Guggenheim Strategic Opportunities Etf Market Value
| GOF Etf | USD 15.80 0.06 0.38% |
| Symbol | Guggenheim |
The market value of Guggenheim Strategic 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 Strategic's value that differs from its market value or its book value, called intrinsic value, which is Guggenheim Strategic'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 Strategic's market value can be influenced by many factors that don't directly affect Guggenheim Strategic'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 Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guggenheim Strategic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guggenheim Strategic'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 Strategic '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 Strategic'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 Strategic.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Guggenheim Strategic on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Guggenheim Strategic Opportunities or generate 0.0% return on investment in Guggenheim Strategic over 540 days. Guggenheim Strategic is related to or competes with Pimco Dynamic, Rivernorth Opportunities, Cornerstone Strategic, RiverNorthDoubleLine, Pimco Corporate, Pimco Dynamic, and Brookfield Real. Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund launched and managed by Guggenheim Funds ... More
Guggenheim Strategic 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 Strategic'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 Strategic Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4591 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 1.94 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.9836 |
Guggenheim Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim Strategic's standard deviation. In reality, there are many statistical measures that can use Guggenheim Strategic historical prices to predict the future Guggenheim Strategic's volatility.| Risk Adjusted Performance | 0.1772 | |||
| Jensen Alpha | 0.0831 | |||
| Total Risk Alpha | 0.0319 | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.5967 |
Guggenheim Strategic Backtested Returns
At this point, Guggenheim Strategic is very steady. Guggenheim Strategic holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Guggenheim Strategic, which you can use to evaluate the volatility of the entity. Please check out Guggenheim Strategic's Downside Deviation of 0.4591, risk adjusted performance of 0.1772, and Market Risk Adjusted Performance of 0.6067 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The etf retains a Market Volatility (i.e., Beta) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guggenheim Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guggenheim Strategic is expected to be smaller as well.
Auto-correlation | -0.54 |
Good reverse predictability
Guggenheim Strategic Opportunities has good reverse predictability. Overlapping area represents the amount of predictability between Guggenheim Strategic time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Strategic price movement. The serial correlation of -0.54 indicates that about 54.0% of current Guggenheim Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
Guggenheim Strategic lagged returns against current returns
Autocorrelation, which is Guggenheim Strategic 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 Strategic's etf expected returns. We can calculate the autocorrelation of Guggenheim Strategic returns to help us make a trade decision. For example, suppose you find that Guggenheim Strategic 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 Strategic 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 Strategic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guggenheim Strategic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guggenheim Strategic etf over time.
Current vs Lagged Prices |
| Timeline |
Guggenheim Strategic Lagged Returns
When evaluating Guggenheim Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guggenheim Strategic etf have on its future price. Guggenheim Strategic 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 Strategic autocorrelation shows the relationship between Guggenheim Strategic etf current value and its past values and can show if there is a momentum factor associated with investing in Guggenheim Strategic Opportunities.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Guggenheim Etf
Guggenheim Strategic 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 Strategic security.