Guggenheim World Equity Fund Market Value

SEWIX Fund  USD 16.37  0.06  0.37%   
Guggenheim World's market value is the price at which a share of Guggenheim World trades on a public exchange. It measures the collective expectations of Guggenheim World Equity investors about its performance. Guggenheim World is trading at 16.37 as of the 28th of March 2024; that is 0.37% increase since the beginning of the trading day. The fund's open price was 16.31.
With this module, you can estimate the performance of a buy and hold strategy of Guggenheim World Equity and determine expected loss or profit from investing in Guggenheim World over a given investment horizon. Check out Guggenheim World Correlation, Guggenheim World Volatility and Guggenheim World Alpha and Beta module to complement your research on Guggenheim World.
Symbol

Please note, there is a significant difference between Guggenheim World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guggenheim World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guggenheim World'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 World '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 World'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 World.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/28/2024
0.00
If you would invest  0.00  in Guggenheim World on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Guggenheim World Equity or generate 0.0% return on investment in Guggenheim World over 720 days. Guggenheim World is related to or competes with Franklin Mutual, Franklin Mutual, T Rowe, Franklin Mutual, and Franklin Mutual. The fund will invest at least 80 percent of its assets in equity securities More

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

Guggenheim World Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guggenheim World's standard deviation. In reality, there are many statistical measures that can use Guggenheim World historical prices to predict the future Guggenheim World's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Guggenheim World's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
15.8516.3716.89
Details
Intrinsic
Valuation
LowRealHigh
15.5316.0516.57
Details
Naive
Forecast
LowNextHigh
15.8516.3616.88
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.2916.3416.39
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Guggenheim World. Your research has to be compared to or analyzed against Guggenheim World's peers to derive any actionable benefits. When done correctly, Guggenheim World's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Guggenheim World Equity.

Guggenheim World Equity Backtested Returns

We consider Guggenheim World very steady. Guggenheim World Equity holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Guggenheim World Equity, which you can use to evaluate the volatility of the entity. Please check out Guggenheim World's Risk Adjusted Performance of 0.129, market risk adjusted performance of (16.01), and Downside Deviation of 0.5659 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The fund retains a Market Volatility (i.e., Beta) of -0.0073, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guggenheim World are expected to decrease at a much lower rate. During the bear market, Guggenheim World is likely to outperform the market.

Auto-correlation

    
  0.10  

Insignificant predictability

Guggenheim World Equity has insignificant predictability. Overlapping area represents the amount of predictability between Guggenheim World time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 World Equity price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Guggenheim World price fluctuation can be explain by its past prices.
Correlation Coefficient0.1
Spearman Rank Test-0.15
Residual Average0.0
Price Variance0.6

Guggenheim World Equity lagged returns against current returns

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

Guggenheim World Lagged Returns

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

Currently Active Assets on Macroaxis

Check out Guggenheim World Correlation, Guggenheim World Volatility and Guggenheim World Alpha and Beta module to complement your research on Guggenheim World.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Guggenheim Mutual Fund analysis

When running Guggenheim World's price analysis, check to measure Guggenheim World'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 World is operating at the current time. Most of Guggenheim World's value examination focuses on studying past and present price action to predict the probability of Guggenheim World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Guggenheim World's price. Additionally, you may evaluate how the addition of Guggenheim World to your portfolios can decrease your overall portfolio volatility.
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Money Managers
Screen money managers from public funds and ETFs managed around the world
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Global Correlations
Find global opportunities by holding instruments from different markets
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Guggenheim World technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Guggenheim World technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Guggenheim World trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...