Guggenheim Floating Rate Fund Market Value

GIFIX Fund  USD 24.26  0.00  0.00%   
Guggenheim Floating's market value is the price at which a share of Guggenheim Floating trades on a public exchange. It measures the collective expectations of Guggenheim Floating Rate investors about its performance. Guggenheim Floating is trading at 24.26 as of the 5th of December 2024; that is No Change since the beginning of the trading day. The fund's open price was 24.26.
With this module, you can estimate the performance of a buy and hold strategy of Guggenheim Floating Rate and determine expected loss or profit from investing in Guggenheim Floating over a given investment horizon. Check out Guggenheim Floating Correlation, Guggenheim Floating Volatility and Guggenheim Floating Alpha and Beta module to complement your research on Guggenheim Floating.
Symbol

Please note, there is a significant difference between Guggenheim Floating's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guggenheim Floating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guggenheim Floating'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 Floating '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 Floating'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 Floating.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/05/2024
0.00
If you would invest  0.00  in Guggenheim Floating on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding Guggenheim Floating Rate or generate 0.0% return on investment in Guggenheim Floating over 720 days. Guggenheim Floating is related to or competes with Dunham Large, Touchstone Large, Fidelity Series, Avantis Us, and American Mutual. The fund normally invests at least 80 percent of its assets in floating rate senior secured syndicated bank loans, floating rate revolving credit facilities, floating rate unsecured loans, floating rate asset backed securities, other floating rate bonds, loans, notes and other securities, fixed income instruments, and derivative instruments that provide exposure to floating rate or variable rate loans, obligations or other securities. More

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

Guggenheim Floating Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim Floating's standard deviation. In reality, there are many statistical measures that can use Guggenheim Floating historical prices to predict the future Guggenheim Floating's volatility.
Hype
Prediction
LowEstimatedHigh
24.1424.2624.38
Details
Intrinsic
Valuation
LowRealHigh
22.1622.2826.69
Details
Naive
Forecast
LowNextHigh
24.1024.2224.34
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
24.2324.2424.25
Details

Guggenheim Floating Rate Backtested Returns

At this stage we consider Guggenheim Mutual Fund to be very steady. Guggenheim Floating Rate holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Guggenheim Floating Rate, which you can use to evaluate the volatility of the entity. Please check out Guggenheim Floating's Coefficient Of Variation of 609.98, market risk adjusted performance of 3.2, and Risk Adjusted Performance of 0.0671 to validate if the risk estimate we provide is consistent with the expected return of 0.0225%. The fund retains a Market Volatility (i.e., Beta) of 0.0028, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guggenheim Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guggenheim Floating is expected to be smaller as well.

Auto-correlation

    
  0.95  

Excellent predictability

Guggenheim Floating Rate has excellent predictability. Overlapping area represents the amount of predictability between Guggenheim Floating time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 to 5th of December 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 Floating Rate price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Guggenheim Floating price fluctuation can be explain by its past prices.
Correlation Coefficient0.95
Spearman Rank Test0.97
Residual Average0.0
Price Variance0.2

Guggenheim Floating Rate lagged returns against current returns

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

Guggenheim Floating Lagged Returns

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

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Other Information on Investing in Guggenheim Mutual Fund

Guggenheim Floating financial ratios help investors to determine whether Guggenheim Mutual Fund 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 Floating security.
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