Guggenheim Taxable Municipal Etf Market Value
| GBAB Etf | USD 15.64 0.02 0.13% |
| Symbol | Guggenheim |
The market value of Guggenheim Taxable is measured differently than its book value, which is the value of Guggenheim that is recorded on the company's balance sheet. Investors also form their own opinion of Guggenheim Taxable's value that differs from its market value or its book value, called intrinsic value, which is Guggenheim Taxable's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Guggenheim Taxable's market value can be influenced by many factors that don't directly affect Guggenheim Taxable's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Guggenheim Taxable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guggenheim Taxable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guggenheim Taxable's 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 Taxable '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 Taxable's etf 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 Taxable.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Guggenheim Taxable on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Guggenheim Taxable Municipal or generate 0.0% return on investment in Guggenheim Taxable over 720 days. Guggenheim Taxable is related to or competes with MFS High, MFS Investment, Eaton Vance, Invesco High, MFS High, MFS Municipal, and DTF Tax. Guggenheim Taxable Municipal Bond Investment Grade Debt Trust is a closed ended fixed income mutual fund launched by Gug... More
Guggenheim Taxable 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 Taxable's etf 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 Taxable Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 4.19 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.16 |
Guggenheim Taxable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim Taxable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim Taxable's standard deviation. In reality, there are many statistical measures that can use Guggenheim Taxable historical prices to predict the future Guggenheim Taxable's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 1.77 |
Guggenheim Taxable Backtested Returns
Guggenheim Taxable holds Efficiency (Sharpe) Ratio of -0.2, which attests that the entity had a -0.2% return per unit of risk over the last 3 months. Guggenheim Taxable exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guggenheim Taxable's Standard Deviation of 0.8328, risk adjusted performance of (0.12), and Market Risk Adjusted Performance of 1.78 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0814, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guggenheim Taxable are expected to decrease at a much lower rate. During the bear market, Guggenheim Taxable is likely to outperform the market.
Auto-correlation | -0.5 |
Modest reverse predictability
Guggenheim Taxable Municipal has modest reverse predictability. Overlapping area represents the amount of predictability between Guggenheim Taxable time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 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 Taxable price movement. The serial correlation of -0.5 indicates that about 50.0% of current Guggenheim Taxable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.78 |
Guggenheim Taxable lagged returns against current returns
Autocorrelation, which is Guggenheim Taxable etf'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 Taxable's etf expected returns. We can calculate the autocorrelation of Guggenheim Taxable returns to help us make a trade decision. For example, suppose you find that Guggenheim Taxable has exhibited high autocorrelation historically, and you observe that the etf 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 Taxable 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 Taxable etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guggenheim Taxable etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guggenheim Taxable etf over time.
Current vs Lagged Prices |
| Timeline |
Guggenheim Taxable Lagged Returns
When evaluating Guggenheim Taxable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guggenheim Taxable etf have on its future price. Guggenheim Taxable 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 Taxable autocorrelation shows the relationship between Guggenheim Taxable etf current value and its past values and can show if there is a momentum factor associated with investing in Guggenheim Taxable Municipal.
Regressed Prices |
| Timeline |
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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 Etf
Guggenheim Taxable financial ratios help investors to determine whether Guggenheim Etf 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 Taxable security.