Direxion Etf Profile

Etfs . USA . 
Etf . Direxion Auspice Broad
COM Etf  USD 30.67  0.07  0.23%   

Market Performance

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Odds Of Distress

Less than 1

 
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Direxion Auspice is selling at 30.67 as of the 3rd of June 2023; that is -0.23 percent decrease since the beginning of the trading day. The etf's lowest day price was 30.64. Direxion Auspice has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Direxion Auspice Broad are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of December 2022 and ending today, the 3rd of June 2023. Click here to learn more.
The index is a rules-based index that attempts to capture upward trends in the commodity markets while minimizing risk during downtrends by tracking a portfolio of commodity futures contracts. Auspice Broad is traded on NYSEARCA Exchange in the United States. More on Direxion Auspice Broad

Moving against Direxion Etf

-0.58FNGDMicroSectors FANG IndexPairCorr
-0.54TSLGraniteShares 125x LongPairCorr

Direxion Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Direxion Auspice's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Direxion Auspice or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic IdeaBroad Commodities ETFs (view all)
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Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Direxion Auspice's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
IssuerDirexion
Inception Date2017-03-30
BenchmarkAuspice Broad Commodity Index
Entity TypeRegulated Investment Company
Asset Under Management307.16 Million
Average Trading Valume52,232.1
Asset TypeCommodities
CategoryBroad Commodities
FocusBroad Commodities
Market ConcentrationBlended Development
RegionGlobal
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
ExchangeNYSE Arca, Inc.
Number of Constituents3.0
Market MakerVirtu Financial
Total Expense0.72
Management Fee0.5
Nav Price29.86
Two Hundred Day Average31.62
Ytd7.85%
Average Daily Volume In Three Month67.26k
Fifty Two Week Low28.55
As Of Date25th of October 2022
Average Daily Volume Last 10 Day62.97k
Fifty Two Week High36.0
One Month-0.05%
Fifty Day Average29.86
Three Month-1.07%
Beta In Three Year0.48
Direxion Auspice Broad [COM] is traded in USA and was established 2017-03-30. The fund is classified under Commodities Broad Basket category within Direxion Funds family. The entity is thematically classified as Broad Commodities ETFs. Direxion Auspice Broad currently have 307.55 M in assets under management (AUM). , while the total return for the last 3 years was 14.0%.
Check Direxion Auspice Probability Of Bankruptcy

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Direxion Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Direxion Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Direxion Auspice Broad Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Direxion Auspice Target Price Odds Analysis

Contingent on a normal probability distribution, the odds of Direxion Auspice jumping above the current price in 90 days from now is about 51.35%. The Direxion Auspice Broad probability density function shows the probability of Direxion Auspice etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Direxion Auspice has a beta of 0.039 suggesting as returns on the market go up, Direxion Auspice average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Direxion Auspice Broad will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0395, implying that it can generate a 0.0395 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 30.67HorizonTargetOdds Above 30.67
48.09%90 days
 30.67 
51.35%
Based on a normal probability distribution, the odds of Direxion Auspice to move above the current price in 90 days from now is about 51.35 (This Direxion Auspice Broad probability density function shows the probability of Direxion Etf to fall within a particular range of prices over 90 days) .

Direxion Auspice Top Holders

IGOAXRational Inflation GrowthMutual FundLarge Blend
IGOIXRational Inflation GrowthMutual FundAllocation--50% to 70% Equity
IGOCXRational Inflation GrowthMutual FundAllocation--50% to 70% Equity
More Details

Direxion Auspice Major Institutional Holders

Institutional Holdings refers to the ownership stake in Direxion Auspice that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Direxion Auspice's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Direxion Auspice's value.
InstituionLast TransactionTypeSharesValue
Pitcairn Co2023-03-31Fund Units1.7 M52.3 M
Mainstay Capital Management Llc2022-06-30Fund Units797.2 K24.7 M
Hightower Advisors Llc2023-03-31Fund Units662.5 K20.3 M
Wbi Investments Inc2023-03-31Fund Units431.6 K13.2 M
Pasadena Private Wealth Llc2023-03-31Fund Units327.9 K10.1 M
Ulrich Consultants Investment Group Llc2022-09-30Fund Units263 K7.8 M
Allgen Financial Advisors Inc2022-09-30Fund Units216.6 K6.5 M
Wealthcare Advisory Partners Llc2023-03-31Fund Units192.3 K5.9 M
Mbl Wealth Llc2023-03-31Fund Units182.9 K5.6 M
Aveo Capital Partners Llc2022-09-30Fund Units181.4 K5.4 M
Royal Bank Of Canada2023-03-31Fund Units159.7 K4.9 M
View Direxion Auspice Diagnostics

Direxion Auspice Broad Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Direxion Auspice market risk premium is the additional return an investor will receive from holding Direxion Auspice 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 Auspice. 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 Auspice's alpha and beta are two of the key measurements used to evaluate Direxion Auspice's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation0.2922
Semi Deviation0.2928
Standard Deviation0.381
Variance0.1452

Direxion Auspice Broad Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Direxion Auspice Broad Price Common Logarithm is logarithm with base 10 applied on the entire pricing series.
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Direxion Auspice Against Markets

Picking the right benchmark for Direxion Auspice etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Direxion Auspice etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Direxion Auspice is critical whether you are bullish or bearish towards Direxion Auspice Broad at a given time. Please also check how Direxion Auspice's historical prices are related to one of the top price index indicators.
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Be your own money manager

Our tools can tell you how much better you can do entering a position in Direxion Auspice without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Direxion Etf?

Before investing in Direxion Auspice, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Direxion Auspice. To buy Direxion Auspice etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Direxion Auspice. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Direxion Auspice etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Direxion Auspice Broad etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Direxion Auspice Broad etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Direxion Auspice Broad, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Direxion Etf please use our How to Invest in Direxion Auspice guide.

Already Invested in Direxion Auspice Broad?

The danger of trading Direxion Auspice Broad is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Direxion Auspice is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Direxion Auspice. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Direxion Auspice Broad is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Direxion Auspice Broad. Also, note that the market value of any ETF could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Direxion Etf analysis

When running Direxion Auspice's price analysis, check to measure Direxion Auspice's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Direxion Auspice is operating at the current time. Most of Direxion Auspice's value examination focuses on studying past and present price action to predict the probability of Direxion Auspice's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direxion Auspice's price. Additionally, you may evaluate how the addition of Direxion Auspice to your portfolios can decrease your overall portfolio volatility.
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The market value of Direxion Auspice Broad 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 Auspice's value that differs from its market value or its book value, called intrinsic value, which is Direxion Auspice'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 Auspice's market value can be influenced by many factors that don't directly affect Direxion Auspice's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Direxion Auspice's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Auspice is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Auspice'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.
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