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RYALX
Mutual Fund ticker: NASDAQ
AS OF
Apr 17 closing price
Price
$151.90
Change
+$0.11 (+0.07%)
Net Assets
20.47M

RYALX Rydex Inverse NASDAQ-100® Strategy H Forecast, Technical & Fundamental Analysis

The investment seeks to provide investment results that match, before fees and expenses, the inverse (opposite) of the performance of the NASDAQ-100 Index® on a daily basis... Show more

Category: #Trading
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A.I.Advisor
published Highlights

Industry description

The investment seeks to provide investment results that match, before fees and expenses, the inverse (opposite) of the performance of the NASDAQ-100 Index® on a daily basis. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index. The index is a modified capitalization-weighted index composed of 100 of the largest non-financial companies listed on The Nasdaq Stock Market with capitalizations ranging from $10.4 billion to $3. The fund is non-diversified.
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
Rydex Series Funds9601 Blackwell Road,Suite 500Rockville
Phone
N/A
Web
www.rydex-sgi.com
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RYALX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, RYALX has been closely correlated with RYCDX. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if RYALX jumps, then RYCDX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RYALX
1D Price
Change %
RYALX100%
+0.07%
RYCDX - RYALX
99%
Closely correlated
+0.08%
RYVTX - RYALX
99%
Closely correlated
+0.09%
RYVNX - RYALX
99%
Closely correlated
+0.09%
RYURX - RYALX
97%
Closely correlated
-0.06%
RYUHX - RYALX
96%
Closely correlated
-0.07%
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