Sp Midcap 400 Fund Quote
| RYCKX Fund | USD 42.09 0.26 0.61% |
Performance11 of 100
| Odds Of DistressLess than 19
|
Sp Midcap is trading at 42.09 as of the 19th of April 2024; that is -0.61 percent down since the beginning of the trading day. The fund's open price was 42.35. Sp Midcap 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 Sp Midcap 400 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of January 2024 and ending today, the 19th 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 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 securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index. More on Sp Midcap 400
Moving together with RYCKX Mutual Fund
| 0.88 | RYBCX | Basic Materials | PairCorr |
| 0.88 | RYBAX | Basic Materials | PairCorr |
| 0.63 | RYBKX | Banking Fund Class | PairCorr |
| 0.88 | RYBMX | Basic Materials | PairCorr |
| 0.99 | RYBHX | Sp Midcap 400 | PairCorr |
| 0.88 | RYBIX | Basic Materials | PairCorr |
Moving against RYCKX Mutual Fund
| 0.95 | RYAGX | Inverse Mid Cap Steady Growth | PairCorr |
| 0.93 | RYARX | Inverse Sp 500 Steady Growth | PairCorr |
| 0.82 | RYACX | Inverse Nasdaq 100 Steady Growth | PairCorr |
| 0.81 | RYAPX | Inverse Nasdaq 100 Steady Growth | PairCorr |
| 0.8 | RYAIX | Inverse Nasdaq 100 Steady Growth | PairCorr |
| 0.79 | RYALX | Inverse Nasdaq 100 Steady Growth | PairCorr |
| 0.79 | RYAFX | Inverse Russell 2000 Steady Growth | PairCorr |
RYCKX 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. Sp Midcap's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Sp Midcap 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, Mid-Cap Growth Funds, Mid-Cap Growth, Rydex Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 19th of August 2022 |
| Fiscal Year End | March |
Sp Midcap 400 [RYCKX] is traded in USA and was established 19th of April 2024. Sp Midcap is listed under Rydex Funds category by Fama And French industry classification. The fund is listed under Mid-Cap Growth category and is part of Rydex Funds family. This fund at this time has accumulated 28.41 M in assets with no minimum investment requirementsSp Midcap 400 is currently producing year-to-date (YTD) return of 17.12%, while the total return for the last 3 years was 1.18%.
Check Sp Midcap 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 RYCKX 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 RYCKX 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 Sp Midcap 400 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 Sp Midcap 400 Mutual Fund Constituents
| IDCC | InterDigital | Stock | Information Technology |
| SLM | SLM Corp | Stock | Financials |
| FIVE | Five Below | Stock | Consumer Discretionary |
| BHF | Brighthouse Financial | Stock | Financials |
| MTZ | MasTec Inc | Stock | Industrials |
| CHDN | Churchill Downs Incorporated | Stock | Consumer Discretionary |
| TER | Teradyne | Stock | Information Technology |
Sp Midcap Target Price Odds Analysis
Based on a normal probability distribution, the odds of Sp Midcap jumping above the current price in 90 days from now is about 44.89%. The Sp Midcap 400 probability density function shows the probability of Sp Midcap 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 1.5302 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, Sp Midcap will likely underperform. Additionally, sp Midcap 400 has an alpha of 0.11, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Sp Midcap to move above the current price in 90 days from now is about 44.89 (This Sp Midcap 400 probability density function shows the probability of RYCKX Mutual Fund to fall within a particular range of prices over 90 days) .
Sp Midcap 400 Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Sp Midcap market risk premium is the additional return an investor will receive from holding Sp Midcap 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 Sp Midcap. 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 Sp Midcap's alpha and beta are two of the key measurements used to evaluate Sp Midcap's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.9183 | |||
| Semi Deviation | 0.8057 | |||
| Standard Deviation | 1.14 | |||
| Variance | 1.29 |
Sp Midcap Against Markets
Picking the right benchmark for Sp Midcap 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 Sp Midcap 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 Sp Midcap is critical whether you are bullish or bearish towards Sp Midcap 400 at a given time. Please also check how Sp Midcap'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 Sp Midcap 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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Fundamental AnalysisView fundamental data based on most recent published financial statements |
| All Next | Launch Module |
How to buy RYCKX Mutual Fund?
Before investing in Sp Midcap, 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 Sp Midcap. To buy Sp Midcap fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Sp Midcap. 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 Sp Midcap fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Sp Midcap 400 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 Sp Midcap 400 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 Sp Midcap 400, 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 Sp Midcap 400?
The danger of trading Sp Midcap 400 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 Sp Midcap 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 Sp Midcap. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sp Midcap 400 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 Sp Midcap 400. 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 industry. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.