Given the investment horizon of 30 days, and your above average risk tolerance our recommendation regarding Direxion Daily Mid Cap Bull 3X ETF is 'Hold'. Macroaxis provides Direxion Daily buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MIDU positions. The advice algorithm takes into account all of Direxion Daily Mid available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from MIDU buy-and-hold prospective. Please see also Direxion Daily Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for muliple equity instruments please use Instant Ratings tool.
For the selected time horizon Direxion Daily Mid Cap Bull 3X ETF has a risk adjusted performance of (0.18), jensen alpha of (0.53), total risk alpha of (0.09), sortino ratio of 0.0 and treynor ratio of (0.63)Macroaxis buy, hold, or sell suggestion module can be used to complement Direxion Daily buy, hold, or sell recommendation provided by average analyst sentiment. It analyzes the etf potential to grow using fundamental, technical, data market data available at the time. Please use Direxion Daily Price to Book and Three Year Return to make buy, hold, or sell decision on Direxion Daily Mid.
Odds of Distress
Direxion Daily Thematic Classifications
|Macroaxis IndexMacroaxis power theme of selected equities with solid fundamentals|
Direxion Daily Returns Distribution Density
|Mean Return||0.71||Value At Risk||6|
|Potential Upside||6.00||Standard Deviation||5.12|
Direxion Daily Greeks
|Alpha over DOW||=||0.53|
|Beta against DOW||=||1.14|
Direxion Daily Volatility Alert
Direxion Daily Mid Cap Bull 3X ETF exhibits very low volatility with skewness of -1.28 and kurtosis of 6.58. However, we advise investors to further study Direxion Daily Mid Cap Bull 3X ETF technical indicators to make sure all market info is available and is reliable.
|Better Than Average||Worse Than Average||Compare Direxion Daily to competition|
Direxion Daily Fundamental Vs Peers
|Fundamentals||Direxion Daily||Peer Average|
|Price to Earning||20.76X||8.24X|
|Price to Book||2.25X||0.97X|
|Price to Sales||1.26X||0.72X|
|One Year Return||(10.24)%||(1.25)%|
|Three Year Return||22.11%||2.26%|
|Five Year Return||18.98%||0.20%|
|Last Dividend Paid||0.034||0.03|
|Equity Positions Weight||61.74%||49.22%|
Direxion Daily Market Momentum
Please see also Direxion Daily Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for muliple equity instruments please use Instant Ratings tool. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.