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RYCDX Rydex Inverse NASDAQ-100® 2x Strategy C Forecast, Technical & Fundamental Analysis

Category Trading
A.I.Advisor
published Highlights

Industry description

The investment seeks to provide investment results that match, before fees and expenses, 200% of the inverse (opposite) of the performance of the NASDAQ-100 Index® on a daily basis. The fund employs as its investment strategy a program of engaging in short sales of securities generally included in the underlying index and investing in derivative instruments. It 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 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 Dynamic Funds9601 Blackwell Road Suite 500Rockville
Phone
N/A
Web
www.rydex-sgi.com
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RYCDX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, RYCDX has been closely correlated with RYVTX. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if RYCDX jumps, then RYVTX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RYCDX
1D Price
Change %
RYCDX100%
+0.35%
RYVTX - RYCDX
100%
Closely correlated
+0.29%
RYVNX - RYCDX
100%
Closely correlated
+0.29%
USPIX - RYCDX
100%
Closely correlated
N/A
USPSX - RYCDX
100%
Closely correlated
N/A
RYALX - RYCDX
100%
Closely correlated
+0.21%
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