The most notable companies in this group are Vale SA (NYSE:VALE), Freeport-McMoran (NYSE:FCX), Nucor Corp (NYSE:NUE), Dow (NYSE:DOW).
The investment seeks capital appreciation.
The fund invests substantially all (at least 80%) of its net assets in equity securities of Basic Materials Companies that are traded in the United States and in derivatives. It may invest to a significant extent in the securities of Basic Materials Companies that have small to mid-sized capitalizations. Basic Materials Companies are engaged in the manufacture, mining, processing, or distribution of raw materials and intermediate goods used in the industrials sector, and may be involved in the production and transportation of metals, textiles, and wood products.
The average market capitalization across the Rydex Basic Materials C MF is 51.07B. The market cap for tickers in the group ranges from 15.59B to 199.62B. LIN holds the highest valuation in this group at 199.62B. The lowest valued company is ABX at 15.59B.
The average weekly volume growth across all stocks in the Rydex Basic Materials C MF was -53%. For the same stocks of the MF, the average monthly volume growth was -60% and the average quarterly volume growth was -57%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 51
P/E Growth Rating: 38
Price Growth Rating: 43
SMR Rating: 57
Profit Risk Rating: 54
Seasonality Score: 17 (-100 ... +100)