Direxion Etf Performance
| ONG Etf | USD 28.98 0.00 0.00% |
The etf shows a Beta (market volatility) of -0.99, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Direxion are expected to decrease slowly. On the other hand, during market turmoil, Direxion is expected to outperform it slightly.
Risk-Adjusted Performance
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Over the last 90 days Direxion has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Direxion is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Fifty Two Week Low | 16.68 | |
| Fifty Two Week High | 47.24 |
Direxion |
Direxion Relative Risk vs. Return Landscape
If you would invest 2,898 in Direxion on January 29, 2024 and sell it today you would earn a total of 0.00 from holding Direxion or generate 0.0% return on investment over 90 days. Direxion is generating negative expected returns assuming volatility of 0.0% on return distribution over 90 days investment horizon. In other words, 0% of etfs are less volatile than Direxion, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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Direxion Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Direxion, and traders can use it to determine the average amount a Direxion's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average Direxion is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Direxion by adding Direxion to a well-diversified portfolio.
Direxion Fundamentals Growth
Direxion Etf prices reflect investors' perceptions of the future prospects and financial health of Direxion, and Direxion fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Direxion Etf performance.
| Total Asset | 16.42 M | |||
About Direxion Performance
To evaluate Direxion Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Direxion generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Direxion Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Direxion market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Direxion's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The index includes companies that have common stocks ordepositary receipts listed on a U.S. stock exchange and that provide services to the oil industry. Direxion Daily is traded on NYSEARCA Exchange in the United States.| Direxion is not yet fully synchronised with the market data | |
| The fund maintains 81.04% of its assets in stocks |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of Direxion 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's value that differs from its market value or its book value, called intrinsic value, which is Direxion'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's market value can be influenced by many factors that don't directly affect Direxion'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion'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.