Nova Fund Financials
| RYNCX Fund | USD 107.40 0.52 0.49% |
Nova |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Nova Fund Fund Summary
Nova Fund competes with Ab Select, Astor Long/short, Touchstone Ultra, Vanguard Institutional, and Quantitative. The fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index and leveraged derivative instruments. The index is a capitalization-weighted index composed of 500 common stocks, which are chosen by the Standard Poors Corporation on a statistical basis, and which generally represent large-capitalization companies with capitalizations ranging from 6.7 billion to 3. The fund is non-diversified.Specialization | Trading--Leveraged Equity, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Rydex Series Funds |
| Mutual Fund Family | Rydex Funds |
| Mutual Fund Category | Trading--Leveraged Equity |
| Benchmark | Dow Jones Industrial |
| Phone | 800 820 0888 |
| Currency | USD - US Dollar |
Nova Fund Key Financial Ratios
Nova Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nova Fund's current stock value. Our valuation model uses many indicators to compare Nova Fund value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nova Fund competition to find correlations between indicators driving Nova Fund's intrinsic value. More Info.Nova Fund Class is rated top fund in price to earning among similar funds. It also is rated top fund in price to book among similar funds fabricating about 0.14 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Nova Fund Class is roughly 7.15 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nova Fund's earnings, one of the primary drivers of an investment's value.Nova Fund Class Systematic Risk
Nova Fund's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nova Fund volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Nova Fund Class correlated with the market. If Beta is less than 0 Nova Fund generally moves in the opposite direction as compared to the market. If Nova Fund Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nova Fund Class is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nova Fund is generally in the same direction as the market. If Beta > 1 Nova Fund moves generally in the same direction as, but more than the movement of the benchmark.
Nova Fund November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Nova Fund help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nova Fund Class. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nova Fund Class based on widely used predictive technical indicators. In general, we focus on analyzing Nova Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nova Fund's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.0096 | |||
| Maximum Drawdown | 5.77 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 1.71 |
Other Information on Investing in Nova Mutual Fund
Nova Fund financial ratios help investors to determine whether Nova 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 Nova with respect to the benefits of owning Nova Fund security.
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