Guggenheim Municipal Three Year Return vs. Bond Positions Weight
| GIJPX Fund | USD 11.48 0.02 0.17% |
For Guggenheim Municipal profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Guggenheim Municipal to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Guggenheim Municipal Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Guggenheim Municipal's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Guggenheim Municipal Income over time as well as its relative position and ranking within its peers.
Guggenheim |
Guggenheim Municipal Bond Positions Weight vs. Three Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Guggenheim Municipal's current stock value. Our valuation model uses many indicators to compare Guggenheim Municipal value to that of its competitors to determine the firm's financial worth. Guggenheim Municipal Income is one of the top funds in three year return among similar funds. It also is one of the top funds in bond positions weight among similar funds . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Guggenheim Municipal's earnings, one of the primary drivers of an investment's value.Guggenheim Bond Positions Weight vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Guggenheim Municipal |
| = | (2.33) % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Percentage of fund asset invested in fixed income securities. About 30% of U.S. mutual funds invest in bonds.
Guggenheim Municipal |
| = | 97.71 % |
Funds that have over 60% of asset value invested in bonds or or other fixed income securities would usually attract conservative investors.
Guggenheim Bond Positions Weight Comparison
Guggenheim Municipal is currently under evaluation in bond positions weight among similar funds.
Guggenheim Municipal Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Guggenheim Municipal, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Guggenheim Municipal will eventually generate negative long term returns. The profitability progress is the general direction of Guggenheim Municipal's change in net profit over the period of time. It can combine multiple indicators of Guggenheim Municipal, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund normally invests at least 80 percent of its assets in a diversified portfolio of municipal securities whose interest is free from federal income tax.
Guggenheim Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Guggenheim Municipal. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Guggenheim Municipal position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Guggenheim Municipal's important profitability drivers and their relationship over time.
Use Guggenheim Municipal in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Guggenheim Municipal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Guggenheim Municipal will appreciate offsetting losses from the drop in the long position's value.Guggenheim Municipal Pair Trading
Guggenheim Municipal Income Pair Trading Analysis
The ability to find closely correlated positions to Guggenheim Municipal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guggenheim Municipal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Guggenheim Municipal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Guggenheim Municipal Income to buy it.
The correlation of Guggenheim Municipal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Guggenheim Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guggenheim Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Guggenheim Municipal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Guggenheim Municipal position
In addition to having Guggenheim Municipal in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Emerging Markets ETFs Thematic Idea Now
Emerging Markets ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Emerging Markets ETFs theme has 29 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Emerging Markets ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Guggenheim Mutual Fund
To fully project Guggenheim Municipal's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Guggenheim Municipal at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Guggenheim Municipal's income statement, its balance sheet, and the statement of cash flows.
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