Direxion Hydrogen Etf Profile
| HJEN Etf | USD 10.22 0.14 1.35% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Direxion Hydrogen is selling at 10.22 as of the 25th of April 2024; that is -1.35 percent down since the beginning of the trading day. The etf's open price was 10.36. Direxion Hydrogen has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Direxion Hydrogen ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
The fund, under normal circumstances, invests at least 80 percent of its assets in the securities that comprise the index or investments with economic characteristics similar to the securities included in the index. Direxion Hydrogen is traded on NYSEARCA Exchange in the United States.. More on Direxion Hydrogen ETF
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 Hydrogen's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Direxion Hydrogen or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Natural Resources, Direxion Funds (View all Sectors) |
| Country Name | USA |
| Returns Y T D | (15.15) |
| Name | Direxion Hydrogen ETF |
| Currency Code | USD |
| In Threey Volatility | 32.26 |
| 1y Volatility | 25.3 |
| 200 Day M A | 11.8485 |
| 50 Day M A | 10.8161 |
| Code | HJEN |
| Updated At | 24th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.77) |
| Type | ETF |
Direxion Hydrogen ETF [HJEN] is traded in USA and was established 2021-03-25. The fund is listed under Natural Resources category and is part of Direxion Funds family. Direxion Hydrogen ETF currently have 22.66 M in assets under management (AUM). , while the total return for the last 3 years was -23.7%.
Check Direxion Hydrogen 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 Hydrogen ETF 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.
Top Direxion Hydrogen ETF Etf Constituents
| AI | Air Liquide SA | Stock | Chemicals |
| PTTGC | PTT Global Chemical | Stock | Materials |
| HY | Hyster Yale Materials Handling | Stock | Industrials |
| APD | Air Products and | Stock | Materials |
| 336260 | Doosan Fuel CellCo | Stock | Electrical Equipment & Parts |
| 298040 | Hyosung Heavy Industries | Stock | Specialty Industrial Machinery |
| 8996 | Kaori Heat Treatment | Stock | Industrials |
Direxion Hydrogen Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of Direxion Hydrogen jumping above the current price in 90 days from now is close to 99%. The Direxion Hydrogen ETF probability density function shows the probability of Direxion Hydrogen 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 1.096. This usually indicates Direxion Hydrogen ETF market returns are highly reactive to returns on the market. As the market goes up or down, Direxion Hydrogen is expected to follow. Additionally, direxion Hydrogen ETF has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Direxion Hydrogen to move above the current price in 90 days from now is close to 99 (This Direxion Hydrogen ETF probability density function shows the probability of Direxion Etf to fall within a particular range of prices over 90 days) .
Direxion Hydrogen ETF Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Direxion Hydrogen market risk premium is the additional return an investor will receive from holding Direxion Hydrogen 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 Hydrogen. 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 Hydrogen's alpha and beta are two of the key measurements used to evaluate Direxion Hydrogen's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 3.0E-4 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.02) |
Direxion Hydrogen Against Markets
Picking the right benchmark for Direxion Hydrogen 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 Hydrogen 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 Hydrogen is critical whether you are bullish or bearish towards Direxion Hydrogen ETF at a given time. Please also check how Direxion Hydrogen'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 Hydrogen 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.Did you try this?
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How to buy Direxion Etf?
Before investing in Direxion Hydrogen, 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 Hydrogen. To buy Direxion Hydrogen etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Direxion Hydrogen. 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 Hydrogen etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Direxion Hydrogen ETF 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 Hydrogen ETF 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 Hydrogen ETF, 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 Hydrogen guide.
Already Invested in Direxion Hydrogen ETF?
The danger of trading Direxion Hydrogen ETF 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 Hydrogen 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 Hydrogen. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Direxion Hydrogen ETF 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 Hydrogen ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Direxion Hydrogen'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 Hydrogen Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Hydrogen Etf: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Hydrogen ETF. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Direxion Hydrogen ETF information on this page should be used as a complementary analysis to other Direxion Hydrogen'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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
The market value of Direxion Hydrogen ETF 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 Hydrogen's value that differs from its market value or its book value, called intrinsic value, which is Direxion Hydrogen'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 Hydrogen's market value can be influenced by many factors that don't directly affect Direxion Hydrogen'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 Hydrogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Hydrogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Hydrogen'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.