Health Care Financials
| RYHEX Fund | USD 35.85 0.18 0.50% |
Health |
Please note that past performance is not an indicator of the future performance of Health Care, 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.
Health Care Fund Summary
Health Care competes with Vanguard Health, T Rowe, and Blackrock Health. Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Health Care 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 Health Care Companies that have small to mid-sized capitalizations. The fund also may purchase American Depositary Receipts to gain exposure to foreign Health Care Companies and U.S. government securities.Specialization | Health, Large Blend |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Rydex Series Funds |
| Mutual Fund Family | Rydex Funds |
| Mutual Fund Category | Health |
| Benchmark | NYSE Composite |
| Phone | 800 820 0888 |
| Currency | USD - US Dollar |
Health Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Health Care's current stock value. Our valuation model uses many indicators to compare Health Care value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Health Care competition to find correlations between indicators driving Health Care's intrinsic value. More Info.Health Care Fund is rated second largest fund in price to earning among similar funds. It is rated second largest fund in price to book among similar funds fabricating about 0.14 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Health Care Fund is roughly 7.07 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Health Care by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Health Care'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 Health Care's earnings, one of the primary drivers of an investment's value.Health Care Fund Systematic Risk
Health Care's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Health Care 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.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Health Care Fund correlated with the market. If Beta is less than 0 Health Care generally moves in the opposite direction as compared to the market. If Health Care Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Health Care Fund is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Health Care is generally in the same direction as the market. If Beta > 1 Health Care moves generally in the same direction as, but more than the movement of the benchmark.
Health Care April 18, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Health Care help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Health Care Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of Health Care Fund based on widely used predictive technical indicators. In general, we focus on analyzing Health Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Health Care's daily price indicators and compare them against related drivers.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.1 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.21 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Health Care 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 income. Note that the Health Care Fund information on this page should be used as a complementary analysis to other Health Care'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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.