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RYWZX
Mutual Fund ticker: NASDAQ
AS OF
Oct 21 closing price
Price
$81.24
Change
+$3.07 (+3.93%)
Net Assets
457.04K

RYWZX Rydex Inverse Emerging Mkts 2X Strat C Forecast, Technical & Fundamental Analysis

The investment seeks to provide investment results that correlate, before fees and expenses, to 200% of the inverse (opposite) of the performance of the S&P Emerging 50 ADR Index on a daily basis... Show more

Category: #Trading
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A.I.Advisor
published Highlights

Industry description

The investment seeks to provide investment results that correlate, before fees and expenses, to 200% of the inverse (opposite) of the performance of the S&P Emerging 50 ADR Index on a daily basis. The fund invests at least 80% of its net assets in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index. The index is a capitalization weighted index comprised of the 50 largest emerging market based ADRs having a free-float market capitalization ranging from approximately $4.5 billion to $901. The fund is non-diversified.
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
Rydex Series Funds9601 Blackwell Road,Suite 500Rockville
Phone
N/A
Web
www.rydex-sgi.com
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RYWZX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, RYWZX has been closely correlated with RYVNX. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if RYWZX jumps, then RYVNX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RYWZX
1D Price
Change %
RYWZX100%
-2.98%
RYVNX - RYWZX
68%
Closely correlated
-2.55%
RYVTX - RYWZX
68%
Closely correlated
-2.56%
RYCDX - RYWZX
68%
Closely correlated
-2.55%
RYARX - RYWZX
68%
Closely correlated
-1.04%
RYUCX - RYWZX
68%
Closely correlated
-1.04%
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