Direxion Monthly Nasdaq 100 Fund Fundamentals
| DXQLX Fund | USD 73.34 0.01 0.01% |
Direxion Monthly Nasdaq 100 fundamentals help investors to digest information that contributes to Direxion Monthly's financial success or failures. It also enables traders to predict the movement of Direxion Mutual Fund. The fundamental analysis module provides a way to measure Direxion Monthly's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Direxion Monthly mutual fund.
Direxion |
Direxion Monthly Nasdaq 100 Mutual Fund Three Year Return Analysis
Direxion Monthly's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Direxion Monthly Three Year Return | 9.26 % |
Most of Direxion Monthly's fundamental indicators, such as Three Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Direxion Monthly Nasdaq 100 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
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Based on the latest financial disclosure, Direxion Monthly Nasdaq 100 has a Three Year Return of 9.2583%. This is much higher than that of the Direxion Funds family and significantly higher than that of the Trading--Leveraged Equity category. The three year return for all United States funds is notably lower than that of the firm.
Direxion Monthly Nasdaq Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Direxion Monthly's current stock value. Our valuation model uses many indicators to compare Direxion Monthly value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Direxion Monthly competition to find correlations between indicators driving Direxion Monthly's intrinsic value. More Info.Direxion Monthly Nasdaq 100 is rated # 2 fund in annual yield among similar funds. It is rated below average in year to date return among similar funds creating about 2,765 of Year To Date Return per Annual Yield. Comparative valuation analysis is a catch-all model that can be used if you cannot value Direxion Monthly by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Direxion Monthly's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Direxion Monthly's earnings, one of the primary drivers of an investment's value.Direxion Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Direxion Monthly's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Direxion Monthly could also be used in its relative valuation, which is a method of valuing Direxion Monthly by comparing valuation metrics of similar companies.Direxion Monthly is rated # 5 fund in three year return among similar funds.
Fund Asset Allocation for Direxion Monthly
The fund invests 22.04% of asset under management in tradable equity instruments, with the rest of investments concentrated in cash (33.39%) and various exotic instruments (44.57%).Asset allocation divides Direxion Monthly's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Direxion Fundamentals
| Annual Yield | 0 % | ||||
| Year To Date Return | 11.06 % | ||||
| One Year Return | 60.93 % | ||||
| Three Year Return | 9.26 % | ||||
| Five Year Return | 28.57 % | ||||
| Ten Year Return | 34.40 % | ||||
| Net Asset | 353.29 M | ||||
| Minimum Initial Investment | 25 K | ||||
| Last Dividend Paid | 0.16 | ||||
| Cash Position Weight | 33.39 % | ||||
| Equity Positions Weight | 22.04 % |
About Direxion Monthly Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Direxion Monthly Nasdaq 100's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Direxion Monthly using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Direxion Monthly Nasdaq 100 based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund, under normal circumstances, invests at least 80 percent of its net assets in securities of the index, exchange-traded funds that track the index and other financial instruments that provide monthly leveraged exposure to the index or to ETFs that track the index. The index includes 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market based on market capitalization. The fund is non-diversified.
Pair Trading with Direxion Monthly
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 Monthly 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 Monthly will appreciate offsetting losses from the drop in the long position's value.Moving together with Direxion Mutual Fund
| 0.65 | HCYIX | Direxion Hilton Tactical | PairCorr |
| 1.0 | RYVYX | Nasdaq 100 2x Steady Growth | PairCorr |
Moving against Direxion Mutual Fund
| 0.54 | DXKSX | Direxion Monthly 7 | PairCorr |
The ability to find closely correlated positions to Direxion Monthly 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 Monthly 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 Monthly - 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 Monthly Nasdaq 100 to buy it.
The correlation of Direxion Monthly 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 Monthly moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Direxion Monthly Nasdaq 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 Monthly 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 Monthly Nasdaq 100. 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 bureau of economic analysis. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.