Direxion Daily Msci Etf Profile
| EDZ Etf | USD 6.61 0.16 2.36% |
Performance0 of 100
| Odds Of DistressLess than 10
|
Direxion Daily is trading at 6.61 as of the 8th of October 2024; that is 2.36 percent down since the beginning of the trading day. The etf's open price was 6.77. 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 MSCI are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of September 2024 and ending today, the 8th of October 2024. Click here to learn more.
The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80 percent of the funds net assets . Emrg Mkts is traded on NYSEARCA Exchange in the United States.. More on Direxion Daily MSCI
Moving together with Direxion Etf
| 0.78 | SH | ProShares Short SP500 Aggressive Push | PairCorr |
| 0.68 | PSQ | ProShares Short QQQ | PairCorr |
| 0.79 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.79 | SDS | ProShares UltraShort Aggressive Push | PairCorr |
| 0.79 | SPXS | Direxion Daily SP Aggressive Push | PairCorr |
| 0.73 | QID | ProShares UltraShort QQQ | PairCorr |
Moving against Direxion Etf
Direxion Etf Highlights
| Old Name | EVRY - Frankfurt Stock Exchang |
| Business Concentration | Trading--Inverse Equity, Direxion Funds (View all Sectors) |
| Country Name | USA |
| Returns Y T D | (36.95) |
| Name | Direxion Daily MSCI Emerging Markets Bear 3X Shares |
| Currency Code | USD |
| Open Figi | BBG000HCPD17 |
| In Threey Volatility | 52.51 |
| 1y Volatility | 35.44 |
| 200 Day M A | 10.0824 |
| 50 Day M A | 8.8846 |
| Code | EDZ |
| Updated At | 7th of October 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.07 |
| Type | ETF |
Direxion Daily MSCI [EDZ] is traded in USA and was established 2008-12-17. The fund is classified under Trading--Inverse Equity category within Direxion Funds family. Direxion Daily MSCI currently have 62.7 M in assets under management (AUM). , while the total return for the last 3 years was -8.0%.
Check Direxion Daily 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 Daily MSCI 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 Daily MSCI Risk Profiles
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.
| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 0.1174 |
Direxion Daily Against Markets
Additional Information and Resources on Investing in Direxion Etf
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:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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.
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.