The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA).
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, which primarily consist of equity index swaps and swaps on exchange-traded funds ("ETFs"), futures contracts, and options on securities, futures contracts, and stock indices. The fund is non-diversified.
The average market capitalization across the Rydex Nova Inv MF is 1.7T. The market cap for tickers in the group ranges from 784.3B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is TSLA at 784.3B.
The average weekly volume growth across all stocks in the Rydex Nova Inv MF was 84%. For the same stocks of the MF, the average monthly volume growth was -16% and the average quarterly volume growth was -23%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 82
P/E Growth Rating: 30
Price Growth Rating: 29
SMR Rating: 36
Profit Risk Rating: 23
Seasonality Score: 16 (-100 ... +100)