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Username: ForexGuy

Rating:
Guru Stars

Asked to: Jacob Rogers

Date Created: 28 Jun 2019
Category 28
Tag Financial
Question Please give the definition of Nova/Ursa Ratio.
Advice from Guru
Hello ForexGuy,

The nova/ursa ratio is a sentiment indicator based on the Nova and Ursa funds from the Rydex Fund Group. The Nova fund is bullish with a target beta of 1.5, meaning the underlying securities within the fund tend to move more than the overall market. This can be a positive when the market is climbing and lead to extra gains for the holders of these stocks. The Ursa fund is bearish with a target beta of -1.0. This means the underlying securities within this fund tend to move less than the overall market. When the market falls, this can lead to softened losses for investors. This ratio can be used as a proxy for the direction of market sentiment. More specifically, a high value represents a bullish sentiment and a low value represents a bearish sentiment.

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