Guggenheim Alpha Opportunity Fund Price on February 22, 2024
| SAOCX Fund | USD 18.82 0.11 0.59% |
Below is the normalized historical share price chart for Guggenheim Alpha Opportunity extending back to October 06, 2014. 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 Alpha stands at 18.82, as last reported on the 3rd of May, with the highest price reaching 18.82 and the lowest price hitting 18.82 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 Alpha very steady. Guggenheim Alpha Opp holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Guggenheim Alpha Opp, which you can use to evaluate the volatility of the entity. Please check out Guggenheim Alpha's Risk Adjusted Performance of 0.0741, downside deviation of 0.4439, and Market Risk Adjusted Performance of 0.3151 to validate if the risk estimate we provide is consistent with the expected return of 0.063%.
Guggenheim Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Guggenheim |
Sharpe Ratio = 0.1455
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| Cash | SAOCX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.43 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Guggenheim Alpha is performing at about 11% 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 Alpha by adding it to a well-diversified portfolio.
Guggenheim Alpha Valuation on February 22, 2024
It is possible to determine the worth of Guggenheim Alpha on a given historical date. On February 22, 2024 Guggenheim was worth 17.81 at the beginning of the trading date compared to the closed value of 17.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Guggenheim Alpha mutual fund. Still, in general, we apply an absolute valuation method to find Guggenheim Alpha'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 Alpha where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Guggenheim Alpha's related companies.
| Open | High | Low | Close | Volume | |
| 17.87 | 17.87 | 17.87 | 17.87 | 1.00 | |
02/22/2024 | 17.81 | 17.81 | 17.81 | 17.81 | 1.00 |
| 18.05 | 18.05 | 18.05 | 18.05 | 1.00 |
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Guggenheim Alpha Trading Date Momentum on February 22, 2024
| On February 23 2024 Guggenheim Alpha Opportunity was traded for 18.05 at the closing time. The highest daily price throughout the period was 18.05 and the lowest price was 18.05 . There was no trading activity during the period 1.0. Lack of trading volume on 02/23/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 1.35% . The overall trading delta to current closing price is 2.36% . |
Guggenheim Alpha Opp Fundamentals Correlations and Trends
By evaluating Guggenheim Alpha'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 Alpha'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 Alpha Mutual Fund history
Guggenheim Alpha 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 Alpha 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 Alpha stock prices may prove useful in developing a viable investing in Guggenheim Alpha
The fund pursues its objective by investing, under normal market conditions, in long and short positions of domestic equity and equity-related securities. It may invest in domestic equity securities, including small-, mid-, and large-capitalization securities. The fund also may invest in derivative instruments, including swaps on selected baskets of equity securities, to enable the fund to pursue its investment objective without investing directly in the securities of companies to which the fund is seeking exposure.
Guggenheim Alpha Mutual Fund Technical Analysis
Guggenheim Alpha 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 Alpha Period Price Range
Low | February 22, 2024
| High |
17.81 | 17.81 |
Guggenheim Alpha May 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Guggenheim Alpha 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 Alpha shares will generate the highest return on investment. By undertsting and applying Guggenheim Alpha mutual fund market strength indicators, traders can identify Guggenheim Alpha Opportunity entry and exit signals to maximize returns
Guggenheim Alpha Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Guggenheim Alpha'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 | 0.0741 | |||
| Jensen Alpha | 0.0362 | |||
| Total Risk Alpha | 0.0126 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.3051 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Guggenheim Alpha Opportunity. 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 main economic indicators. Note that the Guggenheim Alpha Opp information on this page should be used as a complementary analysis to other Guggenheim Alpha'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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.