Guggenheim Market Neutral Fund Price on September 27, 2023
| GUMNX Fund | USD 26.78 0.08 0.30% |
Below is the normalized historical share price chart for Guggenheim Market Neutral extending back to February 26, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Guggenheim Market stands at 26.78, as last reported on the 11th of December 2024, with the highest price reaching 26.78 and the lowest price hitting 26.78 during the day.
If you're considering investing in Guggenheim Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Guggenheim Mutual Fund to be very steady. Guggenheim Market Neutral holds Efficiency (Sharpe) Ratio of 0.0265, which attests that the entity had a 0.0265% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Guggenheim Market Neutral, which you can use to evaluate the volatility of the entity. Please check out Guggenheim Market's Downside Deviation of 0.1911, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.63) to validate if the risk estimate we provide is consistent with the expected return of 0.0037%.
Guggenheim Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Guggenheim |
Sharpe Ratio = 0.0265
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| Negative Returns | GUMNX |
Estimated Market Risk
| 0.14 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Guggenheim Market is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Guggenheim Market by adding it to a well-diversified portfolio.
Guggenheim Market Valuation on September 27, 2023
It is possible to determine the worth of Guggenheim Market on a given historical date. On September 27, 2023 Guggenheim was worth 26.36 at the beginning of the trading date compared to the closed value of 26.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Guggenheim Market mutual fund. Still, in general, we apply an absolute valuation method to find Guggenheim Market's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Guggenheim Market where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Guggenheim Market's related companies.
| Open | High | Low | Close | Volume | |
| 26.36 | 26.36 | 26.36 | 26.36 | 1.00 | |
09/27/2023 | 26.36 | 26.36 | 26.36 | 26.36 | 1.00 |
| 26.34 | 26.34 | 26.34 | 26.34 | 1.00 |
| Backtest Guggenheim Market | | | Guggenheim Market History | | | Guggenheim Market Valuation | Previous | Next |
Guggenheim Market Trading Date Momentum on September 27, 2023
| On September 28 2023 Guggenheim Market Neutral was traded for 26.34 at the closing time. The highest daily price throughout the period was 26.34 and the lowest price was 26.34 . There was no trading activity during the period 1.0. Lack of trading volume on 09/28/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.08% . The overall trading delta to current closing price is 0.11% . |
Guggenheim Market Neutral Fundamentals Correlations and Trends
By evaluating Guggenheim Market's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Guggenheim Market's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Guggenheim financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Guggenheim Market Mutual Fund history
Guggenheim Market investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Guggenheim is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Guggenheim Market Neutral will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Guggenheim Market stock prices may prove useful in developing a viable investing in Guggenheim Market
The fund pursues its investment objective by investing at least 80 percent of its assets in long and short equity securities of issuers primarily engaged in the real estate industry, such as real estate investment trusts and equity-like securities, including individual securities, exchange-traded funds and derivatives, giving long and short exposure to issuers primarily engaged in the real estate industry.
Guggenheim Market Mutual Fund Technical Analysis
Guggenheim Market technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Guggenheim Market Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Guggenheim Market Neutral cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Guggenheim Market December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Guggenheim Market mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Guggenheim Market shares will generate the highest return on investment. By undertsting and applying Guggenheim Market mutual fund market strength indicators, traders can identify Guggenheim Market Neutral entry and exit signals to maximize returns
Guggenheim Market Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Guggenheim Market's price direction in advance. Along with the technical and fundamental analysis of Guggenheim Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Guggenheim to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.63) | |||
| Treynor Ratio | (0.64) |
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| Math Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Guggenheim Mutual Fund
Guggenheim Market 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 Market security.
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