HEALTH Mutual Fund Quote

RYHEX Fund  USD 34.36  0.08  0.23%   
Market Performance
5 of 100
Odds Of Distress
Less than 1
HEALTH CARE is trading at 34.36 as of the 30th of January 2023; that is -0.23 percent decrease since the beginning of the trading day. The fund's open price was 34.44. HEALTH CARE has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for HEALTH CARE FUND are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of December 2022 and ending today, the 30th of January 2023. Click here to learn more.
CUSIP
78355E296
ISIN
US78355E2963
Fiscal Year End
March
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. More on HEALTH CARE FUND

Moving together with HEALTH CARE

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HEALTH CARE 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. HEALTH CARE's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding HEALTH CARE or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of HEALTH CARE's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldOvervalued
Beta In Three Year0.82
Startdate17th of April 1998
HEALTH CARE FUND [RYHEX] is traded in USA and was established 30th of January 2023. The fund is listed under Health category and is part of Rydex Funds family. HEALTH CARE FUND at this time has accumulated 37.39 M in assets with minimum initial investment of 2.5 K. , while the total return for the last 3 years was 11.78%.
Check HEALTH CARE 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 HEALTH 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 HEALTH 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 HEALTH CARE 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 HEALTH CARE FUND Mutual Fund Constituents

HEALTH CARE Target Price Odds Analysis

Based on a normal probability distribution, the odds of HEALTH CARE jumping above the current price in 90 days from now is about 24.54%. The HEALTH CARE FUND probability density function shows the probability of HEALTH CARE mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon HEALTH CARE has a beta of 0.7877 indicating as returns on the market go up, HEALTH CARE average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding HEALTH CARE FUND will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. HEALTH CARE FUND is significantly underperforming NYSE Composite.
  Odds Below 34.36HorizonTargetOdds Above 34.36
75.07%90 days
 34.36 
24.54%
Based on a normal probability distribution, the odds of HEALTH CARE to move above the current price in 90 days from now is about 24.54 (This HEALTH CARE FUND probability density function shows the probability of HEALTH Mutual Fund to fall within a particular range of prices over 90 days) .

HEALTH CARE FUND Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. HEALTH CARE market risk premium is the additional return an investor will receive from holding HEALTH CARE 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 HEALTH CARE. 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 HEALTH CARE's alpha and beta are two of the key measurements used to evaluate HEALTH CARE's performance over the market, the standard measures of volatility play an important role as well.

HEALTH CARE Against Markets

Picking the right benchmark for HEALTH CARE 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 HEALTH CARE 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 HEALTH CARE is critical whether you are bullish or bearish towards HEALTH CARE FUND at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in HEALTH CARE 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.

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Invested in HEALTH CARE FUND?

The danger of trading HEALTH CARE 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 HEALTH CARE 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 HEALTH CARE. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile HEALTH CARE FUND 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.
Additionally, take a look at Your Equity Center. 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for HEALTH Mutual Fund analysis

When running HEALTH CARE FUND price analysis, check to measure HEALTH CARE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HEALTH CARE is operating at the current time. Most of HEALTH CARE's value examination focuses on studying past and present price action to predict the probability of HEALTH CARE's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move HEALTH CARE's price. Additionally, you may evaluate how the addition of HEALTH CARE to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between HEALTH CARE's value and its price as these two are different measures arrived at by different means. Investors typically determine HEALTH CARE value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HEALTH CARE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.