Notable companies
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL), Microsoft Corp (NASDAQ:MSFT), Broadcom Inc. (NASDAQ:AVGO), Meta Platforms (NASDAQ:META), Advanced Micro Devices (NASDAQ:AMD), Applied Materials (NASDAQ:AMAT), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE).
Industry description
The investment seeks to provide capital appreciation.
Under normal circumstances, the fund invests substantially all (at least 80%) of its net assets in equity securities of Technology Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It may invest to a significant extent in the securities of Technology Companies that have small to mid-sized capitalizations. The fund also may purchase American Depositary Receipts ("ADRs") to gain exposure to foreign Technology Companies and U.S. government securities.
Market Cap
The average market capitalization across the Rydex Technology C MF is 2.13T. The market cap for tickers in the group ranges from 78.48B to 4.85T. NVDA holds the highest valuation in this group at 4.85T. The lowest valued company is ADBE at 78.48B.
Volume
The average weekly volume growth across all stocks in the Rydex Technology C MF was -2%. For the same stocks of the MF, the average monthly volume growth was 11% and the average quarterly volume growth was 183%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 57
P/E Growth Rating: 58
Price Growth Rating: 40
SMR Rating: 37
Profit Risk Rating: 37
Seasonality Score: 38 (-100 ... +100)