Direxion Daily Meta Etf Profile
| METU Etf | 34.83 1.40 3.86% |
Performance5 of 100
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Direxion Daily is selling for under 34.83 as of the 8th of October 2024; that is 3.86 percent down since the beginning of the trading day. The etf's last reported lowest price was 34.73. Direxion Daily has 50 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Direxion Daily META are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 14th of October 2023 and ending today, the 8th of October 2024. Click here to learn more.
Direxion Etf Highlights
| Country Name | USA |
| Code | METU |
| Updated At | 5th of October 2024 |
| Name | Direxion Daily META Bull 2X Shares |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG01N0C09L8 |
| Type | ETF |
Direxion Daily META [METU] is traded in USA and was established null. The fund is not categorized under any group at this time. The fund now have in assets.
Check Direxion Daily Probability Of Bankruptcy
Direxion Daily META 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 | 0.0575 | |||
| Jensen Alpha | 0.091 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.034 |
Direxion Daily Against Markets
Additional Information and Resources on Investing in Direxion Etf
When determining whether Direxion Daily META 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 Meta Etf. Highlighted below are key reports to facilitate an investment decision about Direxion Daily Meta Etf:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily META. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
The market value of Direxion Daily META 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.