Is Direxion Monthly NASDAQ-100 Bull 1.75X Investor a Strong Mutual Fund Pick Right Now - Yahoo Finance
| RYNHX Fund | USD 136.10 0.78 0.57% |
Slightly above 62% of Nova Fund's investor base is looking to short. The analysis of overall sentiment of trading Nova Fund Class mutual fund suggests that many investors are alarmed at this time. Nova Fund's investing sentiment can be driven by a variety of factors including economic data, Nova Fund's earnings reports, geopolitical events, and overall market trends.
Nova |
Is Direxion Monthly NASDAQ-100 Bull 1.75X Investor a Strong Mutual Fund Pick Right Now Yahoo Finance
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Nova Fund Fundamental Analysis
We analyze Nova Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nova Fund using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nova Fund based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
One Year Return
One Year Return Comparative Analysis
Nova Fund is currently under evaluation in one year return among similar funds. One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Nova Fund Class Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nova Fund mutual fund to make a market-neutral strategy. Peer analysis of Nova Fund could also be used in its relative valuation, which is a method of valuing Nova Fund by comparing valuation metrics with similar companies.
Peers
Nova Fund Related Equities
| ETAHX | Eventide Healthcare | 1.62 | ||||
| THQ | Tekla Healthcare | 1.33 | ||||
| BGHDX | Baillie Gifford | 1.22 | ||||
| LYFAX | Alphacentric Lifesci | 0.59 | ||||
| BHSRX | Blackrock Health | 0.49 | ||||
| FHCCX | Fidelity Advisor | 0.47 |
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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