Banking Fund Class Fund Quote

RYKCX Fund  USD 65.57  1.64  2.57%   

Performance

3 of 100

 
Low
 
High
Insignificant

Odds Of Distress

Less than 43

 
100  
 
Zero
Below Average
Banking Fund is trading at 65.57 as of the 28th of March 2024; that is 2.57 percent up since the beginning of the trading day. The fund's open price was 63.93. Banking Fund has about a 43 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Banking Fund Class are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of January 2024 and ending today, the 28th of March 2024. Click here to learn more.
The fund invests substantially all of its net assets in equity securities of Banking 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 Banking Fund Class

Moving together with Banking Mutual Fund

  0.63RYBAX Basic Materials FundPairCorr
  0.66RYBKX Banking Fund ClassPairCorr
  0.63RYBMX Basic Materials FundPairCorr

Moving against Banking Mutual Fund

  0.43RYAQX Inverse Government LongPairCorr

Banking 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. Banking Fund's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Banking Fund or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationRydex Funds, Large Funds, Financial Funds, Financial, Rydex Funds (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date19th of August 2022
Fiscal Year EndMarch
Banking Fund Class [RYKCX] is traded in USA and was established 28th of March 2024. Banking Fund is listed under Rydex Funds category by Fama And French industry classification. The fund is listed under Financial category and is part of Rydex Funds family. This fund at this time has accumulated 10.89 M in assets with no minimum investment requirementsBanking Fund Class is currently producing year-to-date (YTD) return of 0.63% with the current yeild of 0.02%, while the total return for the last 3 years was -3.65%.
Check Banking Fund Probability Of Bankruptcy

Instrument Allocation

Top Banking Fund Class Mutual Fund Constituents

FITBFifth Third BancorpStockFinancials
BACBank Of AmericaStockFinancials
BKBank Of NewStockFinancials
CCitigroupStockFinancials
COFCapital One FinancialStockFinancials
FRCFIRST REP BKStockFinancials
JPMJPMorgan Chase CoStockFinancials
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Banking Fund Target Price Odds Analysis

Based on a normal probability distribution, the odds of Banking Fund jumping above the current price in 90 days from now is near 1%. The Banking Fund Class probability density function shows the probability of Banking Fund mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Banking Fund Class has a beta of -0.1623 indicating as returns on benchmark increase, returns on holding Banking Fund are expected to decrease at a much lower rate. During the bear market, however, Banking Fund Class is likely to outperform the market. Additionally, banking Fund Class has an alpha of 0.0433, implying that it can generate a 0.0433 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 65.57HorizonTargetOdds Above 65.57
99.37%90 days
 65.57 
0.61%
Based on a normal probability distribution, the odds of Banking Fund to move above the current price in 90 days from now is near 1 (This Banking Fund Class probability density function shows the probability of Banking Mutual Fund to fall within a particular range of prices over 90 days) .

Banking Fund Class Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Banking Fund market risk premium is the additional return an investor will receive from holding Banking Fund 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 Banking Fund. 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 Banking Fund's alpha and beta are two of the key measurements used to evaluate Banking Fund's performance over the market, the standard measures of volatility play an important role as well.

Banking Fund Against Markets

Picking the right benchmark for Banking Fund 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 Banking Fund 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 Banking Fund is critical whether you are bullish or bearish towards Banking Fund Class at a given time. Please also check how Banking Fund'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 Banking Fund 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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Risk-Return Analysis

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How to buy Banking Mutual Fund?

Before investing in Banking Fund, 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 Banking Fund. To buy Banking Fund fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Banking Fund. 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 Banking Fund fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Banking Fund Class 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 Banking Fund Class 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 Banking Fund Class, 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 Banking Fund Class?

The danger of trading Banking Fund Class 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 Banking Fund 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 Banking Fund. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Banking Fund Class 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 Banking Fund Class. 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 Banking Fund Class information on this page should be used as a complementary analysis to other Banking Fund'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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for Banking Mutual Fund analysis

When running Banking Fund's price analysis, check to measure Banking Fund'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 Banking Fund is operating at the current time. Most of Banking Fund's value examination focuses on studying past and present price action to predict the probability of Banking Fund's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Banking Fund's price. Additionally, you may evaluate how the addition of Banking Fund to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Banking Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Banking Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Banking Fund'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.