Nova Fund Financials
| RYNHX Fund | USD 105.87 0.37 0.35% |
Nova |
Please note that past performance is not an indicator of the future performance of Nova Fund, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Nova Fund Fund Summary
Nova Fund competes with Basic Materials, Basic Materials, Banking Fund, Basic Materials, and Sp Midcap. 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 leveraged derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds , futures contracts, and options on securities, futures contracts, and stock indices. The fund is non-diversified.Specialization | Trading--Leveraged Equity, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Rydex Series Funds |
| Mutual Fund Family | Rydex Funds |
| Mutual Fund Category | Trading--Leveraged Equity |
| Benchmark | NYSE Composite |
| Phone | 800 820 0888 |
| Currency | USD - US Dollar |
You should never invest in Nova Fund Class without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of Nova Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Nova Fund's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
Nova Fund Key Financial Ratios
Generally speaking, Nova Fund's financial ratios allow both analysts and investors to convert raw data from Nova Fund's financial statements into concise, actionable information that can be used to evaluate the performance of Nova Fund over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Nova Fund Class reports annually and quarterly.Nova Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nova Fund's current stock value. Our valuation model uses many indicators to compare Nova Fund value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nova Fund competition to find correlations between indicators driving Nova Fund's intrinsic value. More Info.Nova Fund Class is rated top fund in price to earning among similar funds. It is rated top fund in price to book among similar funds fabricating about 0.15 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Nova Fund Class is roughly 6.73 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Nova Fund by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nova Fund's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nova Fund's earnings, one of the primary drivers of an investment's value.Nova Fund Class Systematic Risk
Nova Fund's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nova Fund volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Nova Fund Class correlated with the market. If Beta is less than 0 Nova Fund generally moves in the opposite direction as compared to the market. If Nova Fund Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nova Fund Class is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nova Fund is generally in the same direction as the market. If Beta > 1 Nova Fund moves generally in the same direction as, but more than the movement of the benchmark.
Nova Fund April 19, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Nova Fund help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nova Fund Class. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nova Fund Class based on widely used predictive technical indicators. In general, we focus on analyzing Nova Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nova Fund's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.0365 | |||
| Maximum Drawdown | 5.32 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.66 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Nova Fund Class. 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 rate. Note that the Nova Fund Class information on this page should be used as a complementary analysis to other Nova Fund'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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.