Direxion Daily Regional Etf Profile

DPST Etf  USD 68.20  2.39  3.39%   

Performance

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Odds Of Distress

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Direxion Daily is selling for under 68.20 as of the 2nd of March 2024; that is -3.39 percent down since the beginning of the trading day. The etf's last reported lowest price was 63.74. Direxion Daily has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Direxion Daily Regional are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of February 2024 and ending today, the 2nd of March 2024. Click here to learn more.
The fund invests at least 80 percent of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. More on Direxion Daily Regional

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 Daily's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Direxion Daily or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas
(View all Themes)
Business ConcentrationSector ETFs, Financials ETFs, Trading--Leveraged Equity, Direxion Funds (View all Sectors)
IssuerDirexion
Inception Date2015-08-19
BenchmarkS&P Regional Banks Select Industry Index
Entity TypeRegulated Investment Company
Asset Under Management677.4 Million
Average Trading Valume226,863.7
Asset TypeEquity
CategorySector
FocusFinancials
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, Ng
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End31-Oct
ExchangeNYSE Arca, Inc.
Number of Constituents164
Market MakerVirtu Financial
Total Expense0.92
Management Fee0.75
Country NameUSA
Returns Y T D(27.4)
NameDirexion Daily Regional Banks Bull 3X Shares
Currency CodeUSD
Open FigiBBG009T0QND5
In Threey Volatility88.27
1y Volatility133.45
200 Day M A67.6078
50 Day M A83.809
CodeDPST
Updated At1st of March 2024
Currency NameUS Dollar
Direxion Daily Regional [DPST] is traded in USA and was established 2015-08-19. The fund is listed under Trading--Leveraged Equity category and is part of Direxion Funds family. The entity is thematically classified as Sector ETFs. Direxion Daily Regional currently have 168.48 M in assets under management (AUM). , while the total return for the last 3 years was -44.4%.
Check Direxion Daily Probability Of Bankruptcy

Top Direxion Daily Regional Etf Constituents

PACWPacWest BancorpStockFinancials
PBCTPeoples United FinancialStockBanks—Regional
ZIONZions BancorporationStockFinancials
WALWestern Alliance BancorporationStockFinancials
TFCTruist Financial CorpStockFinancials
SNVSynovus Financial CorpStockFinancials
SIVBSVB Financial GroupStockFinancials
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Direxion Daily Target Price Odds Analysis

Attributed to a normal probability distribution, the odds of Direxion Daily jumping above the current price in 90 days from now is about 85.63%. The Direxion Daily Regional probability density function shows the probability of Direxion Daily etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 6.1525 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Direxion Daily will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Direxion Daily Regional is significantly underperforming NYSE Composite.
  Odds Below 68.2HorizonTargetOdds Above 68.2
14.31%90 days
 68.20 
85.63%
Based on a normal probability distribution, the odds of Direxion Daily to move above the current price in 90 days from now is about 85.63 (This Direxion Daily Regional probability density function shows the probability of Direxion Etf to fall within a particular range of prices over 90 days) .

Direxion Daily Top Holders

COAGXCaldwell Orkin MarketMutual FundLong-Short Equity
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Direxion Daily Regional 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 Regional Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Direxion Daily Regional Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Direxion Daily price patterns.
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Direxion Daily Against Markets

Picking the right benchmark for Direxion Daily 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 Daily 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 Daily is critical whether you are bullish or bearish towards Direxion Daily Regional at a given time. Please also check how Direxion Daily's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Direxion Daily 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 Daily, 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 Daily. To buy Direxion Daily etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Direxion Daily. 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 Daily etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Direxion Daily Regional 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 Daily Regional 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 Daily Regional, 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 Daily guide.

Already Invested in Direxion Daily Regional?

The danger of trading Direxion Daily Regional 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 Daily 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 Daily. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Direxion Daily Regional 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.
When determining whether Direxion Daily Regional 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 Regional Etf. Highlighted below are key reports to facilitate an investment decision about Direxion Daily Regional Etf:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Regional. 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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When running Direxion Daily's price analysis, check to measure Direxion Daily'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 Daily is operating at the current time. Most of Direxion Daily's value examination focuses on studying past and present price action to predict the probability of Direxion Daily'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 Daily's price. Additionally, you may evaluate how the addition of Direxion Daily to your portfolios can decrease your overall portfolio volatility.
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The market value of Direxion Daily Regional 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.