Guggenheim Municipal Income Fund Price on March 15, 2021
| GIJAX Fund | USD 11.25 0.01 0.09% |
Below is the normalized historical share price chart for Guggenheim Municipal Income extending back to January 17, 2012. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Guggenheim Municipal stands at 11.25, as last reported on the 19th of April, with the highest price reaching 11.25 and the lowest price hitting 11.25 during the day.
If you're considering investing in Guggenheim Mutual Fund, it is important to understand the factors that can impact its price. Guggenheim Municipal holds Efficiency (Sharpe) Ratio of -0.0052, which attests that the entity had a -0.0052% return per unit of risk over the last 3 months. Guggenheim Municipal exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guggenheim Municipal's Standard Deviation of 0.2372, market risk adjusted performance of 0.5191, and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide.
Guggenheim Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Guggenheim |
Sharpe Ratio = -0.0052
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| Negative Returns | GIJAX |
Estimated Market Risk
| 0.23 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Guggenheim Municipal is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Guggenheim Municipal by adding Guggenheim Municipal to a well-diversified portfolio.
Guggenheim Municipal Valuation on March 15, 2021
It is possible to determine the worth of Guggenheim Municipal on a given historical date. On March 15, 2021 Guggenheim was worth 12.19 at the beginning of the trading date compared to the closed value of 11.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Guggenheim Municipal mutual fund. Still, in general, we apply an absolute valuation method to find Guggenheim Municipal's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Guggenheim Municipal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Guggenheim Municipal's related companies.
| Open | High | Low | Close | Volume | |
04/04/2022 | 12.19 | 12.19 | 11.45 | 11.45 | 1.00 |
| 12.18 | 12.18 | 11.44 | 11.44 | 1.00 |
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Guggenheim Municipal Trading Date Momentum on March 15, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Guggenheim Municipal Fundamentals Correlations and Trends
By evaluating Guggenheim Municipal's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Guggenheim Municipal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Guggenheim financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Guggenheim Municipal Mutual Fund history
Guggenheim Municipal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Guggenheim is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Guggenheim Municipal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Guggenheim Municipal stock prices may prove useful in developing a viable investing in Guggenheim Municipal
Guggenheim Municipal Mutual Fund Technical Analysis
Guggenheim Municipal 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.
Price Boundaries
Guggenheim Municipal Period Price Range
Low | April 4, 2022
| High |
12.19 | 11.45 |
Guggenheim Municipal April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Guggenheim Municipal mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Guggenheim Municipal shares will generate the highest return on investment. By undertsting and applying Guggenheim Municipal mutual fund market strength indicators, traders can identify Guggenheim Municipal Income entry and exit signals to maximize returns
Guggenheim Municipal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Guggenheim Municipal's price direction in advance. Along with the technical and fundamental analysis of Guggenheim Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Guggenheim to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.5091 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guggenheim Municipal Income. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. 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 the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.