Notable companies
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL).
Industry description
The investment seeks to provide investment results that match, before fees and expenses, 150% 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 leveraged derivative instruments. The index is a capitalization-weighted index composed of 500 common stocks, which are chosen by the Standard & Poor’s Corporation on a statistical basis, and which generally represent large-capitalization companies with capitalizations ranging from $6.7 billion to $3. The fund is non-diversified.
Market Cap
The average market capitalization across the Rydex Nova C MF is 2.71T. The market cap for tickers in the group ranges from 1.94T to 3.59T. NVDA holds the highest valuation in this group at 3.59T. The lowest valued company is GOOGL at 1.94T.
Volume
The average weekly volume growth across all stocks in the Rydex Nova C MF was 23%. For the same stocks of the MF, the average monthly volume growth was 22% and the average quarterly volume growth was -31%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 80
P/E Growth Rating: 75
Price Growth Rating: 30
SMR Rating: 24
Profit Risk Rating: 13
Seasonality Score: -20 (-100 ... +100)