Guggenheim Mutual Fund Volatility

GIJIX -  USA Fund  

USD 13.59  0.00  0.00%

We consider Guggenheim Municipal very steady. Guggenheim Municipal holds Efficiency (Sharpe) Ratio of 0.0118, which attests that the entity had 0.0118% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Guggenheim Municipal, which you can use to evaluate the future volatility of the entity. Please check out Guggenheim Municipal Market Risk Adjusted Performance of (1.25), downside deviation of 0.1104, and Risk Adjusted Performance of (0.06) to validate if the risk estimate we provide is consistent with the expected return of 0.0013%.

Search Volatility 

 
Refresh
Guggenheim Municipal Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Guggenheim daily returns, and it is calculated using variance and standard deviation. We also use Guggenheim's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Guggenheim Municipal volatility.

60 Days Market Risk

Very steady

Chance of Distress

Very Small

60 Days Economic Sensitivity

Barely shadows the market

Guggenheim Municipal Market Sensitivity And Downside Risk

Guggenheim Municipal's beta coefficient measures the volatility of Guggenheim mutual fund compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Guggenheim mutual fund's returns against your selected market. In other words, Guggenheim Municipal's beta of 0.0079 provides an investor with an approximation of how much risk Guggenheim Municipal mutual fund can potentially add to one of your existing portfolios.
Let's try to break down what Guggenheim's beta means in this case. As returns on the market increase, Guggenheim Municipal returns are expected to increase less than the market. However, during the bear market, the loss on holding Guggenheim Municipal will be expected to be smaller as well.
3 Months Beta |Analyze Guggenheim Municipal Demand Trend
Check current 90 days Guggenheim Municipal correlation with market (DOW)

Guggenheim Beta

    
  0.0079  
Guggenheim standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  0.11  
It is essential to understand the difference between upside risk (as represented by Guggenheim Municipal's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Guggenheim Municipal stock's daily returns or price. Since the actual investment returns on holding a position in Guggenheim Municipal stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Guggenheim Municipal.

Guggenheim Municipal Mutual Fund Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Guggenheim Municipal Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Guggenheim Municipal Projected Return Density Against Market

Assuming the 90 days horizon Guggenheim Municipal has a beta of 0.0079 . This usually indicates as returns on the market go up, Guggenheim Municipal average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Guggenheim Municipal Income will be expected to be much smaller as well.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Guggenheim Municipal or Guggenheim Investments sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Guggenheim Municipal stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Guggenheim stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Guggenheim Municipal is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

Guggenheim Municipal Mutual Fund Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Guggenheim Municipal or Guggenheim Investments sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Guggenheim Municipal stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Guggenheim stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Assuming the 90 days horizon the coefficient of variation of Guggenheim Municipal is 8505.01. The daily returns are distributed with a variance of 0.01 and standard deviation of 0.11. The mean deviation of Guggenheim Municipal Income is currently at 0.08. For similar time horizon, the selected benchmark (DOW) has volatility of 0.69
α
Alpha over DOW
-0.01
β
Beta against DOW0.0079
σ
Overall volatility
0.11
Ir
Information ratio -0.41

Guggenheim Municipal Mutual Fund Return Volatility

Guggenheim Municipal historical daily return volatility represents how much Guggenheim Municipal stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The fund shows 0.1074% volatility of returns over 90 . By contrast, DOW inherits 0.7356% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Guggenheim Municipal Volatility

Volatility is a rate at which the price of Guggenheim Municipal or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Guggenheim Municipal may increase or decrease. In other words, similar to Guggenheim's beta indicator, it measures the risk of Guggenheim Municipal and helps estimate the fluctuations that may happen in a short period of time. So if prices of Guggenheim Municipal fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
The investment seeks to provide current income with an emphasis on income exempt from federal income tax, while also considering capital appreciation. Guggenheim Municipal is traded on NASDAQ Exchange in the United States.

Guggenheim Municipal Investment Opportunity

DOW has a standard deviation of returns of 0.74 and is 6.73 times more volatile than Guggenheim Municipal Income. of all equities and portfolios are less risky than Guggenheim Municipal. Compared to the overall equity markets, volatility of historical daily returns of Guggenheim Municipal Income is lower than 0 () of all global equities and portfolios over the last 90 days. Use Guggenheim Municipal Income to protect your portfolios against small market fluctuations. The mutual fund experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Guggenheim Municipal to be traded at $13.45 in 90 days. . Let's try to break down what Guggenheim's beta means in this case. As returns on the market increase, Guggenheim Municipal returns are expected to increase less than the market. However, during the bear market, the loss on holding Guggenheim Municipal will be expected to be smaller as well.

Significant diversification

The correlation between Guggenheim Municipal Income and DJI is Significant diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Municipal Income and DJI in the same portfolio assuming nothing else is changed.

Guggenheim Municipal Additional Risk Indicators

The analysis of Guggenheim Municipal's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Guggenheim Municipal's investment and either accepting that risk or mitigating it. Along with some common measures of Guggenheim Municipal stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance(0.06)
Market Risk Adjusted Performance(1.25)
Mean Deviation0.0777
Semi Deviation0.0839
Downside Deviation0.1104
Coefficient Of Variation191984.08
Standard Deviation0.1059
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Guggenheim Municipal Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
Alphabet vs. Guggenheim Municipal
Total Bond vs. Guggenheim Municipal
Butterfly Network vs. Guggenheim Municipal
Coinbase Global vs. Guggenheim Municipal
Palantir Technologies vs. Guggenheim Municipal
Sofi Technologies vs. Guggenheim Municipal
Real Estate vs. Guggenheim Municipal
Bitcoin Invt vs. Guggenheim Municipal
Quantum Si vs. Guggenheim Municipal
Disney vs. Guggenheim Municipal
Vanguard Value vs. Guggenheim Municipal
Microsoft Corp vs. Guggenheim Municipal
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Guggenheim Municipal as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Guggenheim Municipal's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Guggenheim Municipal's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Guggenheim Municipal Income.
Please check Risk vs Return Analysis. Note that the Guggenheim Municipal information on this page should be used as a complementary analysis to other Guggenheim Municipal'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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Guggenheim Mutual Fund analysis

When running Guggenheim Municipal price analysis, check to measure Guggenheim Municipal'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 Municipal is operating at the current time. Most of Guggenheim Municipal's value examination focuses on studying past and present price action to predict the probability of Guggenheim Municipal's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Guggenheim Municipal's price. Additionally, you may evaluate how the addition of Guggenheim Municipal to your portfolios can decrease your overall portfolio volatility.
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Please note, there is a significant difference between Guggenheim Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine Guggenheim Municipal value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guggenheim Municipal'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.