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Aug 30, 2020

3 Predictions of Where the Dow Jones Industrial Average Will Finish in 2019 (and Why They'll All Probably Be Wrong)

One reason why so many people are fascinated by the stock market is that it's inherently unpredictable. No matter how well a company seems to be doing, an unexpected shock can send its stock price plummeting. And regardless of how sure you might be that a beaten-down company will simply fade away, a turnaround strategy can lead to a huge rebound in its stock price.

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Related Ticker: RYDAX

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), VISA (NYSE:V), Unitedhealth Group (NYSE:UNH), Home Depot (NYSE:HD), Salesforce (NYSE:CRM), McDonald's Corp (NYSE:MCD), Caterpillar (NYSE:CAT), Amgen (NASDAQ:AMGN), Goldman Sachs Group (NYSE:GS).

Industry description

The investment seeks to provide investment results that match, before fees and expenses, the performance of the Dow Jones Industrial Average® on a daily basis. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index. The Dow Jones Industrial Average ® is a price-weighted index of 30 "blue chip" U.S. stocks. The fund is non-diversified.

Market Cap

The average market capitalization across the Rydex Dow Jones Industrial Average® A MF is 556.98B. The market cap for tickers in the group ranges from 52.73B to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is TRV at 52.73B.

Volume

The average weekly volume growth across all stocks in the Rydex Dow Jones Industrial Average® A MF was -12%. For the same stocks of the MF, the average monthly volume growth was 42% and the average quarterly volume growth was 11%

Fundamental Analysis Ratings

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

Valuation Rating: 58
P/E Growth Rating: 53
Price Growth Rating: 47
SMR Rating: 31
Profit Risk Rating: 17
Seasonality Score: -17 (-100 ... +100)
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General Information

Category LargeValue

Profile
Fundamentals
Details
Category
Large Value
Address
Rydex Series Funds9601 Blackwell Road,Suite 500Rockville
Phone
N/A
Web
www.rydex-sgi.com