Basic Materials Competition

RYBCX Fund

USD 72.58 1.00 1.40%

Basic Materials competes with Barrett Growth, James Micro, Guinness Atkinson, Shelton Emerging, and Lsv Us; as well as few others. The fund is listed under Natural Resources category and is part of Rydex Funds family. Analyzing Basic Materials competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Basic Materials to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Basic Materials Correlation with its peers.

Basic Materials vs Zacks Small-cap Correlation

Very poor diversification

The correlation between Basic Materials Fund and ZSCCX is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Basic Materials Fund and ZSCCX in the same portfolio, assuming nothing else is changed.

Moving together with Basic Mutual Fund

1.0	RYBAX	Basic Materials Steady Growth	Pair Corr
0.9	RYBKX	Banking Fund Class	Pair Corr
0.99	RYBMX	Basic Materials	Pair Corr
0.9	RYBHX	Sp Midcap 400	Pair Corr

Moving against Basic Mutual Fund

0.82	RYAGX	Inverse Mid Cap	Pair Corr
0.8	RYAFX	Inverse Russell 2000	Pair Corr
0.71	RYABX	Government Long Bond	Pair Corr
0.6	RYAUX	Utilities Fund Class	Pair Corr
0.44	RYARX	Inverse Sp 500	Pair Corr

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Basic Materials' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.

Hype

Prediction

Low	Estimated	High
70.59	72.58	74.57

Details

Intrinsic

Valuation

Low	Real	High
65.32	75.59	77.58

Details

Naive

Forecast

Low	Next	High
71.26	73.24	75.23

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
50.04	62.24	74.44

Details

Basic Materials Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Basic Materials and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Basic and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Basic Materials does not affect the price movement of the other competitor.

	CSCVX	BGRWX	JMCRX	ICHKX	EMSLX	LVAMX	NOM	FSEBX	RYHHX	ZSCCX
CSCVX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CSCVX
BGRWX	0.0		0.88	0.46	0.9	0.82	0.79	0.7	0.8	0.85	BGRWX
JMCRX	0.0	0.88		0.6	0.92	0.83	0.64	0.77	0.88	0.92	JMCRX
ICHKX	0.0	0.46	0.6		0.57	0.56	0.21	0.66	0.46	0.59	ICHKX
EMSLX	0.0	0.9	0.92	0.57		0.82	0.72	0.78	0.87	0.88	EMSLX
LVAMX	0.0	0.82	0.83	0.56	0.82		0.78	0.67	0.79	0.77	LVAMX
NOM	0.0	0.79	0.64	0.21	0.72	0.78		0.54	0.71	0.61	NOM
FSEBX	0.0	0.7	0.77	0.66	0.78	0.67	0.54		0.8	0.75	FSEBX
RYHHX	0.0	0.8	0.88	0.46	0.87	0.79	0.71	0.8		0.79	RYHHX
ZSCCX	0.0	0.85	0.92	0.59	0.88	0.77	0.61	0.75	0.79		ZSCCX
	CSCVX	BGRWX	JMCRX	ICHKX	EMSLX	LVAMX	NOM	FSEBX	RYHHX	ZSCCX

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High positive correlations

EMSLX	+ 0.92	JMCRX
ZSCCX	+ 0.92	JMCRX
EMSLX	+ 0.9	BGRWX
JMCRX	+ 0.88	BGRWX
RYHHX	+ 0.88	JMCRX
ZSCCX	+ 0.88	EMSLX

High negative correlations

ZSCCX	- 0.0	CSCVX
RYHHX	- 0.0	CSCVX
FSEBX	- 0.0	CSCVX
NOM	- 0.0	CSCVX
LVAMX	- 0.0	CSCVX
EMSLX	- 0.0	CSCVX

Risk-Adjusted Indicators

There is a big difference between Basic Mutual Fund performing well and Basic Materials Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Basic Materials' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CSCVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BGRWX	0.74	0.21	0.30	0.34	0.25	(0.95)	1.14	(0.88)	15.46
JMCRX	0.84	0.07	0.08	0.13	0.80	(1.00)	2.38	(1.87)	4.20
ICHKX	0.62	0.06	0.02	0.25	0.58	(0.71)	1.38	(1.10)	3.43
EMSLX	0.91	0.35	0.36	0.62	0.32	(1.06)	1.40	(1.63)	19.22
LVAMX	0.90	0.40	0.53	1.83	0.00	(1.19)	1.30	(0.90)	24.86
NOM	1.18	0.07	0.02	0.25	1.26	(1.32)	2.69	(2.37)	6.83
FSEBX	0.63	0.00	(0.01)	0.06	0.87	(0.62)	1.20	(1.53)	3.65
RYHHX	0.15	(0.01)	(0.31)	0.03	0.14	(0.17)	0.38	(0.32)	0.99
ZSCCX	0.85	0.16	0.11	0.52	0.83	(0.94)	2.19	(1.55)	4.89

Basic Materials Competitive Analysis

The better you understand Basic Materials competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Basic Materials' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Basic Materials' competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	RYBCX	CSCVX	BGRWX	JMCRX	ICHKX	EMSLX	LVAMX	NOM	FSEBX	RYHHX
	1.40 72.58 Basic	0.00 15.10 Cornercap	0.11 27.78 Barrett	1.95 23.63 James	0.17 17.22 Guinness	0.79 20.45 Shelton	0.20 9.90 Lsv	0.53 11.34 Nuveen	0.06 15.45 Fidelity	0.01 94.78 High
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Somewhat reliable	Not too volatile	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Weakest	Good	Fair	Fair	Good	Good	Soft	Soft	Soft
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Hazard	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Over Valued	Under Valued	Fairly Valued	Fairly Valued	Under Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Not Rated	Strong Buy	Buy	Strong Hold	Strong Buy	Hold	Hold	Strong Hold	Cautious Hold
Net Asset	29.42 M	135.41 M	25.59 M	27 M	26.77 M	26.47 M	24.5 M	N/A	23.04 M	23.92 M
Minimum Initial Investment	N/A	N/A	2.5 K	10 K	5 K	N/A	N/A	N/A	N/A	N/A
Price To Book	2.17	1.6	4.03	1.9	1.34	N/A	2.1	0.77	N/A	N/A
Five Year Return	10.25	7.66	11.51	10.86	-5.98	N/A	10.38	-0.94	N/A	2.88
One Year Return	40.55	-6.02	7.98	7.78	38.3	N/A	15.05	2.68	N/A	8.65
Last Dividend Paid	0.54	0.1	N/A	0.08	0.2	0.04	N/A	0.38	N/A	5.45
Price To Earning	18.97	14.89	21.23	12.49	10.0	N/A	16.27	19.1	N/A	N/A
Beta	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.28	N/A	N/A
Price To Sales	1.17	0.61	2.88	0.64	1.07	N/A	1.17	14.02	N/A	N/A
Cash Position Weight	2.24	N/A	0.88	11.86	0.2	5.15	0.43	N/A	1.29	58.23
Equity Positions Weight	99.23	100.0	99.12	88.15	99.8	94.85	99.57	N/A	98.5	-0.2
Three Year Return	12.16	10.21	20.79	14.45	0.87	N/A	11.36	1.47	N/A	7.96
Annual Yield	0.0083	N/A	N/A	N/A	0.0106	0.0107	0.0157	0.004	N/A	0.0852
Year To Date Return	10.85	N/A	0.98	8.61	5.47	N/A	1.54	0.2	N/A	0.0528
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	4.09
Ten Year Return	2.67	8.27	11.89	N/A	3.07	N/A	N/A	N/A	N/A	5.45
Daily Balance Of Power	9.2 T	0.0	0	0	9.2 T	9.2 T	0	0	9.2 T	0
Day Typical Price	72.58	15.1	27.78	23.63	17.22	20.45	9.9	11.34	15.45	94.78
Period Momentum Indicator	1.0	N/A	(0.03)	(0.47)	0.03	0.16	(0.02)	(0.06)	0.01	(0.01)
Rate Of Daily Change	1.01	1.0	1.0	0.98	1.0	1.01	1.0	0.99	1.0	1.0
Day Median Price	72.58	15.1	27.78	23.63	17.22	20.45	9.9	11.34	15.45	94.78
Price Action Indicator	0.5	N/A	(0.01)	(0.24)	0.015	0.08	(0.01)	(0.03)	0.005	(0.01)
Coefficient Of Variation	389.67	N/A	637.48	712.47	840.82	561.95	697.75	1403.57	1289.61	1441.77
Mean Deviation	1.24	N/A	0.7434	0.8438	0.621	0.9106	0.8955	1.18	0.6267	0.148
Jensen Alpha	0.4425	N/A	0.2134	0.0657	0.0625	0.3536	0.3975	0.07	(0)	(0.01)
Total Risk Alpha	0.3123	N/A	0.1025	0.0419	0.0106	0.1837	0.1374	(0.04)	(0.02)	(0.02)
Sortino Ratio	0.3241	N/A	0.299	0.0779	0.0231	0.3564	0.5309	0.02	(0.01)	(0.31)
Downside Variance	1.75	N/A	0.4457	0.964	0.5688	0.853	0.4211	1.91	0.9614	0.0435
Standard Deviation	1.97	N/A	1.77	1.1	0.805	2.29	2.95	1.49	0.8313	0.2092
Kurtosis	19.81	N/A	47.97	0.1302	0.2511	49.23	60.49	(0)	0.0229	1.01
Potential Upside	2.31	N/A	1.14	2.38	1.38	1.4	1.3	2.69	1.2	0.382
Treynor Ratio	0.6284	N/A	0.3354	0.1251	0.2522	0.619	1.83	0.2521	0.0642	0.0252
Maximum Drawdown	14.56	N/A	15.46	4.2	3.43	19.22	24.86	6.83	3.65	0.9863
Variance	3.9	N/A	3.14	1.22	0.648	5.24	8.71	2.21	0.6911	0.0438
Market Risk Adjusted Performance	0.6384	N/A	0.3454	0.1351	0.2622	0.629	1.84	0.2621	0.0742	0.0352
Risk Adjusted Performance	0.1942	N/A	0.1207	0.1061	0.088	0.1371	0.1124	0.0572	0.058	0.0258
Skewness	3.27	N/A	6.4	0.3014	0.5212	6.52	7.62	0.2471	(0.47)	0.0634
Semi Deviation	0.8079	N/A	0.2484	0.8006	0.5802	0.3206	0.0	1.26	0.8702	0.1411
Information Ratio	0.2169	N/A	0.1126	0.0693	0.0216	0.1437	0.1168	0.0186	(0.02)	(0.31)
Value At Risk	(2.01)	N/A	(0.88)	(1.87)	(1.10)	(1.63)	(0.90)	(2.37)	(1.53)	(0.32)
Expected Short fall	(1.51)	N/A	(0.95)	(1.00)	(0.71)	(1.06)	(1.19)	(1.32)	(0.62)	(0.17)
Downside Deviation	1.32	N/A	0.6676	0.9818	0.7542	0.9236	0.6489	1.38	0.9805	0.2086
Semi Variance	0.6527	N/A	0.0617	0.6409	0.3366	0.1028	(0.22)	1.58	0.7573	0.0199

Basic Materials Competition Performance Charts

Five steps to successful analysis of Basic Materials Competition

Basic Materials' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Basic Materials in relation to its competition. Basic Materials' competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Basic Materials in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Basic Materials' competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Basic Materials, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Information on Investing in Basic Mutual Fund

Basic Materials financial ratios help investors to determine whether Basic 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 Basic with respect to the benefits of owning Basic Materials security.

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Basic Materials Competition

Basic Materials vs Zacks Small-cap Correlation

Very poor diversification

Moving together with Basic Mutual Fund

Moving against Basic Mutual Fund

Specify up to 10 symbols:

Basic Materials Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

Basic Materials Competitive Analysis

Basic Materials Competition Performance Charts

Five steps to successful analysis of Basic Materials Competition

Complement your Basic Materials position

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Run Trump Equities Thematic Idea Now

Trump Equities

Other Information on Investing in Basic Mutual Fund

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