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Guggenheim Strategic Opportunities Fund (Guggenheim Strategic Opportunities Fund) Piotroski F-Score : 7 (As of May. 04, 2024)


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What is Guggenheim Strategic Opportunities Fund Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Guggenheim Strategic Opportunities Fund has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Guggenheim Strategic Opportunities Fund's Piotroski F-Score or its related term are showing as below:

GOF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 7

During the past 7 years, the highest Piotroski F-Score of Guggenheim Strategic Opportunities Fund was 7. The lowest was 1. And the median was 4.


Guggenheim Strategic Opportunities Fund Piotroski F-Score Historical Data

The historical data trend for Guggenheim Strategic Opportunities Fund's Piotroski F-Score can be seen below:

* 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 Strategic Opportunities Fund Piotroski F-Score Chart

Guggenheim Strategic Opportunities Fund Annual Data
Trend May17 May18 May19 May20 May21 May22 May23
Piotroski F-Score
Get a 7-Day Free Trial 3.00 1.00 4.00 5.00 7.00

Guggenheim Strategic Opportunities Fund Semi-Annual Data
May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 5.00 - 7.00 -

Competitive Comparison of Guggenheim Strategic Opportunities Fund's Piotroski F-Score

For the Asset Management subindustry, Guggenheim Strategic Opportunities Fund's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Strategic Opportunities Fund's Piotroski F-Score Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Guggenheim Strategic Opportunities Fund's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Guggenheim Strategic Opportunities Fund's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* 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.

This Year (May23) TTM:Last Year (May22) TTM:
Net Income was $-16.5 Mil.
Cash Flow from Operations was $137.5 Mil.
Revenue was $-14.3 Mil.
Average Total Assets from the begining of this year (May22)
to the end of this year (May23) was (2003.82 + 1842.693) / 2 = $1923.2565 Mil.
Total Assets at the begining of this year (May22) was $2,003.8 Mil.
Long-Term Debt & Capital Lease Obligation was $343.8 Mil.
Total Assets was $1,842.7 Mil.
Total Liabilities was $369.0 Mil.
Net Income was $-127.1 Mil.

Revenue was $-125.7 Mil.
Average Total Assets from the begining of last year (May21)
to the end of last year (May22) was (1432.082 + 2003.82) / 2 = $1717.951 Mil.
Total Assets at the begining of last year (May21) was $1,432.1 Mil.
Long-Term Debt & Capital Lease Obligation was $478.1 Mil.
Total Assets was $2,003.8 Mil.
Total Liabilities was $511.2 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Guggenheim Strategic Opportunities Fund's current Net Income (TTM) was -16.5. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Guggenheim Strategic Opportunities Fund's current Cash Flow from Operations (TTM) was 137.5. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (May22)
=-16.457/2003.82
=-0.00821281

ROA (Last Year)=Net Income/Total Assets (May21)
=-127.149/1432.082
=-0.08878612

Guggenheim Strategic Opportunities Fund's return on assets of this year was -0.00821281. Guggenheim Strategic Opportunities Fund's return on assets of last year was -0.08878612. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Guggenheim Strategic Opportunities Fund's current Net Income (TTM) was -16.5. Guggenheim Strategic Opportunities Fund's current Cash Flow from Operations (TTM) was 137.5. ==> 137.5 > -16.5 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: May23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May22 to May23
=343.845/1923.2565
=0.17878271

Gearing (Last Year: May22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May21 to May22
=478.088/1717.951
=0.27828966

Guggenheim Strategic Opportunities Fund's gearing of this year was 0.17878271. Guggenheim Strategic Opportunities Fund's gearing of last year was 0.27828966. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: May23)=Total Assets/Total Liabilities
=1842.693/368.999
=4.9937615

Current Ratio (Last Year: May22)=Total Assets/Total Liabilities
=2003.82/511.205
=3.91979734

Guggenheim Strategic Opportunities Fund's current ratio of this year was 4.9937615. Guggenheim Strategic Opportunities Fund's current ratio of last year was 3.91979734. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Guggenheim Strategic Opportunities Fund's number of shares in issue this year was 119.342. Guggenheim Strategic Opportunities Fund's number of shares in issue last year was 104.149. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=-16.457/-14.306
=1.15035649

Net Margin (Last Year: TTM)=Net Income/Revenue
=-127.149/-125.688
=1.01162402

Guggenheim Strategic Opportunities Fund's net margin of this year was 1.15035649. Guggenheim Strategic Opportunities Fund's net margin of last year was 1.01162402. ==> This year's net margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (May22)
=-14.306/2003.82
=-0.00713936

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May21)
=-125.688/1432.082
=-0.08776592

Guggenheim Strategic Opportunities Fund's asset turnover of this year was -0.00713936. Guggenheim Strategic Opportunities Fund's asset turnover of last year was -0.08776592. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+1+1+1+1+0+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Guggenheim Strategic Opportunities Fund has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Guggenheim Strategic Opportunities Fund  (NYSE:GOF) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Guggenheim Strategic Opportunities Fund Piotroski F-Score Related Terms

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Guggenheim Strategic Opportunities Fund (Guggenheim Strategic Opportunities Fund) Business Description

Traded in Other Exchanges
N/A
Address
227 West Monroe Street, 7th Floor, Chicago, IL, USA, 60606
Guggenheim Strategic Opportunities Fund is a diversified, closed-end management investment company. The investment objective of the firm is to maximize total return through a combination of current income and capital appreciation. The Fund seeks to combine a credit-managed fixed-income portfolio with access to a diversified pool of alternative investments and equity strategies.
Executives
Randall C Barnes director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60187
Angela Brock-kyle director, other: Trustee 3700 COLONNADE PARKWAY, BIRMINGHAM AL 35243
Toupin Ronald E Jr director, other: Trustee 117 ASHLAND AVENUE, RIVER FOREST IL 60305
Hollowell Iii Orenzo Perry other: Portfolio Manager 330 MADISON AVENUE, NEW YORK NY 10017
William Rehder officer: Assistant Vice President 227 W MONROE STREET, CHICAGO IL 60606
Lydon Thomas F Jr director, other: Trustee
Sandra G Sponem director, other: Trustee 800 NICOLLET MALL, J1012057, MINNEAPOLIS MN 55402-7020
Evan Loring Serdensky other: Portfolio Manager 227 WEST MONROE STREET, CHICAGO IL 60606
B. Scott Minerd other: Chief Investment Officer 2455 CORPORATE WEST DRIVE, LISLE IL 60532
Roman Iii Friedrich director, other: Trustee and Chairman 920-800 WEST PENDER STREET, VANCOUVER A1 V6C 2V6
Maynard F. Oliverius director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60532
Jon Szafran officer: Assistant Treasurer 227 W. MONROE STREET, CHICAGO IL 60606
Adam Bloch other: portfolio manager 2455 CORPORATE WEST DRIVE, LISLE IL 60532
Brian E. Binder officer: President and CEO C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 11752
Keith David Kemp officer: Assistant Treasurer MACQUARIE FUND ADVISER LLC, 125 WEST 55TH STREET, NEW YORK NY 10019