Guggenheim Macro Opportunities Fund Technical Analysis
| GIOPX Fund | USD 24.12 0.03 0.12% |
As of the 18th of April 2024, Guggenheim Macro retains the Downside Deviation of 0.168, market risk adjusted performance of 0.131, and Risk Adjusted Performance of 0.0233. Guggenheim Macro technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Guggenheim Macro Opp, which can be compared to its competitors. Please check out Guggenheim Macro Opp semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to decide if Guggenheim Macro is priced fairly, providing market reflects its last-minute price of 24.12 per share.
Guggenheim Macro Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Guggenheim, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GuggenheimGuggenheim |
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.
Guggenheim Macro Opp Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Guggenheim Macro Opp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Guggenheim Macro Opp Trend Analysis
Use this graph to draw trend lines for Guggenheim Macro Opportunities. You can use it to identify possible trend reversals for Guggenheim Macro as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Guggenheim Macro price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Guggenheim Macro Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Guggenheim Macro Opportunities applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Guggenheim Macro Opportunities will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.52, which is the sum of squared deviations for the predicted Guggenheim Macro price change compared to its average price change.About Guggenheim Macro Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Guggenheim Macro Opportunities on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Guggenheim Macro Opportunities based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Guggenheim Macro Opp price pattern first instead of the macroeconomic environment surrounding Guggenheim Macro Opp. By analyzing Guggenheim Macro's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Guggenheim Macro's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Guggenheim Macro specific price patterns or momentum indicators. Please read more on our technical analysis page.
Guggenheim Macro April 18, 2024 Technical Indicators
Most technical analysis of Guggenheim help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Guggenheim from various momentum indicators to cycle indicators. When you analyze Guggenheim charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0233 | |||
| Market Risk Adjusted Performance | 0.131 | |||
| Mean Deviation | 0.1072 | |||
| Semi Deviation | 0.0618 | |||
| Downside Deviation | 0.168 | |||
| Coefficient Of Variation | 1197.27 | |||
| Standard Deviation | 0.1602 | |||
| Variance | 0.0256 | |||
| Information Ratio | (0.26) | |||
| Jensen Alpha | 0.0021 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.25) | |||
| Treynor Ratio | 0.121 | |||
| Maximum Drawdown | 1.0 | |||
| Value At Risk | (0.25) | |||
| Potential Upside | 0.2096 | |||
| Downside Variance | 0.0282 | |||
| Semi Variance | 0.0038 | |||
| Expected Short fall | (0.14) | |||
| Skewness | 0.6257 | |||
| Kurtosis | 3.17 |
Guggenheim Macro Opp One Year Return
Based on the recorded statements, Guggenheim Macro Opportunities has an One Year Return of 6.9222%. This is 146.34% higher than that of the Guggenheim Investments family and significantly higher than that of the Nontraditional Bond category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.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 american community survey. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.