Health Care Fund Quote

RYHCX Fund  USD 30.72  0.41  1.35%   

Performance

13 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 35

 
100  
 
Zero
Below Average
Health Care is trading at 30.72 as of the 28th of March 2024; that is 1.35 percent up since the beginning of the trading day. The fund's open price was 30.31. Health Care has about a 35 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Health Care Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Health Care Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. More on Health Care Fund

Moving together with Health Mutual Fund

  0.91STFGX State Farm GrowthPairCorr
  0.88RYBHX Sp Midcap 400PairCorr

Moving against Health Mutual Fund

  0.83RYACX Inverse Nasdaq-100PairCorr
  0.82RYALX Inverse Nasdaq-100PairCorr
  0.81RYAIX Inverse Nasdaq-100PairCorr
  0.77RYAGX Inverse Mid-cap StrategyPairCorr
  0.57RYABX Government Long BondPairCorr
  0.54RYAFX Inverse Russell 2000PairCorr

Health Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Health Care's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Health Care or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationRydex Funds, Large Blend Funds, Health Funds, Health, Rydex Funds, Large Blend, Health (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date19th of August 2022
Fiscal Year EndMarch
Health Care Fund [RYHCX] is traded in USA and was established 28th of March 2024. Health Care is listed under Rydex Funds category by Fama And French industry classification. The fund is listed under Health category and is part of Rydex Funds family. This fund at this time has accumulated 26.49 M in assets with no minimum investment requirementsHealth Care Fund is currently producing year-to-date (YTD) return of 5.19%, while the total return for the last 3 years was 4.4%.
Check Health Care 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 Health 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 Health 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 Health Care Fund 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 Health Care Fund Mutual Fund Constituents

CVSCVS Health CorpStockHealth Care
ANTMAnthem IncStockHealthcare Plans
MDTMedtronic PLCStockHealth Care
GILDGilead SciencesStockHealth Care
UNHUnitedHealth Group IncorporatedStockHealth Care
TMOThermo Fisher ScientificStockHealth Care
SYKStrykerStockHealth Care
More Details

Health Care Target Price Odds Analysis

Based on a normal probability distribution, the odds of Health Care jumping above the current price in 90 days from now is about 5.15%. The Health Care Fund probability density function shows the probability of Health Care mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Health Care has a beta of 0.856 indicating Health Care Fund market returns are sensitive to returns on the market. As the market goes up or down, Health Care is expected to follow. Additionally, health Care Fund has an alpha of 0.017, implying that it can generate a 0.017 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 30.72HorizonTargetOdds Above 30.72
94.72%90 days
 30.72 
5.15%
Based on a normal probability distribution, the odds of Health Care to move above the current price in 90 days from now is about 5.15 (This Health Care Fund probability density function shows the probability of Health Mutual Fund to fall within a particular range of prices over 90 days) .

Health Care Fund Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Health Care market risk premium is the additional return an investor will receive from holding Health Care long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Health Care. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Health Care's alpha and beta are two of the key measurements used to evaluate Health Care's performance over the market, the standard measures of volatility play an important role as well.

Health Care Against Markets

Picking the right benchmark for Health Care mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Health Care mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Health Care is critical whether you are bullish or bearish towards Health Care Fund at a given time. Please also check how Health Care's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Health Care without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Health Mutual Fund?

Before investing in Health Care, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Health Care. To buy Health Care fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Health Care. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Health Care fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Health Care Fund fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Health Care Fund fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Health Care Fund, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Health Care Fund?

The danger of trading Health Care Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Health Care is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Health Care. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Health Care Fund is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Health Care Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the Health Care Fund information on this page should be used as a complementary analysis to other Health Care's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running Health Care's price analysis, check to measure Health Care's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Health Care is operating at the current time. Most of Health Care's value examination focuses on studying past and present price action to predict the probability of Health Care's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Health Care's price. Additionally, you may evaluate how the addition of Health Care to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Health Care's value and its price as these two are different measures arrived at by different means. Investors typically determine if Health Care is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Health Care's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.