.69	N/A	74.45	61.85	52.94	71.24	62.81
Coefficient Of Variation	960.07	1116.4	812.52	1594.42	N/A	806.86	812.0	1407.46	516.1	1118.21
Mean Deviation	0.4027	0.3993	0.9056	0.2168	N/A	1.02	0.8046	0.367	0.7527	0.9723
Jensen Alpha	0.0109	0.0348	0.2892	(0.02)	N/A	0.3817	0.0144	(0.03)	0.2409	0.1127
Total Risk Alpha	(0.02)	(0.03)	(0.02)	(0.03)	N/A	(0.02)	(0.01)	(0.04)	0.0963	(0.08)
Sortino Ratio	(0.09)	(0.11)	0.2604	(0.24)	N/A	0.3782	0.0242	(0.14)	0.3039	0.0484
Downside Variance	0.2902	0.2795	0.4813	0.1244	N/A	0.4821	1.1	0.2713	0.4592	1.5
Standard Deviation	0.527	0.5263	2.31	0.2906	N/A	2.96	1.05	0.4675	1.6	1.83
Kurtosis	0.7566	0.896	51.79	0.2318	N/A	57.13	0.1915	0.562	41.93	27.79
Potential Upside	0.8575	0.8803	1.41	0.5055	N/A	1.41	1.69	0.7568	1.58	1.71
Treynor Ratio	0.1243	1.51	(1.77)	0.0272	N/A	(1.34)	0.1069	0.0419	0.478	0.3552
Maximum Drawdown	2.7	2.77	18.79	1.18	N/A	24.26	4.51	2.43	13.17	13.62
Variance	0.2778	0.277	5.35	0.0845	N/A	8.75	1.1	0.2186	2.56	3.33
Market Risk Adjusted Performance	0.1343	1.52	(1.76)	0.0372	N/A	(1.33)	0.1169	0.0519	0.488	0.3652
Risk Adjusted Performance	0.0729	0.0621	0.0977	0.0309	N/A	0.099	0.0939	0.0467	0.1485	0.072
Skewness	(0.02)	0.0621	6.8	(0.36)	N/A	7.31	0.2494	(0.43)	5.83	4.21
Semi Deviation	0.4339	0.4515	0.303	0.2393	N/A	0.0541	0.85	0.4315	0.0	0.9822
Information Ratio	(0.09)	(0.11)	0.0781	(0.30)	N/A	0.0888	0.0241	(0.15)	0.1287	0.0324
Value At Risk	(0.83)	(0.82)	(0.95)	(0.50)	N/A	(0.96)	(1.48)	(0.64)	(1.01)	(2.03)
Expected Short fall	(0.43)	(0.42)	(1.27)	(0.26)	N/A	(1.46)	(0.82)	(0.40)	(0.94)	(1.23)
Downside Deviation	0.5387	0.5287	0.6937	0.3526	N/A	0.6943	1.05	0.5209	0.6777	1.22
Semi Variance	0.1883	0.2039	0.0918	0.0573	N/A	0.0029	0.7226	0.1862	(0.01)	0.9647

Guggenheim Alpha Competition Performance Charts

Five steps to successful analysis of Guggenheim Alpha Competition

Guggenheim Alpha'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 Alpha Opp in relation to its competition. Guggenheim Alpha's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Guggenheim Alpha 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 Alpha's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Guggenheim Alpha Opp, 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 Alpha position

In addition to having Guggenheim Alpha 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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Healthcare

Companies that provide healthcare goods and services including hospitals, health maintenance organizations, HMOs, or medical aid manufacturers. The Healthcare theme has 20 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 Healthcare Theme or any other thematic opportunities.

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Other Information on Investing in Guggenheim Mutual Fund

Guggenheim Alpha 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 Alpha security.

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Guggenheim Alpha Competition

Guggenheim Alpha vs Total Market Correlation

Poor diversification

Moving together with Guggenheim Mutual Fund

Specify up to 10 symbols:

Guggenheim Alpha Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

Guggenheim Alpha Competitive Analysis

Guggenheim Alpha Competition Performance Charts

Five steps to successful analysis of Guggenheim Alpha Competition

Complement your Guggenheim Alpha position

Did You Try This Idea?

Run Healthcare Thematic Idea Now

Healthcare

Other Information on Investing in Guggenheim Mutual Fund

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