Use Direxion to protect against small markets fluctuations. The etf experiences unexpected downward movement. The market is reacting to new fundamentals
As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Direxion will likely underperform.
EDC NYSEArca Direxion Daily Emrg Mkts Bull 3X Shares
Poor diversificationOverlapping area represents amount of risk that can be diversified away by holding Direxion Daily Emrg Mkts Bull and equity matching GSPC index in the same portfolio
Direxion Price and Market Media
The median price of Direxion for the period between Mon, Apr 22, 2013 and Wed, May 22, 2013 is 33.2 with a coefficient of variation of 4.22. The daily time series for the period is distributed with a sample standard deviation of 1.38, arithmetic mean of 32.72, and mean deviation of 1.08. The ETF did not receive any noticable media coverage during the period.
Direxion Daily Emrg Mkts Bull 3X Shares [EDC] is traded in USA and was established in December 16, 2008. The fund is classified under Trading-Leveraged Equity category within Direxion Funds family. This fund currently have 305.62 M in assets under management (AUM). Direxion Daily Emrg Mkts Bull 3X Shares is currenly generating return of -11.95% with the current yeild of 0.09%, while the total return for the last 3 years was 41.22%.
Direxion Daily Emrg Mkts Bull 3X Shares is rated below average in net asset as compared to similar ETFs. Total Asset Under Management (AUM) of Trading-Leveraged Equity category is currently estimated at about 7.11 Billion. Direxion holds roughly 305.62 Million in net asset claiming about 4% of equities under Trading-Leveraged Equity ETF category.
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