Basic Materials Fund Quote
| RYBMX Fund | USD 77.19 0.51 0.66% |
Performance11 of 100
| Odds Of DistressLess than 19
|
Basic Materials is trading at 77.19 as of the 16th of April 2024; that is -0.66 percent decrease since the beginning of the trading day. The fund's open price was 77.7. Basic Materials has less than a 19 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Basic Materials Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of July 2023 and ending today, the 16th of April 2024. Click here to learn more.
The fund invests substantially all of its net assets in equity securities of Basic Materials Companies that are traded in the United States and in derivatives. It may invest to a significant extent in the securities of Basic Materials Companies that have small to mid-sized capitalizations. More on Basic Materials Fund
Moving together with Basic Mutual Fund
| 1.0 | RYBCX | Basic Materials | PairCorr |
| 1.0 | RYBAX | Basic Materials | PairCorr |
| 0.78 | RYBKX | Banking Fund Class | PairCorr |
| 0.87 | RYBHX | Sp Midcap 400 | PairCorr |
| 1.0 | RYBIX | Basic Materials | PairCorr |
Moving against Basic Mutual Fund
| 0.89 | RYAGX | Inverse Mid Cap Steady Growth | PairCorr |
| 0.77 | RYARX | Inverse Sp 500 Steady Growth | PairCorr |
| 0.69 | RYAFX | Inverse Russell 2000 Steady Growth | PairCorr |
| 0.61 | RYACX | Inverse Nasdaq 100 Steady Growth | PairCorr |
| 0.59 | RYALX | Inverse Nasdaq 100 Steady Growth | PairCorr |
| 0.59 | RYAPX | Inverse Nasdaq 100 Steady Growth | PairCorr |
| 0.58 | RYAIX | Inverse Nasdaq 100 Steady Growth | PairCorr |
Basic Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Basic Materials' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Basic Materials or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Rydex Funds, Large Funds, Natural Resources Funds, Natural Resources, Rydex Funds, Large, Natural Resources (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 19th of August 2022 |
| Fiscal Year End | March |
Basic Materials Fund [RYBMX] is traded in USA and was established 16th of April 2024. Basic Materials is listed under Rydex Funds category by Fama And French industry classification. The fund is listed under Natural Resources category and is part of Rydex Funds family. This fund at this time has accumulated 32.83 M in assets with minimum initial investment of 2.5 K. Basic Materials is currently producing year-to-date (YTD) return of 6.63% with the current yeild of 0.02%, while the total return for the last 3 years was 5.0%.
Check Basic Materials Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Basic Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Basic Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Basic Materials Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Basic Materials Fund Mutual Fund Constituents
| VMC | Vulcan Materials | Stock | Materials |
| IP | International Paper | Stock | Materials |
| DD | Dupont De Nemours | Stock | Materials |
| SHW | Sherwin Williams Co | Stock | Materials |
| PPG | PPG Industries | Stock | Materials |
| NUE | Nucor Corp | Stock | Materials |
| NEM | Newmont Goldcorp Corp | Stock | Materials |
Basic Materials Target Price Odds Analysis
Based on a normal probability distribution, the odds of Basic Materials jumping above the current price in 90 days from now is about 17.33%. The Basic Materials Fund probability density function shows the probability of Basic Materials mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.3678 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Basic Materials will likely underperform. Additionally, basic Materials Fund has an alpha of 0.0045, implying that it can generate a 0.004462 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Basic Materials to move above the current price in 90 days from now is about 17.33 (This Basic Materials Fund probability density function shows the probability of Basic Mutual Fund to fall within a particular range of prices over 90 days) .
Basic Materials Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Basic Materials market risk premium is the additional return an investor will receive from holding Basic Materials long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Basic Materials. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Basic Materials' alpha and beta are two of the key measurements used to evaluate Basic Materials' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.7793 | |||
| Semi Deviation | 1.06 | |||
| Standard Deviation | 0.9925 | |||
| Variance | 0.9851 |
Basic Materials Against Markets
Picking the right benchmark for Basic Materials mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Basic Materials mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Basic Materials is critical whether you are bullish or bearish towards Basic Materials Fund at a given time. Please also check how Basic Materials' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Basic Materials without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy Basic Mutual Fund?
Before investing in Basic Materials, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Basic Materials. To buy Basic Materials fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Basic Materials. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Basic Materials fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Basic Materials Fund fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Basic Materials Fund fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Basic Materials Fund, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Basic Materials Fund?
The danger of trading Basic Materials Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Basic Materials is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Basic Materials. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Basic Materials is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Basic Materials Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.