Guggenheim Macro Opportunities Fund Price on October 30, 2020
| GIOAX Fund | USD 24.14 0.04 0.17% |
Below is the normalized historical share price chart for Guggenheim Macro Opportunities extending back to November 30, 2011. 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 Macro stands at 24.14, as last reported on the 16th of April 2024, with the highest price reaching 24.14 and the lowest price hitting 24.14 during the day.
If you're considering investing in Guggenheim Mutual Fund, it is important to understand the factors that can impact its price. We consider Guggenheim Macro very steady. Guggenheim Macro Opp holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Guggenheim Macro Opp, which you can use to evaluate the volatility of the entity. Please check out Guggenheim Macro's Market Risk Adjusted Performance of 0.4799, coefficient of variation of 763.5, and Risk Adjusted Performance of 0.0529 to validate if the risk estimate we provide is consistent with the expected return of 0.0203%.
Guggenheim Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Guggenheim |
Sharpe Ratio = 0.1274
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| Negative Returns | GIOAX |
Estimated Market Risk
| 0.16 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Guggenheim Macro is performing at about 9% of its full potential. 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 Macro by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
| LTC | Litecoin | |
| STETH | Staked Ether | |
| LINK | Chainlink |
About Guggenheim Macro Mutual Fund history
Guggenheim Macro 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 Macro Opp 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 Macro stock prices may prove useful in developing a viable investing in Guggenheim Macro
The fund invests in a wide range of fixed-income and other debt and equity securities selected from a variety of sectors and credit qualities, principally corporate bonds, syndicated bank loans and other direct lending opportunities, participations in and assignments of syndicated bank loans, asset-backed securities, U.S. government and agency securities, sovereign debt securities, Eurodollar bonds and obligations, mezzanine and preferred securities, commercial paper, zero-coupon bonds, municipal securities, etc.
Guggenheim Macro Mutual Fund Technical Analysis
Guggenheim Macro 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 Macro Period Price Range
Guggenheim Macro April 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Guggenheim Macro 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 Macro shares will generate the highest return on investment. By undertsting and applying Guggenheim Macro mutual fund market strength indicators, traders can identify Guggenheim Macro Opportunities entry and exit signals to maximize returns
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 24.14 | |||
| Day Typical Price | 24.14 | |||
| Price Action Indicator | (0.02) | |||
| Period Momentum Indicator | (0.04) |
Guggenheim Macro Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Guggenheim Macro'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 | 0.0529 | |||
| Jensen Alpha | 0.0097 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | 0.4699 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guggenheim Macro Opportunities. 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 Macro Opp information on this page should be used as a complementary analysis to other Guggenheim Macro'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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.