Precious Metals is trading at 34.13 as of the 1st of May 2024; that is -4.72 percent decrease since the beginning of the trading day. The fund's open price was 35.82. Precious Metals has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Precious Metals Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of March 2024 and ending today, the 1st of May 2024. Click here to learn more.
Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Precious Metals 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 Precious Metals Fund
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Precious Metals' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Precious Metals or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Precious Metals Fund [RYMNX] is traded in USA and was established 1st of May 2024. The fund is listed under Equity Precious Metals category and is part of Rydex Funds family. This fund at this time has accumulated 77.08 M in assets with minimum initial investment of 2.5 K. Precious Metals is currently producing year-to-date (YTD) return of 13.03% with the current yeild of 0.04%, while the total return for the last 3 years was -1.3%.
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Investors will always prefer to have the highest possible return on investment while minimizing volatility. Precious Metals market risk premium is the additional return an investor will receive from holding Precious Metals 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 Precious Metals. 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 Precious Metals' alpha and beta are two of the key measurements used to evaluate Precious Metals' performance over the market, the standard measures of volatility play an important role as well.
Picking the right benchmark for Precious Metals 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 Precious Metals 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 Precious Metals is critical whether you are bullish or bearish towards Precious Metals Fund at a given time. Please also check how Precious Metals' historical prices are related to one of the top price index indicators.
Our tools can tell you how much better you can do entering a position in Precious Metals 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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Before investing in Precious Metals, 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 Precious Metals. To buy Precious Metals fund, you can follow these steps:
Choose a brokerage firm: You need to select a brokerage firm to buy shares of Precious Metals. 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 Precious Metals fund. You can do this by transferring funds from your bank account or other investment accounts.
Place your order: Once you have located Precious Metals 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 Precious Metals 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 Precious Metals 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.
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The danger of trading Precious Metals 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 Precious Metals 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 Precious Metals. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Precious Metals 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 Precious Metals 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 board of governors. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Please note, there is a significant difference between Precious Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Precious Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precious Metals' 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.