Guggenheim Taxable Municipal Etf Beta
| GBAB Etf | USD 15.53 0.01 0.06% |
Guggenheim Taxable Municipal fundamentals help investors to digest information that contributes to Guggenheim Taxable's financial success or failures. It also enables traders to predict the movement of Guggenheim Etf. The fundamental analysis module provides a way to measure Guggenheim Taxable's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Guggenheim Taxable etf.
Guggenheim |
Guggenheim Taxable Municipal ETF Beta Analysis
Guggenheim Taxable's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Guggenheim Taxable Beta | -0.01 |
Most of Guggenheim Taxable's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Guggenheim Taxable Municipal is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Guggenheim Taxable Municipal has a Beta of -0.01. This is much lower than that of the Capital Markets family and significantly lower than that of the Financials category. The beta for all United States etfs is notably higher than that of the company.
Guggenheim Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Guggenheim Taxable's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Guggenheim Taxable could also be used in its relative valuation, which is a method of valuing Guggenheim Taxable by comparing valuation metrics of similar companies.Guggenheim Taxable is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, returns on owning Guggenheim Taxable are expected to decrease at a much lower rate. During the bear market, Guggenheim Taxable is likely to outperform the market.
Guggenheim Fundamentals
| Shares Outstanding | 26.71 M | ||||
| Shares Owned By Institutions | 22.93 % | ||||
| Number Of Shares Shorted | 27.62 K | ||||
| Price To Earning | 9.55 X | ||||
| Price To Book | 1.00 X | ||||
| Price To Sales | 8.77 X | ||||
| Revenue | 22.52 M | ||||
| EBITDA | 29.43 M | ||||
| Net Income | 21.61 M | ||||
| Total Debt | 119.22 M | ||||
| Cash Flow From Operations | 14.74 M | ||||
| Short Ratio | 0.43 X | ||||
| Earnings Per Share | 1.96 X | ||||
| Beta | -0.01 | ||||
| Market Capitalization | 414.8 M | ||||
| Total Asset | 510.47 M | ||||
| Retained Earnings | (66.89 M) | ||||
| Annual Yield | 0.10 % | ||||
| Five Year Return | 6.76 % | ||||
| Net Asset | 510.47 M |
About Guggenheim Taxable Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Guggenheim Taxable Municipal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Guggenheim Taxable using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Guggenheim Taxable Municipal based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Guggenheim Taxable financial ratios help investors to determine whether Guggenheim Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Guggenheim with respect to the benefits of owning Guggenheim Taxable security.