RYBMX Rydex Basic Materials A Forecast, Technical & Fundamental Analysis

The most notable companies in this group are Newmont Corp (NYSE:NEM), Freeport-McMoran (NYSE:FCX), Nucor Corp (NYSE:NUE).

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 A MF is 81.95B. The market cap for tickers in the group ranges from 35.77B to 224.76B. LIN holds the highest valuation in this group at 224.76B. The lowest valued company is VMC at 35.77B.

The average weekly volume growth across all stocks in the Rydex Basic Materials A MF was 123%. For the same stocks of the MF, the average monthly volume growth was 58% and the average quarterly volume growth was -10%