Notable companies
The most notable companies in this group are Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Alibaba Group Holding Limited (NYSE:BABA), PDD Holdings (NASDAQ:PDD), Vale SA (NYSE:VALE), JD.com (NASDAQ:JD), Baidu (NASDAQ:BIDU).
Industry description
The investment seeks to provide investment results that correlate, to 200% of the performance of the S&P Emerging 50 ADR Index on a daily basis.
The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index. The index is a capitalization weighted index comprised of the 50 largest emerging market based ADRs having a free-float market capitalization ranging from approximately $4.5 billion to $901.6 billion as of June 30, 2024. It is non-diversified.
Market Cap
The average market capitalization across the Rydex Emerging Markets 2X Strategy A MF is 256.77B. The market cap for tickers in the group ranges from 28.21B to 1.23T. TSM holds the highest valuation in this group at 1.23T. The lowest valued company is PBR.A at 28.21B.
Volume
The average weekly volume growth across all stocks in the Rydex Emerging Markets 2X Strategy A MF was -8%. For the same stocks of the MF, the average monthly volume growth was -19% and the average quarterly volume growth was -10%
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: 53
Price Growth Rating: 49
SMR Rating: 100
Profit Risk Rating: 62
Seasonality Score: 52 (-100 ... +100)