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RYCTX
Mutual Fund ticker: NASDAQ
AS OF
Aug 28 closing price
Price
$297.98
Change
+$1.84 (+0.62%)
Net Assets
296.73M

RYCTX Rydex S&P 500 2x Strategy C Forecast, Technical & Fundamental Analysis

The investment seeks to provide investment results that match, before fees and expenses, 200% of the performance of the S&P 500® Index on a daily basis... Show more

Category: #Trading
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA).

Industry description

The investment seeks to provide investment results that match, before fees and expenses, 200% of the performance of the S&P 500® Index on a daily basis. The fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index and 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 similarly to the securities of companies in the underlying index. The fund is non-diversified.

Market Cap

The average market capitalization across the Rydex S&P 500 2x Strategy C MF is 2.78T. The market cap for tickers in the group ranges from 1.12T to 4.39T. NVDA holds the highest valuation in this group at 4.39T. The lowest valued company is TSLA at 1.12T.

Volume

The average weekly volume growth across all stocks in the Rydex S&P 500 2x Strategy C MF was 56%. For the same stocks of the MF, the average monthly volume growth was 16% and the average quarterly volume growth was -32%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 60
P/E Growth Rating: 100
Price Growth Rating: 30
SMR Rating: 100
Profit Risk Rating: 29
Seasonality Score: -64 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
Rydex Dynamic Funds9601 Blackwell Road Suite 500Rockville
Phone
N/A
Web
www.rydex-sgi.com
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RYCTX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, RYCTX has been closely correlated with RYCCX. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if RYCTX jumps, then RYCCX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RYCTX
1D Price
Change %
RYCTX100%
N/A
RYCCX - RYCTX
97%
Closely correlated
N/A
RYVLX - RYCTX
97%
Closely correlated
N/A
RYVYX - RYCTX
97%
Closely correlated
N/A
UOPSX - RYCTX
96%
Closely correlated
N/A
UOPIX - RYCTX
96%
Closely correlated
N/A
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