Guggenheim Small Cap Fund Market Value
| SSUPX Fund | USD 15.28 0.09 0.59% |
| Symbol | Guggenheim |
Guggenheim Small '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 Small'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 Small.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Guggenheim Small on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Guggenheim Small Cap or generate 0.0% return on investment in Guggenheim Small over 90 days. Guggenheim Small is related to or competes with 361 Domestic, Easterly Snow, Alpine Ultra, Astor Longshort, Lord Abbett, Angel Oak, and Touchstone Ultra. The fund pursues its objective by investing, under normal circumstances, at least 80 percent of its assets in a diversif... More
Guggenheim Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.67 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.52 |
Guggenheim Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim Small's standard deviation. In reality, there are many statistical measures that can use Guggenheim Small historical prices to predict the future Guggenheim Small's volatility.| Risk Adjusted Performance | 7.0E-4 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Guggenheim Small'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 Small Cap Backtested Returns
Guggenheim Small Cap holds Efficiency (Sharpe) Ratio of -0.0048, which attests that the entity had a -0.0048% return per unit of risk over the last 3 months. Guggenheim Small Cap exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guggenheim Small's Standard Deviation of 0.9794, risk adjusted performance of 7.0E-4, and Market Risk Adjusted Performance of (0) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 1.28, 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 Small will likely underperform.
Auto-correlation | -0.26 |
Weak reverse predictability
Guggenheim Small Cap has weak reverse predictability. Overlapping area represents the amount of predictability between Guggenheim Small time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th of April 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 Small Cap price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Guggenheim Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Guggenheim Small Cap lagged returns against current returns
Autocorrelation, which is Guggenheim Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Guggenheim Small returns to help us make a trade decision. For example, suppose you find that Guggenheim Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guggenheim Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guggenheim Small Lagged Returns
When evaluating Guggenheim Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guggenheim Small mutual fund have on its future price. Guggenheim Small 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 Small autocorrelation shows the relationship between Guggenheim Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guggenheim Small Cap.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Guggenheim Small Correlation, Guggenheim Small Volatility and Guggenheim Small Alpha and Beta module to complement your research on Guggenheim Small. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Guggenheim Small technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.