Dow 2x Strategy Fund Quote
| RYLDX Fund | USD 147.86 1.99 1.36% |
Performance1 of 100
| Odds Of DistressLess than 21
|
Dow 2x is trading at 147.86 as of the 24th of April 2024; that is 1.36 percent increase since the beginning of the trading day. The fund's open price was 145.87. Dow 2x has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Dow 2x Strategy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
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 derivative instruments. It will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform similarly to the securities of companies in the underlying index. More on Dow 2x Strategy
Moving against Dow Mutual Fund
| 0.82 | RYAFX | Inverse Russell 2000 | PairCorr |
| 0.81 | RYAIX | Inverse Nasdaq 100 | PairCorr |
| 0.8 | RYACX | Inverse Nasdaq 100 | PairCorr |
| 0.8 | RYALX | Inverse Nasdaq 100 | PairCorr |
| 0.8 | RYARX | Inverse Sp 500 | PairCorr |
| 0.8 | RYAPX | Inverse Nasdaq 100 | PairCorr |
| 0.71 | RYAGX | Inverse Mid Cap | PairCorr |
Dow 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. Dow 2x's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Dow 2x or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Rydex Funds, Large Blend Funds, Trading--Leveraged Equity Funds, Trading--Leveraged Equity, Rydex Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of August 2022 |
| Fiscal Year End | March |
Dow 2x Strategy [RYLDX] is traded in USA and was established 24th of April 2024. Dow 2x is listed under Rydex Funds category by Fama And French industry classification. The fund is listed under Trading--Leveraged Equity category and is part of Rydex Funds family. This fund at this time has accumulated 40.96 M in assets with no minimum investment requirementsDow 2x Strategy is currently producing year-to-date (YTD) return of 0.07% with the current yeild of 0.0%, while the total return for the last 3 years was 3.93%.
Check Dow 2x 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 Dow 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 Dow 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 Dow 2x Strategy 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 Dow 2x Strategy Mutual Fund Constituents
| JNJ | Johnson Johnson | Stock | Health Care |
| V | Visa Class A | Stock | Financials |
| UNH | UnitedHealth Group Incorporated | Stock | Health Care |
| RTX | Raytheon Technologies Corp | Stock | Industrials |
| MSFT | Microsoft | Stock | Information Technology |
| MMM | 3M Company | Stock | Industrials |
| MCD | McDonalds | Stock | Consumer Discretionary |
Dow 2x Target Price Odds Analysis
Based on a normal probability distribution, the odds of Dow 2x jumping above the current price in 90 days from now is about 71.41%. The Dow 2x Strategy probability density function shows the probability of Dow 2x 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 1.7715 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, Dow 2x will likely underperform. Additionally, dow 2x Strategy has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Dow 2x to move above the current price in 90 days from now is about 71.41 (This Dow 2x Strategy probability density function shows the probability of Dow Mutual Fund to fall within a particular range of prices over 90 days) .
Dow 2x Strategy Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Dow 2x market risk premium is the additional return an investor will receive from holding Dow 2x 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 Dow 2x. 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 Dow 2x's alpha and beta are two of the key measurements used to evaluate Dow 2x's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.9338 | |||
| Semi Deviation | 1.3 | |||
| Standard Deviation | 1.23 | |||
| Variance | 1.52 |
Dow 2x Against Markets
Picking the right benchmark for Dow 2x 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 Dow 2x 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 Dow 2x is critical whether you are bullish or bearish towards Dow 2x Strategy at a given time. Please also check how Dow 2x's 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 Dow 2x 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?
Run Equity Forecasting Now
Equity ForecastingUse basic forecasting models to generate price predictions and determine price momentum |
| All Next | Launch Module |
How to buy Dow Mutual Fund?
Before investing in Dow 2x, 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 Dow 2x. To buy Dow 2x fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Dow 2x. 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 Dow 2x fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Dow 2x Strategy 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 Dow 2x Strategy 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 Dow 2x Strategy, 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 Dow 2x Strategy?
The danger of trading Dow 2x Strategy 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 Dow 2x 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 Dow 2x. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Dow 2x Strategy 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 Dow 2x Strategy. 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 unemployment. Note that the Dow 2x Strategy information on this page should be used as a complementary analysis to other Dow 2x's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.