Health Care Competition

Mutual Funds . USA . 
Fund . Health Care Fund
RYHAX Fund  USD 36.76  0.03  0.08%   
Health Care Fund competes with Banking Fund, Basic Materials, Biotechnology Fund, Government Long, and Inverse Nasdaq-100; as well as few others. The fund is listed under Health category and is part of Rydex Funds family. Analyzing Health Care 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 Health Care to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Health Care Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Health Care competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
36.0436.7637.48
Details
Intrinsic
Valuation
LowRealHigh
36.0436.7637.48
Details
Naive
Forecast
LowNextHigh
36.7837.5038.22
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
34.8436.0837.32
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Health Care. Your research has to be compared to or analyzed against Health Care's peers to derive any actionable benefits. When done correctly, Health Care's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Health Care Fund.

Health Care Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Health Care 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 Health 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 Health Care Fund does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
RYALX
+ 1.0
RYACX
RYAKX
+ 0.94
RYBKX
RYAIX
+ 0.93
RYACX
RYALX
+ 0.93
RYAIX
RYAFX
+ 0.87
RYAIX
RYAFX
+ 0.83
RYACX
  
High negative correlations   
RYAFX
- 1.0
RYAKX
RYAFX
- 0.94
RYBKX
RYAEX
- 0.9
RYBKX
RYAKX
- 0.86
RYAIX
RYAKX
- 0.82
RYALX
RYAKX
- 0.82
RYACX

Risk-Adjusted Indicators

There is a big difference between Health Mutual Fund performing well and Health Care 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 Health Care'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RYBKX  1.09  0.02  0.12  0.14  0.81 
(1.42)
 2.45 
(1.99)
 12.77 
RYBMX  0.77 (0.04)(0.06) 0.08  0.89 
(0.85)
 1.71 
(1.38)
 4.29 
RYBOX  0.81 (0.16) 0.00 (0.05) 0.00 
 0.00 
 1.51 
(1.75)
 6.21 
RYABX  0.79 (0.04) 0.00  0.25  0.00 
 0.00 
 1.64 
(1.83)
 5.15 
RYACX  0.76 (0.08) 0.00 (1.20) 0.00 
 0.00 
 2.43 
(1.55)
 5.90 
RYAIX  0.75  0.02  0.00  0.11  0.00 
 0.00 
 2.50 
(1.57)
 5.84 
RYALX  0.76 (0.08) 0.00 (1.23) 0.00 
 0.00 
 2.45 
(1.54)
 5.90 
RYAKX  1.38 (0.05) 0.06  0.11  1.40 
(1.48)
 3.14 
(2.44)
 11.43 
RYAFX  0.90  0.03  0.00  0.10  0.00 
 0.00 
 1.66 
(2.02)
 8.97 
RYAEX  0.84 (0.24) 0.00 (0.45) 0.00 
 0.00 
 1.58 
(2.32)
 5.16 
All Fundamental Data

Health Care Competitive Analysis

The better you understand Health Care competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Health Care'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 Health Care'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
RYHAX RYBKX RYBMX RYBOX RYABX RYACX RYAIX RYALX RYAKX RYAFX
 0.08 
 36.76 
Health
 0.44 
 100.63 
Banking
 0.50 
 82.67 
Basic
 0.22 
 68.96 
Biotechnology
 1.12 
 22.59 
Government
 0.94 
 11.77 
Inverse
 0.85 
 15.23 
Inverse
 0.84 
 14.40 
Inverse
 0.54 
 65.58 
Russell
 0.32 
 44.08 
Inverse
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Out of control
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
Good
OK
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Good
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Under Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Under Valued
Over 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
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Hold
Buy
Strong Hold
Strong Hold
Strong Sell
Sell
Strong Sell
Not Rated
Strong Hold
Strong Sell
Net Asset
26.49 M
10.89 M
32.83 M
117.21 M
71.41 M
21.35 M
21.35 M
23.9 M
6.78 M
5.27 M
Minimum Initial Investment
N/A
2.5 K
2.5 K
2.5 K
2.5 K
N/A
N/A
N/A
2.5 K
2.5 K
Price To Book
2.9
1.05
1.36
3.49
N/A
N/A
N/A
N/A
1.81
N/A
Five Year Return
7.31
7.68
10.96
4.16
-9.92
-20.45
-19.83
-20.03
9.14
-13.03
One Year Return
13.95
55.8
19.29
19.99
5.58
-19.63
-18.59
-18.75
49.52
-23.06
Last Dividend Paid
N/A
2.26
0.54
N/A
0.01
0.03
0.03
0.03
0.25
0.05
Price To Earning
20.5
13.33
16.52
18.21
N/A
N/A
N/A
N/A
19.88
N/A
Price To Sales
1.29
2.59
0.86
4.68
N/A
N/A
N/A
N/A
1.08
N/A
Cash Position Weight
0.86
0.87
3.36
1.44
1.95
93.66
93.66
93.66
41.46
53.63
Equity Positions Weight
99.48
99.13
96.64
98.56
N/A
13.68
13.68
13.68
5.17
N/A
Three Year Return
0.95
3.21
3.56
-1.54
-17.59
-8.7
-7.75
-7.98
-1.87
-2.36
Annual Yield
N/A
0.0137
0.0215
N/A
0.0243
0.063
0.0486
0.0518
0.0019
0.0801
Year To Date Return
6.06
33.87
10.2
4.2
0.33
0.21
0.61
0.47
24.85
1.33
Bond Positions Weight
N/A
N/A
N/A
N/A
52.66
0.27
0.27
0.27
45.36
24.25
Ten Year Return
13.41
2.57
3.44
17.31
9.73
-19.77
-18.94
-19.14
9.77
-13.46
Day Typical Price
36.76
100.63
82.67
68.96
22.59
11.77
15.23
14.4
65.58
44.08
Daily Balance Of Power
9.2 T
(9,223,372,036,855)
9.2 T
(9,223,372,036,855)
9.2 T
9.2 T
(9,223,372,036,855)
9.2 T
9.2 T
(9,223,372,036,855)
Period Momentum Indicator
0.03
(0.44)
0.41
(0.15)
0.25
0.11
(0.13)
0.12
0.35
(0.14)
Rate Of Daily Change
1.0
1.0
1.0
1.0
1.01
1.01
0.99
1.01
1.01
1.0
Day Median Price
36.76
100.63
82.67
68.96
22.59
11.77
15.23
14.4
65.58
44.08
Price Action Indicator
0.015
(0.22)
0.2
(0.07)
0.13
0.055
(0.07)
0.06
0.17
(0.07)
Relative Strength Index
56.12
72.52
46.99
69.76
49.8
29.04
29.13
29.15
76.32
20.52
Coefficient Of Variation
(1,324)
651.19
1210.2
(3,004)
(1,630)
(1,687)
(1,189)
(1,750)
795.9
(914.67)
Mean Deviation
0.582
1.09
0.7698
0.8138
0.7914
0.7638
0.7519
0.7555
1.38
0.8995
Jensen Alpha
(0.14)
0.0218
(0.04)
(0.16)
(0.04)
(0.08)
0.0206
(0.08)
(0.05)
0.035
Total Risk Alpha
(0.18)
(0.03)
(0.09)
(0.23)
(0.25)
(0.26)
(0.29)
(0.26)
(0.09)
(0.37)
Sortino Ratio
N/A
0.119
(0.06)
N/A
N/A
N/A
N/A
N/A
0.0631
N/A
Downside Variance
N/A
1.09
0.9118
N/A
N/A
N/A
N/A
N/A
2.95
N/A
Standard Deviation
0.716
1.71
0.9812
1.1
1.07
1.11
1.1
1.1
1.96
1.29
Kurtosis
0.3058
16.22
1.22
2.83
1.23
1.43
1.66
1.52
4.62
4.86
Potential Upside
0.9577
2.45
1.71
1.51
1.64
2.43
2.5
2.45
3.14
1.66
Treynor Ratio
(0.10)
0.1397
0.0836
(0.05)
0.2478
(1.20)
0.1062
(1.23)
0.1064
0.1037
Maximum Drawdown
3.56
12.77
4.29
6.21
5.15
5.9
5.84
5.9
11.43
8.97
Variance
0.5127
2.91
0.9627
1.21
1.15
1.22
1.2
1.21
3.83
1.67
Market Risk Adjusted Performance
(0.09)
0.1497
0.0936
(0.04)
0.2578
(1.19)
0.1162
(1.22)
0.1164
0.1137
Risk Adjusted Performance
(0.06)
0.1229
0.0654
(0.02)
(0.04)
(0.04)
(0.06)
(0.04)
0.1021
(0.08)
Skewness
(0.60)
2.95
(0.25)
(1.22)
(0.13)
0.5207
0.6294
0.5485
1.09
(1.08)
Semi Deviation
N/A
0.814
0.8942
N/A
N/A
N/A
N/A
N/A
1.4
N/A
Information Ratio
(0.27)
0.0729
(0.06)
(0.16)
(0.19)
(0.18)
(0.21)
(0.18)
0.0554
(0.22)
Value At Risk
(1.21)
(1.99)
(1.38)
(1.75)
(1.83)
(1.55)
(1.57)
(1.54)
(2.44)
(2.02)
Expected Short fall
N/A
(1.42)
(0.85)
N/A
N/A
N/A
N/A
N/A
(1.48)
N/A
Downside Deviation
N/A
1.05
0.9549
N/A
N/A
N/A
N/A
N/A
1.72
N/A
Semi Variance
N/A
0.6626
0.7997
N/A
N/A
N/A
N/A
N/A
1.97
N/A

Health Care Competition Performance Charts

Five steps to successful analysis of Health Care Competition

Health Care'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 Health Care Fund in relation to its competition. Health Care's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Health Care 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 Health Care's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Health Care Fund, 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 Health Care position

In addition to having Health Care 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.

Did You Try This Idea?

Run Airlines Thematic Idea Now

Airlines
Airlines Theme
Domestic and international airlines and airline services. The Airlines theme has 39 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 Airlines Theme or any other thematic opportunities.
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Other Information on Investing in Health Mutual Fund

Health Care financial ratios help investors to determine whether Health 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 Health with respect to the benefits of owning Health Care security.
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