Guggenheim Limited Duration Fund Market Value
| GIKRX Fund | USD 23.94 0.02 0.08% |
| Symbol | Guggenheim |
Guggenheim Limited '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 Limited'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 Limited.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Guggenheim Limited on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Guggenheim Limited Duration or generate 0.0% return on investment in Guggenheim Limited over 30 days. Guggenheim Limited is related to or competes with Guggenheim Macro, Guggenheim Total, Guggenheim Floating, Lord Abbett, and Performance Trust. The advisor intends to pursue the funds investment objective by investing at least 80 percent of its assets in a diversified portfolio of debt securities, financial instruments that should perform similarly to debt securities and investment vehicles that provide exposure to debt securities, and debt-like securities, including individual securities, investment vehicles and derivatives giving exposure to fixed-income markets. More
Guggenheim Limited 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 Limited'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 Limited Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1506 | |||
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.0 | |||
| Value At Risk | (0.17) | |||
| Potential Upside | 0.1676 |
Guggenheim Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim Limited's standard deviation. In reality, there are many statistical measures that can use Guggenheim Limited historical prices to predict the future Guggenheim Limited's volatility.| Risk Adjusted Performance | 5.0E-4 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.40) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Guggenheim Limited'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 Limited Backtested Returns
We consider Guggenheim Limited very steady. Guggenheim Limited holds Efficiency (Sharpe) Ratio of 0.072, which attests that the entity had a 0.072% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Guggenheim Limited, which you can use to evaluate the volatility of the entity. Please check out Guggenheim Limited's Downside Deviation of 0.1506, market risk adjusted performance of (0.03), and Risk Adjusted Performance of 5.0E-4 to validate if the risk estimate we provide is consistent with the expected return of 0.0108%. The fund retains a Market Volatility (i.e., Beta) of 0.0591, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guggenheim Limited's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guggenheim Limited is expected to be smaller as well.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Guggenheim Limited Duration has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Guggenheim Limited time series from 20th of March 2024 to 4th of April 2024 and 4th of April 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 Limited price movement. The serial correlation of -0.71 indicates that around 71.0% of current Guggenheim Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Guggenheim Limited lagged returns against current returns
Autocorrelation, which is Guggenheim Limited 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 Limited's mutual fund expected returns. We can calculate the autocorrelation of Guggenheim Limited returns to help us make a trade decision. For example, suppose you find that Guggenheim Limited 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 Limited 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 Limited mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guggenheim Limited 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 Limited mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guggenheim Limited Lagged Returns
When evaluating Guggenheim Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guggenheim Limited mutual fund have on its future price. Guggenheim Limited 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 Limited autocorrelation shows the relationship between Guggenheim Limited mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guggenheim Limited Duration.
Regressed Prices |
| Timeline |
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Guggenheim Limited 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.