Rydex Inverse Nasdaq 100 Fund Price on October 8, 2024
| RYCDX Fund | USD 10.18 0.28 2.83% |
Below is the normalized historical share price chart for Rydex Inverse Nasdaq 100 extending back to March 13, 2002. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Rydex Inverse stands at 10.18, as last reported on the 28th of December, with the highest price reaching 10.18 and the lowest price hitting 10.18 during the day.
If you're considering investing in Rydex Mutual Fund, it is important to understand the factors that can impact its price. Rydex Inverse Nasdaq maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the entity had a -0.13% return per unit of risk over the last 3 months. Rydex Inverse Nasdaq exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rydex Inverse's Variance of 4.95, coefficient of variation of (746.06), and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide.
Rydex Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Rydex |
Sharpe Ratio = -0.1329
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Estimated Market Risk
| 2.27 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.3 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Rydex Inverse is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Rydex Inverse by adding Rydex Inverse to a well-diversified portfolio.
Rydex Inverse Valuation on October 8, 2024
It is possible to determine the worth of Rydex Inverse on a given historical date. On October 8, 2024 Rydex was worth 12.46 at the beginning of the trading date compared to the closed value of 12.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rydex Inverse mutual fund. Still, in general, we apply an absolute valuation method to find Rydex Inverse's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Rydex Inverse where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rydex Inverse's related companies.
| Open | High | Low | Close | Volume | |
| 12.85 | 12.85 | 12.85 | 12.85 | 1.00 | |
10/08/2024 | 12.46 | 12.46 | 12.46 | 12.46 | 1.00 |
| 12.26 | 12.26 | 12.26 | 12.26 | 1.00 |
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Rydex Inverse Trading Date Momentum on October 8, 2024
| On October 09 2024 Rydex Inverse Nasdaq 100 was traded for 12.26 at the closing time. The highest daily price throughout the period was 12.26 and the lowest price was 12.26 . There was no trading activity during the period 1.0. Lack of trading volume on 10/09/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 1.61% . The trading delta at closing time to current closing price is 1.85% . |
Rydex Inverse Nasdaq Fundamentals Correlations and Trends
By evaluating Rydex Inverse's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Rydex Inverse's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rydex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rydex Inverse Mutual Fund history
Rydex Inverse investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Rydex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rydex Inverse Nasdaq will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Rydex Inverse stock prices may prove useful in developing a viable investing in Rydex Inverse
The fund employs as its investment strategy a program of engaging in short sales of securities generally included in the underlying index and investing in 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 opposite to the securities of companies included in the underlying index. The fund is non-diversified.
Rydex Inverse Mutual Fund Technical Analysis
Rydex Inverse technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Rydex Inverse Period Price Range
Low | December 28, 2024
| High |
0.00 | 0.00 |
Rydex Inverse Nasdaq 100 cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Rydex Inverse December 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Rydex Inverse mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rydex Inverse shares will generate the highest return on investment. By undertsting and applying Rydex Inverse mutual fund market strength indicators, traders can identify Rydex Inverse Nasdaq 100 entry and exit signals to maximize returns
Rydex Inverse Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rydex Inverse's price direction in advance. Along with the technical and fundamental analysis of Rydex Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rydex to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 5.56 |
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| Volume Indicators |
Other Information on Investing in Rydex Mutual Fund
Rydex Inverse financial ratios help investors to determine whether Rydex Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Rydex with respect to the benefits of owning Rydex Inverse security.
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