Guggenheim Styleplus Fund Market Value
| SFEPX Fund | USD 24.86 0.14 0.56% |
| Symbol | Guggenheim |
Guggenheim Styleplus '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 Styleplus' 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 Styleplus.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Guggenheim Styleplus on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Guggenheim Styleplus or generate 0.0% return on investment in Guggenheim Styleplus over 720 days. Guggenheim Styleplus is related to or competes with Nuveen Large, Nuveen Large, HUMANA, SCOR PK, Barloworld, Morningstar Unconstrained, and High-yield Municipal. The fund seeks to exceed the total return of the SP 500 Index More
Guggenheim Styleplus 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 Styleplus' 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 Styleplus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8075 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.96 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.24 |
Guggenheim Styleplus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim Styleplus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim Styleplus' standard deviation. In reality, there are many statistical measures that can use Guggenheim Styleplus historical prices to predict the future Guggenheim Styleplus' volatility.| Risk Adjusted Performance | 0.0897 | |||
| Jensen Alpha | 0.0865 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (1.92) |
Guggenheim Styleplus Backtested Returns
At this stage we consider Guggenheim Mutual Fund to be very steady. Guggenheim Styleplus 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-seven technical indicators for Guggenheim Styleplus, which you can use to evaluate the volatility of the entity. Please check out Guggenheim Styleplus' Risk Adjusted Performance of 0.0897, market risk adjusted performance of (1.91), and Downside Deviation of 0.8075 to validate if the risk estimate we provide is consistent with the expected return of 0.0876%. The fund retains a Market Volatility (i.e., Beta) of -0.0429, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guggenheim Styleplus are expected to decrease at a much lower rate. During the bear market, Guggenheim Styleplus is likely to outperform the market.
Auto-correlation | 0.80 |
Very good predictability
Guggenheim Styleplus has very good predictability. Overlapping area represents the amount of predictability between Guggenheim Styleplus 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 Styleplus price movement. The serial correlation of 0.8 indicates that around 80.0% of current Guggenheim Styleplus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 2.68 |
Guggenheim Styleplus lagged returns against current returns
Autocorrelation, which is Guggenheim Styleplus 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 Styleplus' mutual fund expected returns. We can calculate the autocorrelation of Guggenheim Styleplus returns to help us make a trade decision. For example, suppose you find that Guggenheim Styleplus 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 Styleplus 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 Styleplus mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guggenheim Styleplus 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 Styleplus mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guggenheim Styleplus Lagged Returns
When evaluating Guggenheim Styleplus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guggenheim Styleplus mutual fund have on its future price. Guggenheim Styleplus 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 Styleplus autocorrelation shows the relationship between Guggenheim Styleplus mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guggenheim Styleplus .
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 Styleplus 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 Styleplus security.
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