Nova Fund Class Fund Quote
| RYNCX Fund | USD 107.40 0.52 0.49% |
Performance8 of 100
| Odds Of DistressLess than 19
|
Nova Fund is trading at 107.40 as of the 25th of November 2024; that is 0.49 percent increase since the beginning of the trading day. The fund's open price was 106.88. Nova Fund has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Nova Fund Class are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of February 2023 and ending today, the 25th of November 2024. Click here to learn more.
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. More on Nova Fund Class
Moving together with Nova Mutual Fund
| 0.72 | RYBCX | Basic Materials | PairCorr |
| 0.73 | RYBAX | Basic Materials | PairCorr |
| 0.86 | RYBKX | Banking Fund Class | PairCorr |
| 0.73 | RYBMX | Basic Materials | PairCorr |
| 0.91 | RYBHX | Sp Midcap 400 | PairCorr |
| 0.74 | RYBIX | Basic Materials | PairCorr |
Moving against Nova Mutual Fund
Nova Mutual Fund Highlights
| Fund Concentration | Rydex Funds, Large Growth Funds, Trading--Leveraged Equity Funds, Trading--Leveraged Equity, Rydex Funds (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 19th of August 2022 |
| Fiscal Year End | March |
Nova Fund Class [RYNCX] is traded in USA and was established 25th of November 2024. Nova Fund is listed under Rydex Funds category by Fama And French industry classification. The fund is listed under Trading--Leveraged Equity category and is part of Rydex Funds family. This fund at this time has accumulated 256.46 M in assets with no minimum investment requirementsNova Fund Class is currently producing year-to-date (YTD) return of 32.05% with the current yeild of 0.01%, while the total return for the last 3 years was 7.92%.
Check Nova Fund Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Nova Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Nova Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Nova Fund Class Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Nova Fund Class Mutual Fund Constituents
| RYIFX | Guggenheim Managed Futures | Mutual Fund | Systematic Trend | |
| AAPL | Apple Inc | Stock | Information Technology | |
| AMZN | Amazon Inc | Stock | Consumer Discretionary | |
| GIYIX | Guggenheim Ultra Short | Mutual Fund | Ultrashort Bond | |
| GOOG | Alphabet Inc Class C | Stock | Communication Services | |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services | |
| JNJ | Johnson Johnson | Stock | Health Care | |
| JPM | JPMorgan Chase Co | Stock | Financials |
Nova Fund Class Risk Profiles
| Mean Deviation | 0.8177 | |||
| Semi Deviation | 1.04 | |||
| Standard Deviation | 1.16 | |||
| Variance | 1.34 |
Nova Fund Against Markets
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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