RYHGX Mutual Fund Quote

RYHGX
 Fund
  

USD 111.00  0.18  0.16%   

Market Performance
1 of 100
Odds Of Distress
Less than 1
HIGH YIELD is trading at 111.00 as of the 9th of December 2022; that is -0.16 percent decrease since the beginning of the trading day. The fund's open price was 111.18. HIGH YIELD has a very small chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for HIGH YIELD STRATEGY are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of November 2022 and ending today, the 9th of December 2022. Click here to learn more.
CUSIP
78356A442
ISIN
US78356A4426
Fiscal Year End
March
The fund will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in financial instruments that in combination have economic characteristics similar to the U.S. and Canadian high yield bond markets andor in high yield debt securities. More on HIGH YIELD STRATEGY

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HIGH YIELD 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. HIGH YIELD's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding HIGH YIELD or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
HIGH YIELD STRATEGY is unlikely to experience financial distress in the next 2 years
The fund maintains about 58.23% of its assets in cash
Thematic Ideas
(view all).
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of HIGH YIELD's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
Startdate16th of April 2007
HIGH YIELD STRATEGY [RYHGX] is traded in USA and was established 9th of December 2022. The fund is listed under High Yield Bond category and is part of Rydex Funds family. The entity is thematically classified as Junk Bonds. HIGH YIELD STRATEGY at this time has accumulated 8.45 M in assets with no minimum investment requirements, while the total return for the last 3 years was 1.88%.
Check HIGH YIELD 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 RYHGX 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 RYHGX 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 HIGH YIELD STRATEGY 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 HIGH YIELD STRATEGY Mutual Fund Constituents

HIGH YIELD Target Price Odds Analysis

Based on a normal probability distribution, the odds of HIGH YIELD jumping above the current price in 90 days from now is about 8.25%. The HIGH YIELD STRATEGY probability density function shows the probability of HIGH YIELD mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon HIGH YIELD has a beta of 0.533 indicating as returns on the market go up, HIGH YIELD average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding HIGH YIELD STRATEGY will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. HIGH YIELD STRATEGY is significantly underperforming NYSE Composite.
  Odds Below 111.0HorizonTargetOdds Above 111.0
91.58%90 days
 111.00 
8.25%
Based on a normal probability distribution, the odds of HIGH YIELD to move above the current price in 90 days from now is about 8.25 (This HIGH YIELD STRATEGY probability density function shows the probability of RYHGX Mutual Fund to fall within a particular range of prices over 90 days) .

HIGH YIELD STRATEGY Risk Profiles

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

HIGH YIELD Against Markets

Picking the right benchmark for HIGH YIELD 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 HIGH YIELD 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 HIGH YIELD is critical whether you are bullish or bearish towards HIGH YIELD STRATEGY at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in HIGH YIELD 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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Invested in HIGH YIELD STRATEGY?

The danger of trading HIGH YIELD STRATEGY 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 HIGH YIELD 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 HIGH YIELD. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile HIGH YIELD STRATEGY 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.
Additionally, take a look at Your Equity Center. Note that the HIGH YIELD STRATEGY information on this page should be used as a complementary analysis to other HIGH YIELD'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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