Guggenheim Diversified Income Fund Market Value
| GUDAX Fund | USD 25.43 0.00 0.00% |
| Symbol | Guggenheim |
Guggenheim Diversified '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 Diversified'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 Diversified.
| 10/22/2023 |
| 04/19/2024 |
If you would invest 0.00 in Guggenheim Diversified on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding Guggenheim Diversified Income or generate 0.0% return on investment in Guggenheim Diversified over 180 days. Guggenheim Diversified is related to or competes with Guggenheim Directional, Guggenheim Directional, Guggenheim Directional, Guggenheim Rbp, Guggenheim Rbp, Guggenheim Rbp, and Guggenheim Rbp. The Advisor intends to pursue the funds investment objective by constructing a broadly diversified global portfolio with... More
Guggenheim Diversified 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 Diversified'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 Diversified Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.78) | |||
| Maximum Drawdown | 0.4344 |
Guggenheim Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim Diversified's standard deviation. In reality, there are many statistical measures that can use Guggenheim Diversified historical prices to predict the future Guggenheim Diversified's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.86) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Guggenheim Diversified'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 Diversified Backtested Returns
We have found sixteen technical indicators for Guggenheim Diversified, which you can use to evaluate the volatility of the entity. Please check out Guggenheim Diversified's Standard Deviation of 0.0899, risk adjusted performance of (0.07), and Market Risk Adjusted Performance of (0.85) to validate if the risk estimate we provide is consistent with the expected return of 0.0%. The fund retains a Market Volatility (i.e., Beta) of 0.0129, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guggenheim Diversified's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guggenheim Diversified is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Guggenheim Diversified Income has no correlation between past and present. Overlapping area represents the amount of predictability between Guggenheim Diversified time series from 22nd of October 2023 to 20th of January 2024 and 20th of January 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 Diversified price movement. The serial correlation of 0.0 indicates that just 0.0% of current Guggenheim Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Guggenheim Diversified lagged returns against current returns
Autocorrelation, which is Guggenheim Diversified 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 Diversified's mutual fund expected returns. We can calculate the autocorrelation of Guggenheim Diversified returns to help us make a trade decision. For example, suppose you find that Guggenheim Diversified 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 Diversified 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 Diversified mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guggenheim Diversified 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 Diversified mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guggenheim Diversified Lagged Returns
When evaluating Guggenheim Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guggenheim Diversified mutual fund have on its future price. Guggenheim Diversified 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 Diversified autocorrelation shows the relationship between Guggenheim Diversified mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guggenheim Diversified Income.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Guggenheim Diversified Correlation, Guggenheim Diversified Volatility and Guggenheim Diversified Alpha and Beta module to complement your research on Guggenheim Diversified. Note that the Guggenheim Diversified information on this page should be used as a complementary analysis to other Guggenheim Diversified'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 the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Guggenheim Diversified 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.