The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), Citigroup (NYSE:C), US Bancorp (NYSE:USB), PNC Financial Services Group (NYSE:PNC), Capital One Financial (NYSE:COF), Bank of New York Mellon Corp (NYSE:BK).
The investment seeks to provide capital appreciation by investing in companies that are involved in the banking sector, including commercial banks (and their holding companies) and savings and loan institutions ("Banking Companies").
The fund invests substantially all (at least 80%) of its net assets in equity securities of Banking 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 Banking Companies that have small to mid-sized capitalizations.
The average market capitalization across the Rydex Banking C MF is 97.01B. The market cap for tickers in the group ranges from 21.27B to 443.89B. JPM holds the highest valuation in this group at 443.89B. The lowest valued company is MTB at 21.27B.
The average weekly volume growth across all stocks in the Rydex Banking C MF was -51%. For the same stocks of the MF, the average monthly volume growth was -65% and the average quarterly volume growth was -73%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 64
P/E Growth Rating: 60
Price Growth Rating: 37
SMR Rating: 6
Profit Risk Rating: 70
Seasonality Score: -13 (-100 ... +100)