Dow 2x Competition

RYCYX Fund

USD 168.82 1.21 0.71%

Dow 2x Strategy competes with Dow 2x, Sp 500, Riverpark Longshort, Mfs Managed, and Riverpark Long/short; as well as few others. The fund is listed under Trading--Leveraged Equity category and is part of Rydex Funds family. Analyzing Dow 2x 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 Dow 2x to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Dow 2x Correlation with its peers.

Dow 2x vs Small-cap Growth Correlation

Almost no diversification

The correlation between Dow 2x Strategy and SGPIX is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dow 2x Strategy and SGPIX in the same portfolio, assuming nothing else is changed.

Moving together with Dow Mutual Fund

0.87	RYBCX	Basic Materials	Pair Corr
0.88	RYBAX	Basic Materials	Pair Corr
0.91	RYBKX	Banking Fund Class	Pair Corr
0.86	RYBMX	Basic Materials	Pair Corr
0.91	RYBHX	Sp Midcap 400	Pair Corr

Moving against Dow Mutual Fund

0.9	RYAFX	Inverse Russell 2000	Pair Corr
0.73	RYARX	Inverse Sp 500	Pair Corr
0.63	RYABX	Government Long Bond	Pair Corr
0.52	RYACX	Inverse Nasdaq 100	Pair Corr
0.49	RYALX	Inverse Nasdaq 100	Pair Corr

Specify up to 10 symbols:

Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dow 2x's 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
167.35	168.82	170.29

Details

Intrinsic

Valuation

Low	Real	High
156.38	157.85	185.70

Details

Naive

Forecast

Low	Next	High
166.57	168.04	169.51

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
163.19	168.30	173.42

Details

Dow 2x Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Dow 2x 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 Dow 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 Dow 2x Strategy does not affect the price movement of the other competitor.

	RYCVX	RYAWX	RLSFX	MNWAX	RLSIX	ACWDX	SGPIX
RYCVX		0.9	0.09	0.89	0.1	0.86	0.92	RYCVX
RYAWX	0.9		-0.07	0.86	-0.06	0.96	0.88	RYAWX
RLSFX	0.09	-0.07		0.16	1.0	-0.22	-0.13	RLSFX
MNWAX	0.89	0.86	0.16		0.18	0.83	0.75	MNWAX
RLSIX	0.1	-0.06	1.0	0.18		-0.2	-0.12	RLSIX
ACWDX	0.86	0.96	-0.22	0.83	-0.2		0.87	ACWDX
SGPIX	0.92	0.88	-0.13	0.75	-0.12	0.87		SGPIX
	RYCVX	RYAWX	RLSFX	MNWAX	RLSIX	ACWDX	SGPIX

High positive correlations

RLSIX	+ 1.0	RLSFX
ACWDX	+ 0.96	RYAWX
SGPIX	+ 0.92	RYCVX
RYAWX	+ 0.9	RYCVX
MNWAX	+ 0.89	RYCVX
SGPIX	+ 0.88	RYAWX

High negative correlations

ACWDX	- 0.22	RLSFX
ACWDX	- 0.2	RLSIX
SGPIX	- 0.13	RLSFX
SGPIX	- 0.12	RLSIX
RLSFX	- 0.07	RYAWX
RLSIX	- 0.06	RYAWX

Risk-Adjusted Indicators

There is a big difference between Dow Mutual Fund performing well and Dow 2x 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 Dow 2x's 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
RYCVX	1.17	0.00	0.02	0.04	1.38	(1.23)	2.41	(2.11)	6.37
RYAWX	0.93	0.05	0.04	0.10	1.11	(0.95)	1.60	(2.02)	6.37
RLSFX	0.53	(0.14)	0.00	(0.18)	0.00	0.00	0.86	(1.56)	3.38
MNWAX	0.26	(0.01)	(0.13)	(0.19)	0.33	(0.29)	0.46	(0.53)	1.66
RLSIX	0.53	(0.14)	0.00	(0.18)	0.00	0.00	0.84	(1.59)	3.31
ACWDX	1.00	0.21	0.19	0.30	0.77	(1.21)	1.67	(1.69)	12.89
SGPIX	0.80	0.03	0.03	0.07	0.87	(0.82)	1.69	(1.48)	4.79

Dow 2x Competitive Analysis

The better you understand Dow 2x competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Dow 2x's 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 Dow 2x's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	RYCYX	RYCVX	RYAWX	RLSFX	MNWAX	RLSIX	ACWDX	SGPIX
	0.71 168.82 Dow	0.71 205.86 Dow	0.78 114.36 RYAWX	2.56 14.47 Riverpark	0.07 13.34 Mfs	2.50 14.79 Riverpark	0.33 18.04 Aston/crosswind	0.32 119.71 Small-cap
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Fair	Mild	Fair	Weakest	Soft	Weakest	Good	Fair
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Under Valued	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Not Rated	Strong Buy	Strong Hold	Cautious Hold	Strong Hold	Strong Buy	Strong Hold
Net Asset	43.29 M	43.29 M	29.19 M	34.3 M	38.15 M	34.3 M	38.6 M	3.72 M
Minimum Initial Investment	N/A	2.5 K	N/A	N/A	1 K	50 K	N/A	15 K
Price To Book	2.98 X	2.98 X	4.02 X	3.89 X	1.75 X	3.89 X	3.29 X	2.58 X
Five Year Return	14.86 %	16.15 %	8.24 %	(2.52) %	3.77 %	(3.06) %	5.47 %	3.16 %
One Year Return	11.12 %	12.55 %	13.17 %	5.83 %	4.97 %	4.34 %	11.44 %	5.30 %
Last Dividend Paid	0.39	0.39	N/A	N/A	0.02	N/A	N/A	N/A
Price To Earning	17.75 X	17.75 X	23.43 X	24.35 X	12.52 X	24.35 X	24.22 X	4.40 X
Price To Sales	1.74 X	1.74 X	1.94 X	2.88 X	1.09 X	2.88 X	1.21 X	1.53 X
Cash Position Weight	12.16 %	6.36 %	0.70 %	16.28 %	51.25 %	2.66 %	2.58 %	0.38 %
Equity Positions Weight	82.62 %	86.01 %	99.47 %	83.98 %	48.45 %	75.57 %	97.42 %	99.62 %
Three Year Return	19.89 %	20.74 %	15.82 %	17.10 %	5.96 %	17.26 %	12.78 %	8.50 %
Annual Yield	0.01 %	0.01 %	N/A	N/A	0.01 %	N/A	N/A	N/A
Year To Date Return	3.48 %	3.50 %	6.61 %	0.99 %	0.15 %	0.39 %	6.25 %	5.29 %
Bond Positions Weight	N/A	4.75 %	N/A	N/A	0.30 %	0.39 %	N/A	N/A
Ten Year Return	17.56 %	18.41 %	13.06 %	N/A	N/A	N/A	N/A	9.67 %
Day Typical Price	168.82	205.86	114.36	14.47	13.34	14.79	18.04	119.71
Daily Balance Of Power	0	0	0	0	9.2 T	0	0	0
Period Momentum Indicator	(1.21)	(1.48)	(0.90)	(0.38)	0.01	(0.38)	(0.06)	(0.38)
Rate Of Daily Change	0.99	0.99	0.99	0.97	1.0	0.97	1.0	1.0
Day Median Price	168.82	205.86	114.36	14.47	13.34	14.79	18.04	119.71
Price Action Indicator	(0.61)	(0.74)	(0.45)	(0.19)	0.005	(0.19)	(0.03)	(0.19)
Relative Strength Index	53.95	53.58	57.58	34.95	50.88	35.22	59.22	55.03
Coefficient Of Variation	1420.7	1632.34	1186.28	(683.36)	11634.99	(692.50)	684.32	1189.1
Mean Deviation	1.16	1.17	0.9285	0.5276	0.2583	0.5294	1.0	0.8007
Jensen Alpha	0.0091	(0)	0.0523	(0.14)	(0.01)	(0.14)	0.2087	0.0292
Total Risk Alpha	0.007	(0.01)	0.0217	(0.16)	(0.03)	(0.16)	0.1417	0.0168
Sortino Ratio	0.0331	0.0242	0.0396	N/A	(0.13)	N/A	0.1895	0.0343
Downside Variance	2.14	2.19	1.64	N/A	0.1486	N/A	1.12	1.06
Standard Deviation	1.44	1.45	1.23	0.7143	0.3251	0.715	1.73	1.05
Kurtosis	(0.29)	(0.37)	1.27	1.8	0.3368	1.59	25.58	0.2894
Potential Upside	2.41	2.41	1.6	0.8564	0.458	0.8382	1.67	1.69
Treynor Ratio	0.0478	0.0408	0.0972	(0.18)	(0.19)	(0.18)	0.303	0.0686
Maximum Drawdown	6.37	6.37	6.37	3.38	1.66	3.31	12.89	4.79
Variance	2.07	2.1	1.52	0.5103	0.1057	0.5112	3.0	1.1
Market Risk Adjusted Performance	0.0578	0.0508	0.1072	(0.17)	(0.18)	(0.17)	0.313	0.0786
Risk Adjusted Performance	0.0566	0.0499	0.0659	(0.11)	(0.01)	(0.11)	0.113	0.0647
Skewness	(0.17)	(0.15)	0.1299	(1.01)	(0.55)	(0.99)	4.04	0.3059
Semi Deviation	1.35	1.38	1.11	N/A	0.3278	N/A	0.7669	0.8665
Information Ratio	0.0336	0.0247	0.0412	(0.22)	(0.15)	(0.22)	0.1155	0.0336
Value At Risk	(2.12)	(2.11)	(2.02)	(1.56)	(0.53)	(1.59)	(1.69)	(1.48)
Expected Short fall	(1.22)	(1.23)	(0.95)	N/A	(0.29)	N/A	(1.21)	(0.82)
Downside Deviation	1.46	1.48	1.28	N/A	0.3854	N/A	1.06	1.03
Semi Variance	1.83	1.9	1.23	N/A	0.1075	N/A	0.5881	0.7508

Dow 2x Competition Performance Charts

Five steps to successful analysis of Dow 2x Competition

Dow 2x's 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 Dow 2x Strategy in relation to its competition. Dow 2x's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Dow 2x 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 Dow 2x's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Dow 2x Strategy, 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.

Complement your Dow 2x position

In addition to having Dow 2x in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Office Supplies Thematic Idea Now

Office Supplies

Companies producing and selling office supplies, and accessories. The Office Supplies theme has 46 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Office Supplies Theme or any other thematic opportunities.

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Other Information on Investing in Dow Mutual Fund

Dow 2x financial ratios help investors to determine whether Dow 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 Dow with respect to the benefits of owning Dow 2x security.

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Dow 2x Competition

Dow 2x vs Small-cap Growth Correlation

Almost no diversification

Moving together with Dow Mutual Fund

Moving against Dow Mutual Fund

Specify up to 10 symbols:

Dow 2x Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

Dow 2x Competitive Analysis

Dow 2x Competition Performance Charts

Five steps to successful analysis of Dow 2x Competition

Complement your Dow 2x position

Did You Try This Idea?

Run Office Supplies Thematic Idea Now

Office Supplies

Other Information on Investing in Dow Mutual Fund

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