Guidepath Income One Year Return vs. Year To Date Return
| GPINX Fund | USD 8.60 0.03 0.35% |
For Guidepath Income profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Guidepath Income to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Guidepath Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Guidepath Income's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Guidepath Income over time as well as its relative position and ranking within its peers.
Guidepath |
Guidepath Income Year To Date Return vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Guidepath Income's current stock value. Our valuation model uses many indicators to compare Guidepath Income value to that of its competitors to determine the firm's financial worth. Guidepath Income is one of the top funds in one year return among similar funds. It also is one of the top funds in year to date return among similar funds creating about 0.82 of Year To Date Return per One Year Return. The ratio of One Year Return to Year To Date Return for Guidepath Income is roughly 1.22 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Guidepath Income's earnings, one of the primary drivers of an investment's value.Guidepath Year To Date Return vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Guidepath Income |
| = | 6.42 % |
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.
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Guidepath Income |
| = | 5.27 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Guidepath Year To Date Return Comparison
Guidepath Income is currently under evaluation in year to date return among similar funds.
Guidepath Income Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Guidepath Income, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Guidepath Income will eventually generate negative long term returns. The profitability progress is the general direction of Guidepath Income's change in net profit over the period of time. It can combine multiple indicators of Guidepath Income, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests primarily in a portfolio of actively and passively managed registered mutual funds, exchange-traded funds and closed-end funds, in addition to direct investments in securities and certain derivatives. The funds in which it may invest are referred to herein as the underlying funds. The advisor believes that investing in underlying funds provides the fund with an efficient means of creating a portfolio that provides investors with indirect exposure to a broad range of investments.
Guidepath Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Guidepath Income. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Guidepath Income position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Guidepath Income's important profitability drivers and their relationship over time.
Use Guidepath Income 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 Guidepath Income 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 Guidepath Income will appreciate offsetting losses from the drop in the long position's value.Guidepath Income Pair Trading
Guidepath Income Pair Trading Analysis
The ability to find closely correlated positions to Guidepath Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guidepath Income 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 Guidepath Income - 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 Guidepath Income to buy it.
The correlation of Guidepath Income 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 Guidepath Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guidepath Income 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 Guidepath Income 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 Guidepath Income position
In addition to having Guidepath Income 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?
Run Software Thematic Idea Now
Software
Companies that develop and distribute software and software systems to individuals or business. The Software theme has 40 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 Software Theme or any other thematic opportunities.
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Other Information on Investing in Guidepath Mutual Fund
To fully project Guidepath Income's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Guidepath Income 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 Guidepath Income's income statement, its balance sheet, and the statement of cash flows.
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