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RYTAX
Mutual Fund ticker: NASDAQ
AS OF
Mar 7 closing price
Price
$170.87
Change
+$1.79 (+1.06%)
Net Assets
42.84M

RYTAX Rydex Technology H Forecast, Technical & Fundamental Analysis

The investment seeks to provide capital appreciation... Show more

Category: #Technology
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Applied Materials (NASDAQ:AMAT), Advanced Micro Devices (NASDAQ:AMD).

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 Technology 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 Technology Companies that have small to mid-sized capitalizations. The fund also may purchase American Depositary Receipts ("ADRs") to gain exposure to foreign Technology Companies and U.S. government securities.

Market Cap

The average market capitalization across the Rydex Technology H MF is 1.35T. The market cap for tickers in the group ranges from 162.55B to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is AMD at 162.55B.

Volume

The average weekly volume growth across all stocks in the Rydex Technology H MF was -11%. For the same stocks of the MF, the average monthly volume growth was 5% 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: 52
P/E Growth Rating: 65
Price Growth Rating: 55
SMR Rating: 36
Profit Risk Rating: 30
Seasonality Score: 19 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Technology

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

Correlation & Price change

A.I.dvisor indicates that over the last year, RYTAX has been closely correlated with VITAX. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if RYTAX jumps, then VITAX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RYTAX
1D Price
Change %
RYTAX100%
+1.06%
VITAX - RYTAX
95%
Closely correlated
+1.22%
PRGTX - RYTAX
95%
Closely correlated
+1.02%
JATNX - RYTAX
91%
Closely correlated
+0.76%
FSPTX - RYTAX
90%
Closely correlated
+1.11%
CCIZX - RYTAX
85%
Closely correlated
+1.83%
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