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RYOAX Rydex Biotechnology H Forecast, Technical & Fundamental Analysis

Category Health
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are ABBVIE (NYSE:ABBV), AstraZeneca PLC (NASDAQ:AZN), Amgen (NASDAQ:AMGN), Regeneron Pharmaceuticals (NASDAQ:REGN), Gilead Sciences (NASDAQ:GILD), Moderna (NASDAQ:MRNA), Biogen (NASDAQ:BIIB), Illumina (NASDAQ:ILMN).

Industry description

The investment seeks to provide capital appreciation. Under normal circumstances, the fund invests substantially all (at least 80%) of its net assets in equity securities of Biotechnology 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 Biotechnology Companies that have small to mid-sized capitalizations. The fund is non-diversified.

Market Cap

The average market capitalization across the Rydex Biotechnology H MF is 115.7B. The market cap for tickers in the group ranges from 21.09B to 322.43B. ABBV holds the highest valuation in this group at 322.43B. The lowest valued company is ILMN at 21.09B.

Volume

The average weekly volume growth across all stocks in the Rydex Biotechnology H MF was 45%. For the same stocks of the MF, the average monthly volume growth was 24% and the average quarterly volume growth was 51%

Fundamental Analysis Ratings

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

Valuation Rating: 54
P/E Growth Rating: 26
Price Growth Rating: 37
SMR Rating: 62
Profit Risk Rating: 36
Seasonality Score: -5 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Health

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

Correlation & Price change

A.I.dvisor indicates that over the last year, RYOAX has been closely correlated with VHCIX. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is a high statistical probability that if RYOAX jumps, then VHCIX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RYOAX
1D Price
Change %
RYOAX100%
+1.61%
VHCIX - RYOAX
66%
Closely correlated
-0.40%
PRHSX - RYOAX
66%
Loosely correlated
-0.62%
THISX - RYOAX
66%
Loosely correlated
-0.62%
VGHAX - RYOAX
64%
Loosely correlated
-0.67%
VGHCX - RYOAX
64%
Loosely correlated
-0.68%