Guggenheim Macro Opportunities Fund Market Value

GIOPX Fund  USD 24.33  0.01  0.04%   
Guggenheim Macro's market value is the price at which a share of Guggenheim Macro trades on a public exchange. It measures the collective expectations of Guggenheim Macro Opportunities investors about its performance. Guggenheim Macro is trading at 23.96 as of the 29th of March 2024; that is -0.08 percent decrease since the beginning of the trading day. The fund's open price was 24.34.
With this module, you can estimate the performance of a buy and hold strategy of Guggenheim Macro Opportunities and determine expected loss or profit from investing in Guggenheim Macro over a given investment horizon. Check out Guggenheim Macro Correlation, Guggenheim Macro Volatility and Guggenheim Macro Alpha and Beta module to complement your research on Guggenheim Macro.
Symbol

Please note, there is a significant difference between Guggenheim Macro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guggenheim Macro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guggenheim Macro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Guggenheim Macro '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 Macro'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 Macro.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in Guggenheim Macro on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Guggenheim Macro Opportunities or generate 0.0% return on investment in Guggenheim Macro over 30 days. Guggenheim Macro is related to or competes with Eagle Mlp, Calvert Emerging, Vanguard Lifestrategy, Aqr Tm, Investec Emerging, Black Oak, and Vy Jpmorgan. The investment seeks to provide total return, comprised of current income and capital appreciation More

Guggenheim Macro 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 Macro'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 Macro Opportunities upside and downside potential and time the market with a certain degree of confidence.

Guggenheim Macro Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim Macro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim Macro's standard deviation. In reality, there are many statistical measures that can use Guggenheim Macro historical prices to predict the future Guggenheim Macro's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Guggenheim Macro'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.
Hype
Prediction
LowEstimatedHigh
24.1824.3324.48
Details
Intrinsic
Valuation
LowRealHigh
22.1922.3426.76
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Guggenheim Macro. Your research has to be compared to or analyzed against Guggenheim Macro's peers to derive any actionable benefits. When done correctly, Guggenheim Macro's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Guggenheim Macro Opp.

Guggenheim Macro Opp Backtested Returns

We consider Guggenheim Macro very steady. Guggenheim Macro 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-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 (1.57), risk adjusted performance of 0.0568, and Coefficient Of Variation of 666.77 to validate if the risk estimate we provide is consistent with the expected return of 0.0228%. The fund retains a Market Volatility (i.e., Beta) of -0.0081, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guggenheim Macro are expected to decrease at a much lower rate. During the bear market, Guggenheim Macro is likely to outperform the market.

Auto-correlation

    
  0.90  

Excellent predictability

Guggenheim Macro Opportunities has excellent predictability. Overlapping area represents the amount of predictability between Guggenheim Macro time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 Macro Opp price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Guggenheim Macro price fluctuation can be explain by its past prices.
Correlation Coefficient0.9
Spearman Rank Test0.79
Residual Average0.0
Price Variance0.0

Guggenheim Macro Opp lagged returns against current returns

Autocorrelation, which is Guggenheim Macro 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 Macro's mutual fund expected returns. We can calculate the autocorrelation of Guggenheim Macro returns to help us make a trade decision. For example, suppose you find that Guggenheim Macro 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 Macro 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 Macro mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guggenheim Macro 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 Macro mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Guggenheim Macro Lagged Returns

When evaluating Guggenheim Macro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guggenheim Macro mutual fund have on its future price. Guggenheim Macro 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 Macro autocorrelation shows the relationship between Guggenheim Macro mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guggenheim Macro Opportunities.
   Regressed Prices   
       Timeline  

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Check out Guggenheim Macro Correlation, Guggenheim Macro Volatility and Guggenheim Macro Alpha and Beta module to complement your research on Guggenheim Macro.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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When running Guggenheim Macro's price analysis, check to measure Guggenheim Macro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Guggenheim Macro is operating at the current time. Most of Guggenheim Macro's value examination focuses on studying past and present price action to predict the probability of Guggenheim Macro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Guggenheim Macro's price. Additionally, you may evaluate how the addition of Guggenheim Macro to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of Guggenheim Macro technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Guggenheim Macro trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...