Ted Kim - Direxion Daily ETF Portfolio Manager
ERY Etf | USD 20.97 0.26 1.22% |
Issuer | Direxion |
Inception Date | 2008-11-06 |
Benchmark | Energy Select Sector Index |
Entity Type | Regulated Investment Company |
Asset Under Management | 21.14 Million |
Average Trading Valume | 362,230.5 |
Asset Type | Equity |
Category | Sector |
Focus | Energy |
Market Concentration | Developed Markets |
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Showing other executives | One Year Return | ||
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Robert Wang | Direxion Daily MSCI | N/A | |
Wei Li | Direxion Daily Small | N/A | |
Thomas Durante | Direxion Daily MSCI | N/A | |
Matthew Brown | Direxion Daily Energy | N/A | |
Louis Bottari | Direxion Daily Energy | N/A | |
Kevin Sheehan | Direxion Daily Small | N/A | |
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Thomas Coleman | Direxion Daily Small | N/A | |
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Mark Lieb | Direxion Daily Small | N/A | |
Steve Brown | Direxion Daily MSCI | N/A |
Direxion Daily Energy Money Managers
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Hayley Peppers, Direxion ETF Portfolio Manager | ||
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Greg Savage, Direxion ETF Portfolio Manager | ||
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Karen Wong, Direxion ETF Portfolio Manager | ||
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Jon Erickson, Direxion ETF Portfolio Manager | ||
Cyrille Conseil, Direxion ETF Portfolio Manager | ||
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Raymond Donofrio, Direxion ETF Portfolio Manager | ||
Robert Regan, Direxion ETF Portfolio Manager | ||
Kathleen Morgan, Direxion ETF Portfolio Manager | ||
Steven Boyd, ETF Portfolio Manager | ||
John Kartsonas, ETF Portfolio Manager | ||
David Albrycht, ETF Portfolio Manager | ||
Jeffrey Miller, Direxion ETF Portfolio Manager | ||
Mark Christensen, ETF Portfolio Manager | ||
John Gardner, ETF Portfolio Manager | ||
JeanDominique Butikofer, ETF Portfolio Manager | ||
Andrea Roemhildt, Direxion ETF Portfolio Manager | ||
Daniel Lindquist, Direxion ETF Portfolio Manager | ||
Michael Finocchi, Direxion ETF Portfolio Manager | ||
Peter Bourbeau, ETF Portfolio Manager | ||
Louis Ng, ETF Portfolio Manager | ||
Edward Elfenbein, ETF Portfolio Manager | ||
Philip Lee, ETF Portfolio Manager | ||
Bryan Richards, ETF Portfolio Manager | ||
Jeffrey Ploshnick, Direxion ETF Portfolio Manager | ||
Beckham Wyrick, ETF Portfolio Manager | ||
Phil Hodges, Direxion ETF Portfolio Manager | ||
Thomas Coleman, Direxion ETF Portfolio Manager | ||
Charles Su, Direxion ETF Portfolio Manager | ||
Samuel Masucci, ETF Portfolio Manager | ||
Joseph Madrid, Direxion ETF Portfolio Manager | ||
Pierre Weinstein, ETF Portfolio Manager | ||
Michael Akins, Direxion ETF Portfolio Manager | ||
S Leech, Direxion ETF Portfolio Manager | ||
Benhood Noei, Direxion ETF Portfolio Manager | ||
Cindy Gao, Direxion ETF Portfolio Manager | ||
Guo Jin, Direxion ETF Portfolio Manager | ||
Eva Pao, ETF Portfolio Manager | ||
Andrew Hicks, Direxion ETF Portfolio Manager | ||
Karl Schneider, Direxion ETF Portfolio Manager | ||
Tanuj Dora, ETF Portfolio Manager | ||
Joshua Barrickman, Direxion ETF Portfolio Manager | ||
Foster Corwith, ETF Portfolio Manager | ||
Conor Muldoon, ETF Portfolio Manager | ||
John Love, Direxion ETF Portfolio Manager | ||
Shlomo Bassous, ETF Portfolio Manager | ||
Steve Kahler, ETF Portfolio Manager | ||
Charles Ragauss, ETF Portfolio Manager | ||
William Baird, Direxion ETF Portfolio Manager | ||
Su Koo, ETF Portfolio Manager | ||
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Vishal Khanduja, ETF Portfolio Manager | ||
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William Smith, Direxion ETF Portfolio Manager | ||
Timothy Seymour, Direxion ETF Portfolio Manager | ||
Diane Hsiung, Direxion ETF Portfolio Manager | ||
Emiliano Rabinovich, Direxion ETF Portfolio Manager | ||
Roger Testin, Direxion ETF Portfolio Manager | ||
Anthony Routh, ETF Portfolio Manager | ||
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Deane Gyllenhaal, Direxion ETF Portfolio Manager | ||
Alex Hamilton, ETF Portfolio Manager | ||
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Jennifer Hsui, Direxion ETF Portfolio Manager | ||
Kevin Simpson, ETF Portfolio Manager | ||
Bradley Sullivan, Direxion ETF Portfolio Manager | ||
Anne Walsh, Direxion ETF Portfolio Manager | ||
Denise Krisko, ETF Portfolio Manager | ||
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Mark Nebelung, ETF Portfolio Manager | ||
Gerard OReilly, Direxion ETF Portfolio Manager | ||
Steve Brown, Direxion ETF Portfolio Manager | ||
Leo Fan, ETF Portfolio Manager | ||
Michael Brunell, Direxion ETF Portfolio Manager | ||
James Michal, Direxion ETF Portfolio Manager | ||
Alexander Bridgeforth, ETF Portfolio Manager | ||
Mitchell Firestein, Direxion ETF Portfolio Manager | ||
Carlos Asilis, ETF Portfolio Manager | ||
Kris Dorr, Direxion ETF Portfolio Manager | ||
Jerome Schneider, ETF Portfolio Manager | ||
Patrick Dwyer, ETF Portfolio Manager | ||
Tarak Dave, Direxion ETF Portfolio Manager | ||
Andrew Ngim, ETF Portfolio Manager | ||
Rafael Zayas, ETF Portfolio Manager | ||
James Harrison, ETF Portfolio Manager | ||
Nam To, ETF Portfolio Manager | ||
Francesco Ossino, ETF Portfolio Manager | ||
Robert Shimell, ETF Portfolio Manager | ||
Francis Rodilosso, ETF Portfolio Manager | ||
Ray Allen, Direxion ETF Portfolio Manager | ||
Michael Venuto, ETF Portfolio Manager | ||
Russell Shtern, ETF Portfolio Manager | ||
James Murchie, ETF Portfolio Manager | ||
Emidio Checcone, Direxion ETF Portfolio Manager | ||
Michael Loeffl, Direxion ETF Portfolio Manager | ||
Awais Khan, Direxion ETF Portfolio Manager | ||
Keith Richardson, Direxion ETF Portfolio Manager | ||
Sarah Ketterer, ETF Portfolio Manager | ||
Charles Lowery, ETF Portfolio Manager | ||
Michael Perre, Direxion ETF Portfolio Manager | ||
Timothy McCann, ETF Portfolio Manager | ||
Scott Radell, Direxion ETF Portfolio Manager | ||
Tony Seisser, Direxion ETF Portfolio Manager | ||
Richard Jenkins, ETF Portfolio Manager | ||
Christopher DiStefano, ETF Portfolio Manager | ||
HaoHung Liao, Direxion ETF Portfolio Manager | ||
Michael Johnson, Direxion ETF Portfolio Manager | ||
Eric Viliott, Direxion ETF Portfolio Manager | ||
Stan Ueland, Direxion ETF Portfolio Manager | ||
Richard Brown, Direxion ETF Portfolio Manager | ||
Michael Kastner, ETF Portfolio Manager | ||
Lewis Johnson, ETF Portfolio Manager | ||
Alan Mason, Direxion ETF Portfolio Manager | ||
Patrick Waddell, Direxion ETF Portfolio Manager | ||
Paul Benson, Direxion ETF Portfolio Manager | ||
Jonathan Guyer, ETF Portfolio Manager | ||
Jonathan Molchan, ETF Portfolio Manager | ||
Josh Smith, ETF Portfolio Manager | ||
Darrell Jayroe, ETF Portfolio Manager | ||
Chang Kim, ETF Portfolio Manager | ||
Jeff Peters, Direxion ETF Portfolio Manager | ||
Scott Glasing, Direxion ETF Portfolio Manager | ||
Adrian Bachman, Direxion ETF Portfolio Manager | ||
Jeremy Neisewander, ETF Portfolio Manager | ||
Jeffrey Schwarte, ETF Portfolio Manager | ||
Scott Geiger, Direxion ETF Portfolio Manager | ||
Michelle Louie, Direxion ETF Portfolio Manager | ||
Seth Misshula, ETF Portfolio Manager | ||
Bruce Kavanaugh, ETF Portfolio Manager | ||
Blake Grave, Direxion ETF Portfolio Manager | ||
Guo Lin, Direxion ETF Portfolio Manager | ||
Christopher Davis, ETF Portfolio Manager | ||
Jonathan Stanley, ETF Portfolio Manager | ||
Eric Isenberg, Direxion ETF Portfolio Manager | ||
Brian Kelly, ETF Portfolio Manager | ||
Boaz Weinstein, ETF Portfolio Manager | ||
Richard DarbyDowman, Direxion ETF Portfolio Manager | ||
Mohit Mittal, ETF Portfolio Manager | ||
Andrew Beer, Direxion ETF Portfolio Manager | ||
James Francis, ETF Portfolio Manager | ||
Teddy Wong, Direxion ETF Portfolio Manager | ||
Gold Corporation, Direxion ETF Portfolio Manager | ||
James Colby, Direxion ETF Portfolio Manager | ||
Steven Hlavin, Direxion ETF Portfolio Manager | ||
Ryan Mischker, Direxion ETF Portfolio Manager | ||
Orlando Montalvo, ETF Portfolio Manager | ||
Mark Krivitsky, Direxion ETF Portfolio Manager | ||
Timothy Ryan, Direxion ETF Portfolio Manager | ||
Matthew Dorsten, ETF Portfolio Manager | ||
Daniel Personette, ETF Portfolio Manager | ||
Juan Acevedo, Direxion ETF Portfolio Manager | ||
Peter Liao, Direxion ETF Portfolio Manager | ||
Michael Jeanette, Direxion ETF Portfolio Manager | ||
Christopher Wrazen, Direxion ETF Portfolio Manager | ||
Robert Netzly, ETF Portfolio Manager | ||
Kenneth Little, ETF Portfolio Manager | ||
Daniel TenPas, Direxion ETF Portfolio Manager | ||
Amy Cheng, Direxion ETF Portfolio Manager | ||
Michelle Liu, Direxion ETF Portfolio Manager | ||
Brandon Ferguson, ETF Portfolio Manager | ||
Joseph Barrato, ETF Portfolio Manager | ||
Mike Feehily, Direxion ETF Portfolio Manager | ||
John Law, ETF Portfolio Manager | ||
Kevin Sheehan, ETF Portfolio Manager | ||
Peter Matthew, Direxion ETF Portfolio Manager | ||
Qiong Wan, Direxion ETF Portfolio Manager | ||
Edward Ryan, ETF Portfolio Manager | ||
James Ong, ETF Portfolio Manager | ||
Robert Anstine, ETF Portfolio Manager | ||
John Mosseau, ETF Portfolio Manager | ||
Eduardo Repetto, Direxion ETF Portfolio Manager | ||
Theodore Samulowitz, Direxion ETF Portfolio Manager | ||
Vincent Lowry, Direxion ETF Portfolio Manager | ||
Tony Ng, Direxion ETF Portfolio Manager | ||
Walter Nejman, Direxion ETF Portfolio Manager | ||
Olga Winner, Direxion ETF Portfolio Manager | ||
Robert Parker, ETF Portfolio Manager | ||
David Hemming, Direxion ETF Portfolio Manager | ||
Marc DiCosimo, Direxion ETF Portfolio Manager | ||
Blake Graves, ETF Portfolio Manager | ||
John Tysseland, ETF Portfolio Manager | ||
Dustin Lewellyn, ETF Portfolio Manager | ||
Michael Byrum, Direxion ETF Portfolio Manager | ||
William Flaig, ETF Portfolio Manager | ||
Ellen Lee, ETF Portfolio Manager | ||
Paul Kim, ETF Portfolio Manager | ||
Michael Loeffler, ETF Portfolio Manager | ||
B Minerd, Direxion ETF Portfolio Manager | ||
Nicholas DEramo, ETF Portfolio Manager | ||
Catherine Wood, ETF Portfolio Manager | ||
Dwayne Hancock, Direxion ETF Portfolio Manager | ||
Danton Goei, ETF Portfolio Manager | ||
Gary Jones, Direxion ETF Portfolio Manager | ||
David Swallow, Direxion ETF Portfolio Manager | ||
Richard Ose, Direxion ETF Portfolio Manager | ||
William DeRoche, ETF Portfolio Manager | ||
Navid Sohrabi, ETF Portfolio Manager | ||
James Doyle, ETF Portfolio Manager | ||
Mebane Faber, ETF Portfolio Manager | ||
Kristen Sheffield, ETF Portfolio Manager | ||
Christine Franquin, Direxion ETF Portfolio Manager | ||
Daniel Hyman, ETF Portfolio Manager | ||
Habib Moudachirou, Direxion ETF Portfolio Manager | ||
Sean Lussier, Direxion ETF Portfolio Manager | ||
Kala ODonnell, Direxion ETF Portfolio Manager | ||
Melissa Kapitulik, Direxion ETF Portfolio Manager | ||
Gene Tannuzzo, ETF Portfolio Manager | ||
Michael Neches, Direxion ETF Portfolio Manager | ||
Fred Zhang, ETF Portfolio Manager | ||
Travis Trampe, Direxion ETF Portfolio Manager | ||
Cynthia Moy, Direxion ETF Portfolio Manager | ||
Mathias MamouMani, Direxion ETF Portfolio Manager | ||
Justin Lowry, Direxion ETF Portfolio Manager | ||
Orhan Imer, Direxion ETF Portfolio Manager | ||
Bradley Camden, ETF Portfolio Manager | ||
Peter Hubbard, Direxion ETF Portfolio Manager | ||
Jon Guyer, ETF Portfolio Manager | ||
Robert Cummings, Direxion ETF Portfolio Manager | ||
James Kramer, Direxion ETF Portfolio Manager | ||
Todd Bean, Direxion ETF Portfolio Manager | ||
Joel Shulman, ETF Portfolio Manager | ||
George Cao, Direxion ETF Portfolio Manager | ||
R Dillon, Direxion ETF Portfolio Manager | ||
Kyle Kelly, Direxion ETF Portfolio Manager |
Direxion Etf Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right etf is not an easy task. Is Direxion Daily a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Number Of Employees | 121 | |||
Beta | -1.21 | |||
Total Asset | 51.93 M | |||
One Year Return | (26.00) % | |||
Three Year Return | (50.90) % | |||
Five Year Return | (43.40) % | |||
Ten Year Return | (29.90) % | |||
Net Asset | 51.93 M | |||
Last Dividend Paid | 0.15 | |||
Equity Positions Weight | (3.46) % |
Pair Trading with Direxion Daily
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Direxion Daily position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Direxion Daily will appreciate offsetting losses from the drop in the long position's value.Moving together with Direxion Etf
0.61 | SPXU | ProShares UltraPro Short Buyout Trend | PairCorr |
Moving against Direxion Etf
1.0 | DIG | ProShares Ultra Oil | PairCorr |
1.0 | IEO | iShares Oil Gas | PairCorr |
0.99 | NRGU | MicroSectors Big Oil | PairCorr |
0.99 | GUSH | Direxion Daily SP | PairCorr |
0.99 | PXE | Invesco Dynamic Energy | PairCorr |
The ability to find closely correlated positions to Direxion Daily could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Direxion Daily when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Direxion Daily - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Direxion Daily Energy to buy it.
The correlation of Direxion Daily is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Direxion Daily moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Direxion Daily Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Direxion Daily can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Energy. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
The market value of Direxion Daily Energy is measured differently than its book value, which is the value of Direxion that is recorded on the company's balance sheet. Investors also form their own opinion of Direxion Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Direxion Daily's market value can be influenced by many factors that don't directly affect Direxion Daily's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Direxion Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily'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.