The historical rank and industry rank for Guggenheim Active Allocation Fund's Return-on-Tangible-Equity or its related term are showing as below:
GUG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.3 Med: 5.85 Max: 14.78
Current: 14.78
During the past 3 years, Guggenheim Active Allocation Fund's highest Return-on-Tangible-Equity was 14.78%. The lowest was -1.30%. And the median was 5.85%.
GUG's Return-on-Tangible-Equity is ranked better than 75.67% of 1636
companies
in the Asset Management industry
Industry Median: 6.97
vs GUG: 14.78
Guggenheim Active Allocation Fund Return-on-Tangible-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Guggenheim Active Allocation Fund Return-on-Tangible-Equity Chart
Guggenheim Active Allocation Fund Annual Data
Trend
May22
May23
May24
Return-on-Tangible-Equity
-
-1.30
13.00
Guggenheim Active Allocation Fund Semi-Annual Data
Competitive Comparison of Guggenheim Active Allocation Fund's Return-on-Tangible-Equity
For the Asset Management subindustry, Guggenheim Active Allocation Fund's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Guggenheim Active Allocation Fund's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Guggenheim Active Allocation Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Guggenheim Active Allocation Fund's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Nov. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Guggenheim Active Allocation Fund (NYSE:GUG) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Guggenheim Active Allocation Fund Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Guggenheim Active Allocation Fund's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Guggenheim Active Allocation Fund Business Description
Guggenheim Active Allocation Fund is a diversified closed-end management investment company. The fund's investment objective is to maximize total return through a combination of current income and capital appreciation. The company invests in both fixed-income and other debt instruments selected from a variety of sectors and credit qualities, and may also invest in equities. It uses tactical asset allocation models to determine the optimal allocation of its assets between fixed-income and equity securities. A majority of its investments are made in corporate bonds and the rest in senior floating rate interests, asset-backed securities, preferred stocks, and other securities.
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