Nasdaq 100 Competition

Mutual Funds USA . 
Fund . Nasdaq 100 2x Strategy
RYVLX Fund  USD 480.44  0.74  0.15%   
Nasdaq 100 2x competes with Semiconductor Ultrasector, Technology Ultrasector, HUMANA, Barloworld, and Thrivent High; as well as few others. The fund is listed under Trading--Leveraged Equity category and is part of Rydex Funds family. Analyzing Nasdaq 100 competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Nasdaq 100 to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Nasdaq 100 Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Nasdaq 100 competition on your existing holdings.
  
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nasdaq 100's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
478.35480.44482.53
Details
Intrinsic
Valuation
LowRealHigh
469.63471.72528.48
Details
Naive
Forecast
LowNextHigh
490.06492.15494.24
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
402.56446.79491.02
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nasdaq 100. Your research has to be compared to or analyzed against Nasdaq 100's peers to derive any actionable benefits. When done correctly, Nasdaq 100's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nasdaq 100 2x.

Nasdaq 100 Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nasdaq 100 and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Nasdaq and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Nasdaq 100 2x does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
ABHYX
+ 0.87
LBHIX
MSTSX
+ 0.84
LBHIX
VIASP
+ 0.8
MSTSX
LBHIX
+ 0.74
SMPIX
ABHYX
+ 0.74
SMPIX
MSTSX
+ 0.74
ABHYX
  
High negative correlations   
SCAXF
- 0.23
444859BR2
BRRAY
- 0.22
TEPIX
VIASP
- 0.2
444859BR2
BRRAY
- 0.17
SMPIX
MSTSX
- 0.16
444859BR2
BRRAY
- 0.16
444859BR2

Risk-Adjusted Indicators

There is a big difference between Nasdaq Mutual Fund performing well and Nasdaq 100 Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Nasdaq 100's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SMPIX  2.80  0.06  0.08  0.11  2.97 
(3.31)
 5.84 
(5.38)
 24.09 
TEPIX  1.35 (0.12)(0.02) 0.03  1.63 
(1.47)
 3.07 
(2.85)
 8.80 
444859BR2  0.70  0.16  0.04 (0.87) 1.07 
(0.78)
 1.73 
(0.97)
 8.02 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
BRRAY  1.16  0.24  0.00  0.57  0.00 
 0.00 
 2.12 
 0.00 
 35.79 
LBHIX  0.18  0.00 (0.24) 0.08  0.09 
(0.30)
 0.48 
(0.24)
 0.98 
ABHYX  0.14  0.01 (0.24) 0.23  0.10 
(0.19)
 0.34 
(0.34)
 1.14 
MSTSX  0.44  0.03  0.02  0.12  0.51 
(0.49)
 1.03 
(0.83)
 3.20 
SCAXF  4.41  2.06  0.00  1.19  0.00 
 0.00 
 0.00 
 0.00 
 147.93 
VIASP  1.35  0.20  0.12  0.21  1.77 
(1.48)
 3.96 
(2.60)
 13.41 

Nasdaq 100 Competitive Analysis

The better you understand Nasdaq 100 competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nasdaq 100's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Nasdaq 100's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
RYVLX SMPIX TEPIX 444859BR2 AQUI BRRAY LBHIX ABHYX MSTSX SCAXF
 0.15 
 480.44 
Nasdaq
 1.95 
 288.10 
Semiconductor
 0.36 
 144.73 
Technology
 6.06 
 84.12 
HUMANA
 0.00 
 0.01 
Aquagold
 2.12 
 4.34 
Barloworld
 0.24 
 4.16 
Thrivent
 0.11 
 8.81 
High
 0.09 
 11.18 
Morningstar
 0.00 
 0.03 
Sparta
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Unstable
Very steady
Very steady
Very steady
Out of control
Market Performance
(90 Days Performance)
Modest
OK
Modest
OK
Very Weak
Insignificant
OK
OK
Good
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Below Average
Average
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Under Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Hold
Cautious Hold
Strong Hold
Sell
Strong Sell
Strong Hold
Hold
Cautious Hold
Buy
Hold
Current Ratio
N/A
N/A
N/A
N/A
N/A
1.49
N/A
N/A
N/A
0.62
Net Asset
735.68 M
123.22 M
79.29 M
N/A
3.19 K
54.41 B
674.44 M
672.37 M
116.1 M
3.06 M
Profit Margin
N/A
N/A
N/A
N/A
N/A
0.0519
N/A
N/A
N/A
-0.1
EBITDA
N/A
N/A
N/A
N/A
(727.69 K)
2.77 B
N/A
N/A
N/A
(21.53 K)
Price To Book
4.56
3.32
3.83
N/A
N/A
0.99
1.58
N/A
N/A
34.42
Current Valuation
N/A
N/A
N/A
N/A
912.76 K
1.11 B
N/A
N/A
N/A
5.73 M
Operating Margin
N/A
N/A
N/A
N/A
N/A
0.1
N/A
N/A
N/A
-0.15
Five Year Return
27.28
45.23
25.62
N/A
N/A
3.98
2.82
1.64
9.03
N/A
Retained Earnings
N/A
N/A
N/A
N/A
(4.18 M)
13.37 B
N/A
N/A
N/A
N/A
Current Asset
N/A
N/A
N/A
N/A
N/A
25.84 B
N/A
N/A
N/A
N/A
One Year Return
70.41
100.0
50.72
N/A
N/A
N/A
8.88
4.92
17.63
N/A
Beta
N/A
N/A
N/A
N/A
7.05
0.63
N/A
N/A
N/A
1.75
Cash Position Weight
14.9
26.48
19.11
N/A
N/A
N/A
6.56
0.1
14.28
N/A
Equity Positions Weight
81.39
73.52
76.66
N/A
N/A
N/A
0.07
N/A
61.63
N/A
Number Of Employees
1
1
1
N/A
7
36
1
1
1
8
Shares Outstanding
N/A
N/A
N/A
N/A
965.83 K
185.7 M
N/A
N/A
N/A
233.95 M
Three Year Return
10.21
40.59
12.46
N/A
N/A
N/A
1.48
-1.4
5.49
N/A
Cash Flow From Operations
N/A
N/A
N/A
N/A
(218.19 K)
1.89 B
N/A
N/A
N/A
210.37 K
Annual Yield
N/A
N/A
N/A
N/A
N/A
0.0543
0.0582
0.0041
0.0223
N/A
Total Debt
N/A
N/A
N/A
N/A
N/A
8.64 B
N/A
N/A
N/A
125 K
Return On Equity
N/A
N/A
N/A
N/A
N/A
0.0588
N/A
N/A
N/A
N/A
Bond Positions Weight
N/A
N/A
N/A
N/A
N/A
N/A
92.23
2.0
22.72
N/A
Z Score
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
37.6
Holdings Turnover
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
269.0
N/A
Return On Asset
N/A
N/A
N/A
N/A
-5.5
0.047
N/A
N/A
N/A
-0.21
Book Value Per Share
N/A
N/A
N/A
N/A
-1.18
99.76
N/A
N/A
N/A
-0.002
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Minimum Initial Investment
N/A
15 K
N/A
N/A
N/A
N/A
2 K
N/A
N/A
N/A
Current Liabilities
N/A
N/A
N/A
N/A
794 K
13.9 B
N/A
N/A
N/A
N/A
Total Asset
80.59 M
117.21 M
75.04 M
N/A
3.19 K
54.41 B
347.66 M
243.16 M
215.11 M
3.06 M
Debt To Equity
N/A
N/A
N/A
N/A
N/A
0.68
N/A
N/A
N/A
101.0
Target Price
N/A
N/A
N/A
N/A
N/A
7.68
N/A
N/A
N/A
N/A
Last Dividend Paid
N/A
N/A
N/A
N/A
N/A
4.6
0.02
0.03
N/A
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Market Capitalization
N/A
N/A
N/A
N/A
96.58 K
955.54 M
N/A
N/A
50.36 M
7.72 M
Price To Earning
20.67
13.29
2.02
N/A
-0.22
9.18
35.48
N/A
N/A
19.55
Price To Sales
2.92
3.32
2.89
N/A
N/A
0.0285
1.23
N/A
N/A
0.63
Net Income
N/A
N/A
N/A
N/A
(627.79 K)
2.04 B
N/A
N/A
N/A
(609.44 K)
Earnings Per Share
N/A
N/A
N/A
N/A
-0.63
0.35
N/A
N/A
N/A
-0.003
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
9.51
Year To Date Return
11.94
52.58
7.78
N/A
N/A
N/A
1.24
1.8
7.81
N/A
Revenue
N/A
N/A
N/A
N/A
N/A
39.38 B
N/A
N/A
N/A
5.19 M
Ten Year Return
32.76
22.01
23.02
N/A
N/A
N/A
6.0
4.84
N/A
N/A
Working Capital
N/A
N/A
N/A
N/A
(794 K)
11.95 B
N/A
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
N/A
1.15 K
5.11 B
N/A
N/A
N/A
909.32 K
Cash Per Share
N/A
N/A
N/A
N/A
N/A
25.52
N/A
N/A
N/A
N/A
Gross Profit
N/A
N/A
N/A
N/A
(143.88 K)
5.12 B
N/A
N/A
N/A
3.68 M
Day Typical Price
480.44
288.1
144.73
84.12
0.006
4.34
4.16
8.81
11.18
0.03
Accumulation Distribution
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Market Facilitation Index
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Daily Balance Of Power
(9,223,372,036,855)
(9,223,372,036,855)
(9,223,372,036,855)
9.2 T
0.0
9.2 T
9.2 T
(9,223,372,036,855)
9.2 T
0.0
Period Momentum Indicator
(0.74)
(5.72)
(0.53)
4.81
N/A
0.09
0.01
(0.01)
0.01
N/A
Rate Of Daily Change
1.0
0.98
1.0
1.06
1.0
1.02
1.0
1.0
1.0
1.0
Day Median Price
480.44
288.1
144.73
84.12
0.006
4.34
4.16
8.81
11.18
0.03
Price Action Indicator
(0.37)
(2.86)
(0.27)
2.41
N/A
0.045
0.005
(0.01)
0.005
N/A
Relative Strength Index
58.33
56.74
58.22
52.61
N/A
67.3
61.69
63.23
66.85
100.0
Coefficient Of Variation
1882.75
1054.6
2547.8
972.04
N/A
1333.47
914.57
756.15
537.11
812.4
Mean Deviation
1.61
2.8
1.35
0.7049
N/A
1.16
0.1816
0.1401
0.4439
4.41
Jensen Alpha
(0.12)
0.0635
(0.12)
0.156
N/A
0.24
(0)
0.0098
0.0261
2.06
Total Risk Alpha
(0.22)
(0.23)
(0.21)
(0.08)
N/A
(0.31)
(0.02)
(0.01)
0.0106
(0.55)
Sortino Ratio
0.0056
0.0773
(0.02)
0.0388
N/A
N/A
(0.24)
(0.24)
0.02
N/A
Downside Variance
3.99
10.94
2.9
1.79
N/A
N/A
0.0955
0.0902
0.5621
N/A
Standard Deviation
2.08
3.74
1.79
1.47
N/A
3.93
0.2377
0.1982
0.6146
18.21
Kurtosis
(0)
2.19
0.2224
16.16
N/A
35.64
(0.29)
3.9
1.84
66.0
Potential Upside
3.24
5.84
3.07
1.73
N/A
2.12
0.4843
0.3417
1.03
N/A
Treynor Ratio
0.041
0.1096
0.0305
(0.87)
N/A
0.5737
0.0802
0.2278
0.1193
1.19
Maximum Drawdown
10.12
24.09
8.8
8.02
N/A
35.79
0.978
1.14
3.2
147.93
Variance
4.34
14.01
3.19
2.17
N/A
15.41
0.0565
0.0393
0.3777
331.58
Market Risk Adjusted Performance
0.051
0.1196
0.0405
(0.86)
N/A
0.5837
0.0902
0.2378
0.1293
1.2
Risk Adjusted Performance
0.0383
0.064
0.0297
0.0663
N/A
0.0524
0.0494
0.0579
0.1095
0.0818
Skewness
0.1598
0.4304
0.2935
1.33
N/A
4.53
(0.01)
(1.18)
(0.76)
8.12
Semi Deviation
1.85
2.97
1.63
1.07
N/A
N/A
0.0946
0.1031
0.5075
N/A
Information Ratio
0.0054
0.0683
(0.02)
0.0353
N/A
0.0497
(0.31)
(0.37)
0.0244
0.1176
Value At Risk
(3.35)
(5.38)
(2.85)
(0.97)
N/A
N/A
(0.24)
(0.34)
(0.83)
N/A
Expected Short fall
(1.82)
(3.31)
(1.47)
(0.78)
N/A
N/A
(0.30)
(0.19)
(0.49)
N/A
Downside Deviation
2.0
3.31
1.7
1.34
N/A
N/A
0.3091
0.3003
0.7497
N/A
Semi Variance
3.42
8.85
2.65
1.14
N/A
N/A
0.009
0.0106
0.2576
N/A

Nasdaq 100 Competition Performance Charts

Five steps to successful analysis of Nasdaq 100 Competition

Nasdaq 100's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Nasdaq 100 2x in relation to its competition. Nasdaq 100's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Nasdaq 100 in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Nasdaq 100's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nasdaq 100 2x, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Nasdaq 100 position

In addition to having Nasdaq 100 in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Moderate Funds
Moderate Funds Theme
Funds or Etfs that combine stocks, bonds and money market instruments to get modest capital appreciation over time. The Moderate Funds theme has 47 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Moderate Funds Theme or any other thematic opportunities.
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Check out Nasdaq 100 Correlation with its peers.
You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between Nasdaq 100's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nasdaq 100 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nasdaq 100'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.
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