Guggenheim Mutual Fund Quote

GIJCX -  USA Fund  

USD 13.58  0.01  0.07%

Guggenheim Municipal is trading at 13.58 as of the 28th of September 2021; that is 0.07% increase since the beginning of the trading day. The fund's open price was 13.57. Guggenheim Municipal has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Guggenheim Municipal Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of October 2019 and ending today, the 28th of September 2021. Click here to learn more.
 Market Performance
0 of 100
  Odds Of Distress
Less than 1

Guggenheim Municipal Mutual Fund Profile

The investment seeks to provide current income with an emphasis on income exempt from federal income tax, while also considering capital appreciation. Guggenheim Municipal is traded on NASDAQ Exchange in the United States. more on Guggenheim Municipal
Guggenheim Municipal is unlikely to experience financial distress in the next 2 years
The fund retains about 98.11% of its assets under management (AUM) in fixed income securities
Legal NameGuggenheim Municipal Income
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Guggenheim Municipal's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
Beta In Three Year1.1
Startdate17th of January 2012
Guggenheim Municipal Income [GIJCX] is traded in USA and was established 28th of September 2021. The fund is listed under Muni National Long category and is part of Guggenheim Investments family. Guggenheim Municipal currently has accumulated 79.55 M in assets under management (AUM) with minimum initial investment of 2.5 K. , while the total return for the last 3 years was 2.76%.
Check Guggenheim Municipal Probability Of Bankruptcy

Instrument Allocation

Top Guggenheim Municipal Income Constituents

Guggenheim Municipal Target Price Odds Analysis

What are Guggenheim Municipal's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Guggenheim Municipal jumping above the current price in 90 days from now is about 86.57%. The Guggenheim Municipal Income probability density function shows the probability of Guggenheim Municipal mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Guggenheim Municipal has a beta of 0.01. This usually indicates as returns on the market go up, Guggenheim Municipal average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Guggenheim Municipal Income will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Guggenheim Municipal is significantly underperforming DOW.
 Odds Down 13.58HorizonTargetOdds Up 13.58 
11.88%90 days
 13.58 
86.57%
Based on a normal probability distribution, the odds of Guggenheim Municipal to move above the current price in 90 days from now is about 86.57 (This Guggenheim Municipal Income probability density function shows the probability of Guggenheim Mutual Fund to fall within a particular range of prices over 90 days) .

Guggenheim Municipal Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Guggenheim Municipal market risk premium is the additional return an investor will receive from holding Guggenheim Municipal long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Guggenheim Municipal. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Guggenheim Municipal's alpha and beta are two of the key measurements used to evaluate Guggenheim Municipal's performance over the market, the standard measures of volatility play an important role as well.

Guggenheim Municipal Against Markets

Picking the right benchmark for Guggenheim Municipal mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Guggenheim Municipal mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Guggenheim Municipal is critical whether you are bullish or bearish towards Guggenheim Municipal Income at a given time.

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Our tools can tell you how much better you can do entering a position in Guggenheim Municipal without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please check Risk vs Return Analysis. Note that the Guggenheim Municipal information on this page should be used as a complementary analysis to other Guggenheim Municipal's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Guggenheim Mutual Fund analysis

When running Guggenheim Municipal price analysis, check to measure Guggenheim Municipal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Guggenheim Municipal is operating at the current time. Most of Guggenheim Municipal's value examination focuses on studying past and present price action to predict the probability of Guggenheim Municipal's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Guggenheim Municipal's price. Additionally, you may evaluate how the addition of Guggenheim Municipal to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Guggenheim Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine Guggenheim Municipal value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guggenheim Municipal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.