Guggenheim Diversified Income Fund Market Value
| GUDCX Fund | USD 25.29 0.00 0.00% |
| Symbol | Guggenheim |
Guggenheim Diversified '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 Diversified's mutual fund 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 Diversified.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Guggenheim Diversified on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Guggenheim Diversified Income or generate 0.0% return on investment in Guggenheim Diversified over 720 days. Guggenheim Diversified is related to or competes with Calvert Moderate, Pro-blend(r) Moderate, American Funds, Moderately Aggressive, Hartford Moderate, and Blackrock Moderate. The Advisor intends to pursue the funds investment objective by constructing a broadly diversified global portfolio with... More
Guggenheim Diversified 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 Diversified's mutual fund 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 Diversified Income upside and downside potential and time the market with a certain degree of confidence.
Guggenheim Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim Diversified's standard deviation. In reality, there are many statistical measures that can use Guggenheim Diversified historical prices to predict the future Guggenheim Diversified's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Guggenheim Diversified's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Guggenheim Diversified Backtested Returns
We have found three technical indicators for Guggenheim Diversified, which you can use to evaluate the volatility of the entity. The fund retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Guggenheim Diversified are completely uncorrelated.
Auto-correlation | 0.30 |
Below average predictability
Guggenheim Diversified Income has below average predictability. Overlapping area represents the amount of predictability between Guggenheim Diversified time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Diversified price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Guggenheim Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Guggenheim Diversified lagged returns against current returns
Autocorrelation, which is Guggenheim Diversified mutual fund'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 Diversified's mutual fund expected returns. We can calculate the autocorrelation of Guggenheim Diversified returns to help us make a trade decision. For example, suppose you find that Guggenheim Diversified has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Diversified 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 Diversified mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guggenheim Diversified mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guggenheim Diversified mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guggenheim Diversified Lagged Returns
When evaluating Guggenheim Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guggenheim Diversified mutual fund have on its future price. Guggenheim Diversified 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 Diversified autocorrelation shows the relationship between Guggenheim Diversified mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guggenheim Diversified Income.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Mutual Fund
Guggenheim Diversified 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 Diversified security.
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