Direxion Daily Competition

Etfs . USA . 
Etf . Direxion Daily MSCI
EDC Etf  USD 28.34  0.54  1.87%   
Direxion Daily MSCI competes with HUMANA, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables; as well as few others. Analyzing Direxion Daily competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Direxion Daily to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Direxion Daily Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Direxion Daily competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Direxion Daily's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
25.8528.3830.91
Details
Intrinsic
Valuation
LowRealHigh
23.4125.9428.47
Details
Naive
Forecast
LowNextHigh
26.3428.8731.40
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
28.7430.2831.81
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Direxion Daily. Your research has to be compared to or analyzed against Direxion Daily's peers to derive any actionable benefits. When done correctly, Direxion Daily's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Direxion Daily MSCI.

Direxion Daily Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Direxion Daily and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Direxion and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Direxion Daily MSCI does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Direxion Daily Constituents Risk-Adjusted Indicators

There is a big difference between Direxion Etf performing well and Direxion Daily ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Direxion Daily's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.71  0.41  0.27  0.34  1.28 
(2.12)
 3.27 
(2.28)
 24.74 
MSFT  0.93  0.07  0.06  0.12  0.98 
(1.15)
 2.11 
(2.07)
 5.31 
UBER  1.58  0.16  0.13  0.14  1.35 
(1.95)
 2.83 
(2.52)
 18.39 
F  1.61 (0.01) 0.02  0.05  1.87 
(1.77)
 4.07 
(3.30)
 9.61 
T  0.96 (0.06) 0.00 (0.08) 0.00 
 0.00 
 2.18 
(2.45)
 5.92 
A  1.15  0.03  0.04  0.08  1.28 
(1.22)
 2.26 
(2.26)
 6.31 
CRM  1.24 (0.02) 0.00  0.04  1.96 
(1.27)
 2.83 
(2.96)
 8.61 
JPM  0.78  0.05  0.04  0.09  1.31 
(0.78)
 1.72 
(1.08)
 8.65 
MRK  0.64  0.05  0.06  0.12  0.64 
(0.70)
 1.18 
(0.98)
 6.92 
XOM  0.83  0.27  0.26  0.57  0.62 
(1.01)
 1.96 
(1.40)
 4.66 

Direxion Daily Competitive Analysis

The better you understand Direxion Daily competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Direxion Daily's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Direxion Daily's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
EDC 444859BR2 MSTSX LBHIX ABHYX SCAXF VIASP RRTLX
 1.87 
 28.34 
Direxion
 0.00 
 84.12 
HUMANA
 1.49 
 10.55 
Morningstar
 0.24 
 4.11 
Thrivent
 0.11 
 8.73 
High-yield
 0.00 
 0.01 
Sparta
 4.63 
 20.17 
Via
 0.59 
 11.79 
RRTLX
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Not too volatile
Very steady
Market Performance
(90 Days Performance)
Modest
Very Weak
OK
Weak
Insignificant
Very Weak
Modest
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Below Average
Low
Low
Low
Low
Above Average
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Hold
Hold
Cautious Hold
Strong Sell
Hold
Hold
Current Ratio
N/A
N/A
N/A
N/A
N/A
0.62 X
3.49 X
N/A
Net Asset
52.56 M
N/A
116.1 M
674.44 M
672.37 M
3.06 M
355.28 M
1.46 B
Profit Margin
N/A
N/A
N/A
N/A
N/A
(0.10) %
0.01 %
N/A
EBITDA
N/A
N/A
N/A
N/A
N/A
(21.53 K)
33.09 M
N/A
Price To Book
1.37 X
N/A
N/A
1.58 X
N/A
34.42 X
N/A
2.13 X
Operating Margin
N/A
N/A
N/A
N/A
N/A
(0.15) %
(0.14) %
N/A
Current Valuation
N/A
N/A
N/A
N/A
N/A
5.73 M
535.95 M
N/A
Five Year Return
(18.60) %
N/A
7.26 %
2.81 %
1.70 %
N/A
8.97 %
0.04 %
One Year Return
(2.90) %
N/A
12.15 %
8.57 %
3.01 %
N/A
N/A
0.07 %
Beta
2.0
N/A
N/A
N/A
N/A
1.75
1.16
N/A
Equity Positions Weight
(42.66) %
N/A
61.63 %
0.07 %
N/A
N/A
N/A
38.52 %
Cash Position Weight
N/A
N/A
14.28 %
6.56 %
0.10 %
N/A
N/A
7.22 %
Number Of Employees
127
N/A
1
1
1
8
169
1
Shares Outstanding
N/A
N/A
N/A
N/A
N/A
233.95 M
N/A
N/A
Three Year Return
(32.00) %
N/A
4.55 %
1.51 %
(1.36) %
N/A
N/A
0.05 %
Cash Flow From Operations
N/A
N/A
N/A
N/A
N/A
210.37 K
12.7 M
N/A
Annual Yield
N/A
N/A
0.02 %
0.06 %
0 %
N/A
0.1 %
0.02 %
Total Debt
N/A
N/A
N/A
N/A
N/A
125 K
135 M
N/A
Return On Equity
N/A
N/A
N/A
N/A
N/A
N/A
0.017
N/A
Bond Positions Weight
N/A
N/A
22.72 %
92.23 %
2.00 %
N/A
N/A
14.43 %
Z Score
N/A
N/A
N/A
N/A
N/A
37.6
1.0
N/A
Holdings Turnover
N/A
N/A
269.00 %
N/A
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
N/A
N/A
N/A
-0.21
-0.11
N/A
Book Value Per Share
N/A
N/A
N/A
N/A
N/A
(0) X
3.66 X
N/A
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
4.29 K
N/A
Minimum Initial Investment
N/A
N/A
N/A
2 K
N/A
N/A
N/A
N/A
Total Asset
52.56 M
N/A
215.11 M
347.66 M
243.16 M
3.06 M
355.28 M
1.03 B
Last Dividend Paid
0.019
N/A
N/A
0.02
0.03
N/A
0.73
0.14
Debt To Equity
N/A
N/A
N/A
N/A
N/A
101.00 %
0.69 %
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
0.70 X
N/A
Market Capitalization
N/A
N/A
50.36 M
N/A
N/A
7.72 M
N/A
N/A
Price To Earning
12.66 X
N/A
N/A
35.48 X
N/A
19.55 X
26.83 X
18.25 X
Price To Sales
1.16 X
N/A
N/A
1.23 X
N/A
0.63 X
N/A
1.57 X
Net Income
N/A
N/A
N/A
N/A
N/A
(609.44 K)
5.2 M
N/A
Earnings Per Share
N/A
N/A
N/A
N/A
N/A
(0) X
1.17 X
N/A
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
9.51 %
N/A
N/A
Year To Date Return
N/A
N/A
1.74 %
0.74 %
0.89 %
N/A
N/A
(0.02) %
Revenue
N/A
N/A
N/A
N/A
N/A
5.19 M
393.49 M
N/A
Ten Year Return
(11.80) %
N/A
N/A
6.00 %
4.84 %
N/A
N/A
5.76 %
Cash And Equivalents
N/A
N/A
N/A
N/A
N/A
909.32 K
51.31 M
N/A
Cash Per Share
N/A
N/A
N/A
N/A
N/A
N/A
3.23 X
N/A
Gross Profit
N/A
N/A
N/A
N/A
N/A
3.68 M
74.67 M
N/A
Day Typical Price
28.62
84.12
10.55
4.11
8.73
0.0121
20.48
11.79
Accumulation Distribution
0.0399
N/A
N/A
N/A
N/A
N/A
0.0602
N/A
Market Facilitation Index
1.17
N/A
N/A
N/A
N/A
N/A
1.28
N/A
Daily Balance Of Power
(0.46)
0.0
(9,223,372,036,855)
(9,223,372,036,855)
(9,223,372,036,855)
0.0
(0.77)
(9,223,372,036,855)
Period Momentum Indicator
(0.54)
N/A
(0.16)
(0.01)
(0.01)
N/A
(0.98)
(0.07)
Rate Of Daily Change
0.98
1.0
0.99
1.0
1.0
1.0
0.95
0.99
Day Median Price
28.77
84.12
10.55
4.11
8.73
0.0121
20.64
11.79
Price Action Indicator
(0.70)
N/A
(0.08)
(0.01)
(0.01)
N/A
(0.96)
(0.04)
Coefficient Of Variation
2255.87
29401.75
1533.83
(7,500)
2089.5
N/A
868.87
799.41
Mean Deviation
1.94
0.6084
0.455
0.1809
0.1772
N/A
1.52
0.2525
Jensen Alpha
(0.05)
(0)
(0.02)
(0.03)
(0)
N/A
0.2071
0.0301
Total Risk Alpha
(0.11)
(0.12)
(0.02)
(0.03)
(0.02)
N/A
0.0589
0.0034
Sortino Ratio
0.0166
(0.05)
(0.03)
N/A
(0.14)
N/A
0.0765
(0.06)
Downside Variance
10.71
1.57
0.558
N/A
0.1295
N/A
6.35
0.1528
Standard Deviation
2.64
1.34
0.608
0.2526
0.262
N/A
2.22
0.327
Kurtosis
1.02
18.76
0.4963
0.2157
2.65
N/A
2.74
0.2362
Potential Upside
3.99
0.9566
0.9756
0.4808
0.4545
N/A
3.6
0.5076
Treynor Ratio
0.0359
0.3452
0.033
(0.06)
0.0235
N/A
0.3371
1.92
Maximum Drawdown
13.82
9.78
2.64
1.21
1.61
N/A
13.41
1.46
Variance
6.98
1.79
0.3697
0.0638
0.0686
N/A
4.93
0.1069
Market Risk Adjusted Performance
0.0459
0.3552
0.043
(0.05)
0.0335
N/A
0.3471
1.93
Risk Adjusted Performance
0.0354
0.0074
0.0406
(0.02)
0.0161
N/A
0.0793
0.0693
Skewness
(0.53)
0.9774
(0.60)
(0.30)
(0.41)
N/A
(0.63)
(0.54)
Semi Deviation
3.06
1.19
0.6002
N/A
0.2239
N/A
2.28
0.2642
Information Ratio
0.0206
(0.04)
(0.04)
(0.26)
(0.19)
N/A
0.0868
(0.07)
Value At Risk
(4.39)
(1.04)
(1.17)
(0.48)
(0.46)
N/A
(3.74)
(0.59)
Expected Short fall
(1.68)
(0.65)
(0.49)
N/A
(0.22)
N/A
(1.57)
(0.28)
Downside Deviation
3.27
1.25
0.747
N/A
0.3599
N/A
2.52
0.3909
Semi Variance
9.35
1.43
0.3602
N/A
0.0501
N/A
5.21
0.0698

Direxion Daily Competition Performance Charts

Five steps to successful analysis of Direxion Daily Competition

Direxion Daily's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Direxion Daily MSCI in relation to its competition. Direxion Daily's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Direxion Daily in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Direxion Daily's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Direxion Daily MSCI, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Direxion Daily position

In addition to having Direxion Daily in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Broad Equity ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Equity ETFs theme has 469 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Broad Equity ETFs Theme or any other thematic opportunities.
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When determining whether Direxion Daily MSCI offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Direxion Daily's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Direxion Daily Msci Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Daily Msci Etf:
How To Invest In Direxion
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ETF Directory
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Largest Strategy ETFs Companies
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Largest Emerging Markets ETFs Companies
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Check out Direxion Daily Correlation with its peers.
Note that the Direxion Daily MSCI information on this page should be used as a complementary analysis to other Direxion Daily's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
The market value of Direxion Daily MSCI 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.
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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