Guggenheim Municipal Three Year Return vs. Price to Earning
| GIJPX Fund | USD 11.25 0.01 0.09% |
For Guggenheim Municipal profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Guggenheim Municipal to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Guggenheim Municipal Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Guggenheim Municipal's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Guggenheim Municipal Income over time as well as its relative position and ranking within its peers.
Guggenheim |
Guggenheim Municipal Price to Earning vs. Three Year Return Fundamental Analysis
Guggenheim Price to Earning vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Guggenheim Municipal |
| = | (3.44) % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Guggenheim Municipal | = | null |
Use Guggenheim Municipal in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Guggenheim Municipal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Guggenheim Municipal will appreciate offsetting losses from the drop in the long position's value.Guggenheim Municipal Pair Trading
Guggenheim Municipal Income Pair Trading Analysis
The ability to find closely correlated positions to Guggenheim Municipal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guggenheim Municipal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Guggenheim Municipal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Guggenheim Municipal Income to buy it.
The correlation of Guggenheim Municipal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Guggenheim Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guggenheim Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Guggenheim Municipal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Guggenheim Municipal position
In addition to having Guggenheim Municipal in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Healthcare
Companies that provide healthcare goods and services including hospitals, health maintenance organizations, HMOs, or medical aid manufacturers. The Healthcare theme has 20 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Healthcare Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
To fully project Guggenheim Municipal's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Guggenheim Municipal at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Guggenheim Municipal's income statement, its balance sheet, and the statement of cash flows.