Fallen Etf Profile

NIFE -  USA Etf  

USD 72.65  0.22  0.30%

Fallen Knives is trading at 72.65 as of the 21st of September 2021, a 0.30% increase since the beginning of the trading day. The etf's lowest day price was 72.65. Fallen Knives has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Fallen Knives ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of August 2020 and ending today, the 21st of September 2021. Click here to learn more.
 Market Performance
0 of 100
  Odds Of Distress
Less than 1

Fallen Knives Etf Profile

The investment seeks investment results, before fees and expenses, that track the Indxx US Fallen Knives Index. Fallen Knives is traded on NYSEArca Exchange in the United States. more on Fallen Knives
Fallen Knives ETF generates negative expected return over the last 90 days
Fallen Knives ETF is unlikely to experience financial distress in the next 2 years
The fund maintains 99.92% of its assets in stocks
Legal NameFallen Knives ETF
Macroaxis Advice
Unlike general analyst consensus, Macroaxis 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 Fallen Knives' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
IssuerDirexion
DescriptionDirexion Fallen Knives ETF
Inception Date2020-06-11
BenchmarkIndxx US Fallen Knives Index
Entity TypeRegulated Investment Company
Asset Under Management9.29 Million
Asset TypeEquity
CategoryBroad Equity
FocusBroad Equity
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorDirexion Advisors, 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 Constituents55.0
Total Expense0.5
Management Fee0.45
Nav Price73.27
Two Hundred Day Average75.18
Ytd19.41%
Average Daily Volume In Three Month563
Fifty Two Week Low49.47
As Of Date30th of June 2021
Average Daily Volume Last 10 Day150
Fifty Two Week High79.83
One Month-0.02%
Fifty Day Average73.38
Three Month7.13%
Fallen Knives ETF [NIFE] is traded in USA and was established 2020-06-11. The fund is listed under Mid-Cap Blend category and is part of Direxion Funds family. Fallen Knives ETF now have 11.69 M in assets. , while the total return for the last year was 63.5%.
Check Fallen Knives Probability Of Bankruptcy

Geographic Allocation (%)

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 Fallen Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Fallen Knives , and the less return is expected.

Top Fallen Knives ETF Constituents

Fallen Knives Target Price Odds Analysis

What are Fallen Knives' target price odds to finish over the current price? Based on a normal probability distribution, the odds of Fallen Knives jumping above the current price in 90 days from now is about 79.58%. The Fallen Knives ETF probability density function shows the probability of Fallen Knives etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Fallen Knives has a beta of 0.0859. This indicates as returns on the market go up, Fallen Knives average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fallen Knives ETF will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Fallen Knives ETF is significantly underperforming DOW.
 Odds Down 72.65HorizonTargetOdds Up 72.65 
20.16%90 days
 72.65 
79.58%
Based on a normal probability distribution, the odds of Fallen Knives to move above the current price in 90 days from now is about 79.58 (This Fallen Knives ETF probability density function shows the probability of Fallen Etf to fall within a particular range of prices over 90 days) .

Fallen Knives Major Institutional Holders

Institutional Holdings refers to the ownership stake in Fallen Knives that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Fallen Knives' 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 Fallen Knives' value.
InstituionSecurity TypeTotal SharesValue
Ubs Group AgFund Units26.5 K2.1 M
View Fallen Knives Diagnostics

Fallen Knives ETF Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Fallen Knives market risk premium is the additional return an investor will receive from holding Fallen Knives 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 Fallen Knives. 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 Fallen Knives' alpha and beta are two of the key measurements used to evaluate Fallen Knives' performance over the market, the standard measures of volatility play an important role as well.

Fallen Knives ETF Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Cosine Of Fallen Knives ETF Price Series is a trigonometric function that describes price patterns. View also all equity analysis or get more info about cosine of price series math transform indicator.

Fallen Knives Against Markets

Picking the right benchmark for Fallen Knives 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 Fallen Knives 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 Fallen Knives is critical whether you are bullish or bearish towards Fallen Knives ETF at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fallen Knives without increasing your portfolio risk or giving up 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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Additionally, see Stocks Correlation. Note that the Fallen Knives ETF information on this page should be used as a complementary analysis to other Fallen Knives' 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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When running Fallen Knives ETF price analysis, check to measure Fallen Knives' 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 Fallen Knives is operating at the current time. Most of Fallen Knives' value examination focuses on studying past and present price action to predict the probability of Fallen Knives' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Fallen Knives' price. Additionally, you may evaluate how the addition of Fallen Knives to your portfolios can decrease your overall portfolio volatility.
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The market value of Fallen Knives ETF is measured differently than its book value, which is the value of Fallen that is recorded on the company's balance sheet. Investors also form their own opinion of Fallen Knives' value that differs from its market value or its book value, called intrinsic value, which is Fallen Knives' 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 Fallen Knives' market value can be influenced by many factors that don't directly affect Fallen Knives ETF underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fallen Knives' value and its price as these two are different measures arrived at by different means. Investors typically determine Fallen Knives value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fallen Knives' 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.