|Guggenheim Multi-Factor Large Cap -- USA Etf|| |
USD 28.38 0.29 1.03%
The etf retains Market Volatility (i.e. Beta) of 0.4441 which attests that as returns on market increase, Guggenheim Multi-Factor returns are expected to increase less than the market. However during bear market, the loss on holding Guggenheim Multi-Factor will be expected to be smaller as well.. Although it is vital to follow to Guggenheim Multi-Factor
current price history, it is good to be conservative about what you can actually do with the information regarding equity current price movements. The philosophy towards determining future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By evaluating Guggenheim Multi-Factor technical indicators
you can presently evaluate if the expected return of 0.3002% will be sustainable into the future.
Guggenheim Multi-Factor Relative Risk vs. Return Landscape
If you would invest 2,714
in Guggenheim Multi-Factor Large Cap on December 21, 2017
and sell it today you would earn a total of 124
from holding Guggenheim Multi-Factor Large Cap or generate 4.57%
return on investment over 30
days. Guggenheim Multi-Factor Large Cap is currenly generating 0.3002% of daily expected returns and assumes 0.6485% risk (volatility on return distribution) over the 30 days horizon. In different words, 6% of equities are less volatile than Guggenheim Multi-Factor Large Cap and 95% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
Daily Expected Return (%)
Given the investment horizon of 30 days, Guggenheim Multi-Factor Large Cap is expected to generate 1.4 times more return on investment than the market. However, the company is 1.4 times more volatile than its market benchmark. It trades about 0.46 of its potential returns per unit of risk. The DOW is currently generating roughly 0.55 per unit of risk.
Guggenheim Multi-Factor Daily Price Distribution
The median price of Guggenheim Multi-Factor for the period between Thu, Dec 21, 2017 and Sat, Jan 20, 2018 is 27.1 with a coefficient of variation of 2.04. The daily time series for the period is distributed with a sample standard deviation of 0.56, arithmetic mean of 27.36, and mean deviation of 0.48. The Etf did not receive any noticable media coverage during the period.