Guggenheim Strategic Opportunities Etf Market Value
| GOF Etf | USD 12.86 0.18 1.38% |
| 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.
| 01/13/2025 |
| 01/08/2026 |
If you would invest 0.00 in Guggenheim Strategic on January 13, 2025 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 360 days. Guggenheim Strategic is related to or competes with Cornerstone Strategic, Cohen, Wasatch E, Eaton Vance, Nuveen Municipal, Columbia Acorn, and T Rowe. 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.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.54 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 1.98 |
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 | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.48) |
Guggenheim Strategic Backtested Returns
Guggenheim Strategic holds Efficiency (Sharpe) Ratio of -0.084, which attests that the entity had a -0.084 % return per unit of risk over the last 3 months. Guggenheim Strategic exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guggenheim Strategic's Standard Deviation of 1.77, risk adjusted performance of (0.06), and Market Risk Adjusted Performance of (0.47) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. 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 | 0.10 |
Insignificant predictability
Guggenheim Strategic Opportunities has insignificant predictability. Overlapping area represents the amount of predictability between Guggenheim Strategic time series from 13th of January 2025 to 12th of July 2025 and 12th of July 2025 to 8th of January 2026. 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 0.1 indicates that less than 10.0% of current Guggenheim Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
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.