Guggenheim Taxable Municipal Etf Profile
| GBAB Etf | USD 15.58 0.05 0.32% |
Performance0 of 100
| Odds Of DistressOver 58
|
Guggenheim Taxable is trading at 15.58 as of the 29th of April 2024, a -0.32 percent decrease since the beginning of the trading day. The etf's open price was 15.63. Guggenheim Taxable has over 58 % chance of experiencing financial distress in the next 2 years of operation and has generated negative returns for investors over the last 90 days. Equity ratings for Guggenheim Taxable Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of December 2022 and ending today, the 29th of April 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 28th of October 2010 | Classification Financials |
Guggenheim Taxable Municipal Bond Investment Grade Debt Trust is a closed ended fixed income mutual fund launched by Guggenheim Partners, LLC. Guggenheim Taxable is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange. The company has 23.51 M outstanding shares of which 27.62 K shares are currently shorted by private and institutional investors with about 0.43 trading days to cover. More on Guggenheim Taxable Municipal
Moving against Guggenheim Etf
| 0.49 | LU | Lufax Holding Financial Report 27th of May 2024 | PairCorr |
| 0.44 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
| 0.44 | SF | Stifel Financial Normal Trading | PairCorr |
Guggenheim Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Guggenheim Taxable's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Guggenheim Taxable or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Brian Binder |
| Business Concentration | Asset Management & Custody Banks, Financial Services, Financials, Capital Markets, Asset Management, Financial Services (View all Sectors) |
| Average Analyst Recommendation Analysts covering Guggenheim Taxable report their recommendations after researching Guggenheim Taxable's financial statements, talking to executives and customers, or listening in on Guggenheim Taxable's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Guggenheim Taxable. The Guggenheim consensus assessment is calculated by taking the average forecast from all of the analysts covering Guggenheim Taxable. | |
| Total Current Liabilities | 122,635 |
| Total Stockholder Equity | 367.97 Million |
| Currency Code | USD |
| Fiscal Year End | December |
| Begin Period Cash Flow | 537,065 |
| Net Debt | 126.94 Million |
| Accounts Payable | 122,635 |
| Cash | 213,535 |
| Other Operating Expenses | 1.18 Million |
| Non Current Assets Total | 489.49 Million |
| Non Currrent Assets Other | (489.49 Million) |
| Cash And Short Term Investments | 213,535 |
| 50 Day M A | 16.2482 |
| Code | GBAB |
| Common Stock Shares Outstanding | 22.98 Million |
Guggenheim Taxable Municipal [GBAB] is traded in USA and was established null. Guggenheim Taxable is listed under Asset Management & Custody Banks category by Fama And French industry classification. The fund is listed under Financials category and is part of Capital Markets family. Guggenheim Taxable currently have 495.79 M in assets under management (AUM). with the current yeild of 0.1%.
Guggenheim Taxable generates positive cash flow from operations, but has no cash available
Check Guggenheim Taxable Probability Of Bankruptcy
Guggenheim Taxable Target Price Odds Analysis
What are Guggenheim Taxable's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Guggenheim Taxable jumping above the current price in 90 days from now is about 97.0%. The Guggenheim Taxable Municipal probability density function shows the probability of Guggenheim Taxable etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Guggenheim Taxable has a beta of 0.3201. This usually indicates as returns on the market go up, Guggenheim Taxable average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Guggenheim Taxable Municipal will be expected to be much smaller as well. Additionally, guggenheim Taxable Municipal has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Guggenheim Taxable to move above the current price in 90 days from now is about 97.0 (This Guggenheim Taxable Municipal probability density function shows the probability of Guggenheim Etf to fall within a particular range of prices over 90 days) .
Guggenheim Taxable Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Guggenheim Taxable market risk premium is the additional return an investor will receive from holding Guggenheim Taxable long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Guggenheim Taxable. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Guggenheim Taxable's alpha and beta are two of the key measurements used to evaluate Guggenheim Taxable's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.16) |
Guggenheim Taxable Against Markets
Picking the right benchmark for Guggenheim Taxable etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Guggenheim Taxable etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Guggenheim Taxable is critical whether you are bullish or bearish towards Guggenheim Taxable Municipal at a given time. Please also check how Guggenheim Taxable's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Guggenheim Taxable without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Guggenheim Etf?
Before investing in Guggenheim Taxable, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Guggenheim Taxable. To buy Guggenheim Taxable etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Guggenheim Taxable. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Guggenheim Taxable etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Guggenheim Taxable Municipal etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Guggenheim Taxable Municipal etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Guggenheim Taxable Municipal, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Guggenheim Taxable Municipal?
The danger of trading Guggenheim Taxable Municipal is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Guggenheim Taxable is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Guggenheim Taxable. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Guggenheim Taxable is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guggenheim Taxable Municipal. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Guggenheim Taxable information on this page should be used as a complementary analysis to other Guggenheim Taxable'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 the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
The market value of Guggenheim Taxable is measured differently than its book value, which is the value of Guggenheim that is recorded on the company's balance sheet. Investors also form their own opinion of Guggenheim Taxable's value that differs from its market value or its book value, called intrinsic value, which is Guggenheim Taxable's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Guggenheim Taxable's market value can be influenced by many factors that don't directly affect Guggenheim Taxable's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Guggenheim Taxable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guggenheim Taxable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guggenheim Taxable'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.