Direxion Etf Profile

TSLL
 Etf
  

USD 11.29  0.51  4.73%   

Market Performance
0 of 100
Odds Of Distress
Less than 38
Direxion Shares is selling for 11.29 as of the 10th of December 2022. This is a 4.73 percent up since the beginning of the trading day. The etf's lowest day price was 10.77. Direxion Shares has about a 38 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Direxion Shares ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 10th of November 2022 and ending today, the 10th of December 2022. Click here to learn more.
The fund, under normal circumstances, invests at least 80 percent of its net assets in the securities of TSLA and financial instruments, such as swap agreements and options, that provide leveraged exposure to TSLA. Direxion Daily is traded on NASDAQ Exchange in the United States. More on Direxion Shares ETF

Moving against Direxion Shares

-0.68JPMJPMorgan Chase Fiscal Year End 13th of January 2023 PairCorr
-0.56MMM3M Company Sell-off TrendPairCorr

Direxion Shares 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 Shares' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Direxion Shares or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Direxion Shares ETF generated a negative expected return over the last 90 days
Direxion Shares ETF has high historical volatility and very poor performance
The fund maintains most of the assets in different exotic instruments.
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 Direxion Shares' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyOvervalued
IssuerDirexion
Inception Date2022-08-09
Entity TypeRegulated Investment Company
Asset Under Management117.91 Million
Asset TypeEquity
CategoryStrategy
FocusEquity
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, Tony Ng
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End31-Oct
ExchangeNASDAQ
Number of Constituents18.0
Market MakerSusquehanna
Total Expense0.99
Management Fee0.75
Nav Price16.35
Two Hundred Day Average19.53
Average Daily Volume In Three Month1.73M
Fifty Two Week Low10.23
As Of Date24th of October 2022
Average Daily Volume Last 10 Day2.55M
Fifty Two Week High28.08
One Month-34.20%
Fifty Day Average16.25
Direxion Shares ETF [TSLL] is traded in USA and was established 2022-08-08. The fund is listed under Trading--Leveraged Equity category and is part of Direxion Funds family. Direxion Shares ETF at this time have 57.17 M in assets.
Check Direxion Shares Probability Of Bankruptcy

Direxion Shares Target Price Odds Analysis

Based on a normal probability distribution, the odds of Direxion Shares jumping above the current price in 90 days from now is about 86.47%. The Direxion Shares ETF probability density function shows the probability of Direxion Shares 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 2.2262. This usually implies 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 Shares will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Direxion Shares ETF is significantly underperforming NYSE Composite.
  Odds Below 11.29HorizonTargetOdds Above 11.29
13.49%90 days
 11.29 
86.47%
Based on a normal probability distribution, the odds of Direxion Shares to move above the current price in 90 days from now is about 86.47 (This Direxion Shares ETF probability density function shows the probability of Direxion Etf to fall within a particular range of prices over 90 days) .

Direxion Shares Major Institutional Holders

Institutional Holdings refers to the ownership stake in Direxion Shares that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Direxion Shares' 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 Direxion Shares' value.
InstituionSecurity TypeTotal SharesValue
Tower Research Capital Llc TrcFund UnitsK22 K
Susquehanna International Group LlpPut Options20.7 K443 K
Susquehanna International Group LlpCall Options89.2 K1.9 M
View Direxion Shares Diagnostics

Direxion Shares ETF Risk Profiles

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

Direxion Shares Against Markets

Picking the right benchmark for Direxion Shares 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 Shares 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 Shares is critical whether you are bullish or bearish towards Direxion Shares 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 Direxion Shares 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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Invested in Direxion Shares ETF?

The danger of trading Direxion Shares 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 Shares 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 Shares. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Direxion Shares 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.
Additionally, take a look at World Market Map. You can also try Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for analysis

When running Direxion Shares ETF price analysis, check to measure Direxion Shares' 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 Shares is operating at the current time. Most of Direxion Shares' value examination focuses on studying past and present price action to predict the probability of Direxion Shares' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Direxion Shares' price. Additionally, you may evaluate how the addition of Direxion Shares to your portfolios can decrease your overall portfolio volatility.
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The market value of Direxion Shares 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 Shares' value that differs from its market value or its book value, called intrinsic value, which is Direxion Shares' 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 Shares' market value can be influenced by many factors that don't directly affect Direxion Shares' 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 Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine Direxion Shares value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Shares' 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.