Guggenheim Mid Cap Fund Market Value
| SEVPX Fund | USD 43.02 0.47 1.10% |
| Symbol | Guggenheim |
Guggenheim Mid '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 Mid'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 Mid.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Guggenheim Mid on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Guggenheim Mid Cap or generate 0.0% return on investment in Guggenheim Mid over 30 days. Guggenheim Mid is related to or competes with Nuveen Small, Lebenthal Lisanti, Walthausen Small, Hartford Schroders, and Oberweis Small. Under normal circumstances, the fund pursues its objective by investing at least 80 percent of its assets in Small- and ... More
Guggenheim Mid 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 Mid'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 Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8368 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.4 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.71 |
Guggenheim Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim Mid's standard deviation. In reality, there are many statistical measures that can use Guggenheim Mid historical prices to predict the future Guggenheim Mid's volatility.| Risk Adjusted Performance | 0.0957 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0961 |
Guggenheim Mid Cap Backtested Returns
At this stage we consider Guggenheim Mutual Fund to be very steady. Guggenheim Mid Cap holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Guggenheim Mid Cap, which you can use to evaluate the volatility of the entity. Please check out Guggenheim Mid's Risk Adjusted Performance of 0.0957, downside deviation of 0.8368, and Market Risk Adjusted Performance of 0.1061 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The fund retains a Market Volatility (i.e., Beta) of 1.18, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Guggenheim Mid will likely underperform.
Auto-correlation | 0.37 |
Below average predictability
Guggenheim Mid Cap has below average predictability. Overlapping area represents the amount of predictability between Guggenheim Mid time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Mid Cap price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Guggenheim Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Guggenheim Mid Cap lagged returns against current returns
Autocorrelation, which is Guggenheim Mid 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 Mid's mutual fund expected returns. We can calculate the autocorrelation of Guggenheim Mid returns to help us make a trade decision. For example, suppose you find that Guggenheim Mid 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 Mid 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 Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guggenheim Mid 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 Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guggenheim Mid Lagged Returns
When evaluating Guggenheim Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guggenheim Mid mutual fund have on its future price. Guggenheim Mid 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 Mid autocorrelation shows the relationship between Guggenheim Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guggenheim Mid Cap.
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 Mid 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 Mid security.
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