Direxion Daily Amzn Etf Profile

AMZU Etf  USD 37.46  0.25  0.66%   

Performance

4 of 100

 
Weak
 
Strong
Insignificant

Odds Of Distress

Less than 9

 
High
 
Low
Low
Direxion Daily is selling for under 37.46 as of the 13th of July 2024; that is 0.66 percent down since the beginning of the trading day. The etf's last reported lowest price was 37.22. Direxion Daily has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Direxion Daily AMZN are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of July 2022 and ending today, the 13th of July 2024. Click here to learn more.
The fund will enter into one or more swap agreements with major global financial institutions whereby the fund and the global financial institution will agree to exchange the return earned on an investment by the fund in AMZN that is equal, on a daily basis, to 150 percent of the value of the funds net assets. More on Direxion Daily AMZN

Moving together with Direxion Etf

  0.63SSO ProShares Ultra SP500PairCorr
  0.64SPXL Direxion Daily SP500PairCorr
  0.64QLD ProShares Ultra QQQPairCorr
  0.64UPRO ProShares UltraPro SP500PairCorr
  0.62TECL Direxion Daily TechnologyPairCorr

Direxion Etf Highlights

Thematic Ideas
(View all Themes)
Business ConcentrationStrategy ETFs, Single Stock ETFs, Trading--Leveraged Equity, Direxion Funds (View all Sectors)
IssuerDirexion
Inception Date2022-09-07
Entity TypeRegulated Investment Company
Asset Under Management191.55 Million
Asset TypeEquity
CategoryStrategy
FocusSingle Stock
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorRafferty Asset Management, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorForeside Fund Services, LLC
Portfolio ManagerPaul Brigandi, Tony Ng
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End31-Oct
ExchangeNASDAQ
Number of Constituents15.0
Market MakerSusquehanna
Total Expense1.08
Management Fee0.75
200 Day M A30.2413
Country NameUSA
50 Day M A35.4834
CodeAMZU
Updated At12th of July 2024
NameDirexion Daily AMZN Bull 1.5X Shares
Currency NameUS Dollar
Currency CodeUSD
Open FigiBBG019HFXXC5
TypeETF
Direxion Daily AMZN [AMZU] is traded in USA and was established 2022-09-06. The fund is listed under Trading--Leveraged Equity category and is part of Direxion Funds family. The entity is thematically classified as Strategy ETFs. Direxion Daily AMZN presently have 3.15 M in assets under management (AUM).
Check Direxion Daily Probability Of Bankruptcy

Direxion Daily AMZN Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Direxion Daily market risk premium is the additional return an investor will receive from holding Direxion Daily long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Direxion Daily. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Direxion Daily's alpha and beta are two of the key measurements used to evaluate Direxion Daily's performance over the market, the standard measures of volatility play an important role as well.

Direxion Daily Against Markets

Additional Information and Resources on Investing in Direxion Etf

When determining whether Direxion Daily AMZN is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Direxion Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Direxion Daily Amzn Etf. Highlighted below are key reports to facilitate an investment decision about Direxion Daily Amzn Etf:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Direxion Daily AMZN. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
The market value of Direxion Daily AMZN 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.