Sp 500 Competition

RYZAX Fund

USD 133.43 1.05 0.79%

Sp 500 Pure competes with Sp Smallcap, Sp Midcap, Allspring Exchange, Fidelity Income, and Banking Fund; as well as few others. The fund is listed under Large Value category and is part of Rydex Funds family. Analyzing Sp 500 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 Sp 500 to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Sp 500 Correlation with its peers.

Sp 500 vs Commodities Strategy Correlation

Poor diversification

The correlation between Sp 500 Pure and RYMBX is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sp 500 Pure and RYMBX in the same portfolio, assuming nothing else is changed.

Moving together with RYZAX Mutual Fund

0.92	RYBCX	Basic Materials	Pair Corr
0.93	RYBAX	Basic Materials	Pair Corr
0.93	RYBKX	Banking Fund Class	Pair Corr
0.91	RYBMX	Basic Materials	Pair Corr
0.89	RYBHX	Sp Midcap 400	Pair Corr

Moving against RYZAX Mutual Fund

0.93	RYAGX	Inverse Mid Cap	Pair Corr
0.89	RYAFX	Inverse Russell 2000	Pair Corr
0.67	RYABX	Government Long Bond	Pair Corr
0.59	RYARX	Inverse Sp 500	Pair Corr

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Hype

Prediction

Low	Estimated	High
120.09	154.76	155.67

Details

Intrinsic

Valuation

Low	Real	High
120.09	145.75	146.66

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sp 500. Your research has to be compared to or analyzed against Sp 500's peers to derive any actionable benefits. When done correctly, Sp 500'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 Sp 500 Pure.

Sp 500 Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Sp 500 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 RYZAX 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 Sp 500 Pure does not affect the price movement of the other competitor.

	RYAZX	RYAVX	ALRG	COIA	RSMR	RISEX	FRQIX	RYKIX	RYWAX	RYMBX
RYAZX		0.98	0.77	-0.77	0.94	0.0	0.93	0.88	0.95	0.77	RYAZX
RYAVX	0.98		0.76	-0.77	0.92	0.0	0.9	0.91	0.93	0.72	RYAVX
ALRG	0.77	0.76		-0.48	0.89	0.0	0.86	0.79	0.85	0.61	ALRG
COIA	-0.77	-0.77	-0.48		-0.76	0.0	-0.77	-0.79	-0.71	-0.69	COIA
RSMR	0.94	0.92	0.89	-0.76		0.0	0.96	0.95	0.97	0.7	RSMR
RISEX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	RISEX
FRQIX	0.93	0.9	0.86	-0.77	0.96	0.0		0.88	0.93	0.82	FRQIX
RYKIX	0.88	0.91	0.79	-0.79	0.95	0.0	0.88		0.91	0.59	RYKIX
RYWAX	0.95	0.93	0.85	-0.71	0.97	0.0	0.93	0.91		0.69	RYWAX
RYMBX	0.77	0.72	0.61	-0.69	0.7	0.0	0.82	0.59	0.69		RYMBX
	RYAZX	RYAVX	ALRG	COIA	RSMR	RISEX	FRQIX	RYKIX	RYWAX	RYMBX

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High positive correlations

RYAVX	+ 0.98	RYAZX
RYWAX	+ 0.97	RSMR
FRQIX	+ 0.96	RSMR
RYWAX	+ 0.95	RYAZX
RYKIX	+ 0.95	RSMR
RSMR	+ 0.94	RYAZX

High negative correlations

RYKIX	- 0.79	COIA
FRQIX	- 0.77	COIA
COIA	- 0.77	RYAVX
COIA	- 0.77	RYAZX
RSMR	- 0.76	COIA
RYWAX	- 0.71	COIA

Risk-Adjusted Indicators

There is a big difference between RYZAX Mutual Fund performing well and Sp 500 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 Sp 500'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
RYAZX	1.01	0.14	0.16	0.21	0.75	(1.21)	2.83	(1.48)	5.76
RYAVX	0.89	0.08	0.08	0.17	0.77	(0.94)	2.67	(1.62)	4.85
ALRG	0.59	(0.03)	(0.06)	0.05	0.75	(0.63)	1.41	(1.29)	3.69
COIA	5.73	(2.40)	0.00	(0.38)	0.00	0.00	10.41	(14.08)	42.84
RSMR	0.28	0.03	(0.05)	0.18	0.16	(0.33)	0.81	(0.70)	2.00
RISEX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FRQIX	0.15	0.01	(0.31)	0.17	0.00	(0.18)	0.36	(0.30)	0.85
RYKIX	0.84	0.12	0.11	0.21	0.85	(0.92)	2.10	(1.58)	4.85
RYWAX	0.82	0.05	0.06	0.14	0.76	(1.00)	1.87	(1.50)	4.88
RYMBX	0.92	0.13	0.03	2.30	1.01	(1.06)	1.82	(1.59)	6.05

Sp 500 Competitive Analysis

The better you understand Sp 500 competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Sp 500'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 Sp 500'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

	RYZAX	RYAZX	RYAVX	ALRG	COIA	RSMR	RISEX	FRQIX	RYKIX	RYWAX
	0.79 133.43 RYZAX	0.26 250.68 RYAZX	0.14 84.69 RYAVX	0.18 27.87 Allspring	13.90 4.15 ProShares	0.09 22.55 First	0.00 10.88 Domini	0.05 57.39 Fidelity	1.58 128.94 Banking	0.08 59.88 RYWAX
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very risky	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Solid	Good	Mild	Weakest	Solid	Weakest	Solid	Solid	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Fair	Fair	Hazard	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Under Valued	Fairly Valued	Over Valued	Fairly Valued	Over Valued	Over Valued	Under 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	Strong Buy	Buy	Strong Hold	Strong Sell	Strong Hold	Not Rated	Strong Sell	Strong Buy	Strong Hold
Net Asset	11.07 M	48.88 M	6.05 M	N/A	N/A	N/A	23.22 M	9.16 M	8.97 M	92.31 M
Minimum Initial Investment	N/A	N/A	N/A	N/A	N/A	N/A	2.5 K	N/A	N/A	N/A
Price To Book	1.12	0.76	1.1	N/A	N/A	N/A	N/A	2.3	1.38	2.68
Five Year Return	12.33	12.27	11.49	N/A	N/A	N/A	N/A	2.62	11.07	2.33
One Year Return	15.9	12.87	14.92	N/A	N/A	N/A	N/A	9.48	25.14	10.94
Last Dividend Paid	0.7	N/A	0.02	N/A	N/A	N/A	0.05	0.01	2.26	N/A
Price To Earning	13.97	13.51	14.89	N/A	N/A	N/A	N/A	19.07	15.27	21.35
Price To Sales	0.64	0.28	0.39	N/A	N/A	N/A	N/A	1.77	3.46	1.56
Cash Position Weight	0.48	0.95	0.24	N/A	N/A	N/A	0.61	7.44	0.69	0.41
Equity Positions Weight	99.44	99.51	99.75	N/A	N/A	N/A	99.39	23.13	99.36	99.66
Three Year Return	8.8	8.55	10.87	N/A	N/A	N/A	N/A	7.0	15.81	11.75
Annual Yield	0.0019	2.0E-4	0.0014	N/A	N/A	N/A	0.0114	0.0309	0.0323	N/A
Year To Date Return	3.44	7.69	9.97	N/A	N/A	N/A	N/A	1.51	7.91	6.49
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	N/A	N/A	7.63	N/A	N/A
Ten Year Return	6.73	1.06	4.51	N/A	N/A	N/A	N/A	6.89	2.86	8.03
Day Typical Price	133.43	250.68	84.69	27.87	4.15	22.54	10.88	57.39	128.94	59.88
Accumulation Distribution	N/A	N/A	N/A	N/A	N/A	9.0E-4	N/A	N/A	N/A	N/A
Market Facilitation Index	N/A	N/A	N/A	N/A	N/A	0.02	N/A	N/A	N/A	N/A
Daily Balance Of Power	9.2 T	0	9.2 T	0	0	1.0	0.0	0	0	0
Period Momentum Indicator	1.05	(0.66)	0.12	(0.05)	(0.67)	0.02	N/A	(0.03)	(2.07)	(0.05)
Rate Of Daily Change	1.01	1.0	1.0	1.0	0.86	1.0	1.0	1.0	0.98	1.0
Day Median Price	133.43	250.68	84.69	27.87	4.15	22.54	10.88	57.39	128.94	59.88
Price Action Indicator	0.53	(0.33)	0.06	(0.03)	(0.33)	0.02	N/A	(0.01)	(1.03)	(0.03)
Coefficient Of Variation	407.68	492.28	622.78	1514.7	(419.90)	474.62	N/A	482.07	489.24	689.46
Mean Deviation	0.6781	1.01	0.8913	0.5924	5.73	0.2803	N/A	0.154	0.8439	0.8205
Jensen Alpha	0.1384	0.1431	0.079	(0.03)	(2.40)	0.0347	N/A	0.0145	0.119	0.0491
Total Risk Alpha	0.1029	0.1025	0.0408	(0.05)	(2.88)	0.0269	N/A	0.0079	0.0857	0.0199
Sortino Ratio	0.138	0.1599	0.0813	(0.06)	N/A	(0.05)	N/A	(0.31)	0.1127	0.0612
Downside Variance	0.6816	1.06	1.16	0.6836	N/A	0.1912	N/A	0.0402	1.18	0.8412
Standard Deviation	0.8861	1.32	1.19	0.763	8.05	0.3971	N/A	0.1997	1.11	1.1
Kurtosis	(0.15)	0.5836	0.5053	0.4046	2.11	1.17	N/A	0.2582	0.301	1.25
Potential Upside	1.8	2.83	2.67	1.41	10.41	0.8123	N/A	0.3571	2.1	1.87
Treynor Ratio	0.2806	0.21	0.1659	0.0534	(0.38)	0.1764	N/A	0.1735	0.2079	0.139
Maximum Drawdown	3.6	5.76	4.85	3.69	42.84	2.0	N/A	0.8534	4.85	4.88
Variance	0.7853	1.74	1.41	0.5822	64.85	0.1577	N/A	0.0399	1.22	1.21
Market Risk Adjusted Performance	0.2906	0.22	0.1759	0.0634	(0.37)	0.1864	N/A	0.1835	0.2179	0.149
Risk Adjusted Performance	0.1955	0.165	0.1306	0.0519	(0.18)	0.157	N/A	0.1347	0.1648	0.1178
Skewness	0.1318	0.6282	0.5542	(0.39)	0.2617	0.1301	N/A	(0.30)	(0.01)	0.5394
Semi Deviation	0.4986	0.7455	0.7666	0.752	N/A	0.1555	N/A	0.0	0.845	0.7628
Information Ratio	0.1286	0.1247	0.0735	(0.07)	(0.25)	(0.05)	N/A	(0.31)	0.1109	0.0511
Value At Risk	(1.20)	(1.48)	(1.62)	(1.29)	(14.08)	(0.70)	N/A	(0.30)	(1.58)	(1.50)
Expected Short fall	(0.77)	(1.21)	(0.94)	(0.63)	N/A	(0.33)	N/A	(0.18)	(0.92)	(1.00)
Downside Deviation	0.8256	1.03	1.07	0.8268	N/A	0.4372	N/A	0.2006	1.09	0.9172
Semi Variance	0.2486	0.5558	0.5877	0.5655	N/A	0.0242	N/A	(0.01)	0.714	0.5818

Sp 500 Competition Performance Charts

Five steps to successful analysis of Sp 500 Competition

Sp 500'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 Sp 500 Pure in relation to its competition. Sp 500's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Sp 500 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 Sp 500's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Sp 500 Pure, 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 Sp 500 position

In addition to having Sp 500 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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Online Gaming

Companies that are involved in the building and marketing of online gaming-related products. The Online Gaming theme has 48 constituents at this time.

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Other Information on Investing in RYZAX Mutual Fund

Sp 500 financial ratios help investors to determine whether RYZAX 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 RYZAX with respect to the benefits of owning Sp 500 security.

	Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon
	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm

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