Direxion Monthly Sp Fund Quote
| DXSLX Fund | USD 56.87 0.24 0.42% |
Performance4 of 100
| Odds Of DistressLess than 21
|
Direxion Monthly is trading at 56.87 as of the 19th of April 2024; that is -0.42 percent decrease since the beginning of the trading day. The fund's open price was 57.11. Direxion Monthly has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Direxion Monthly Sp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of October 2023 and ending today, the 19th of April 2024. Click here to learn more.
The fund invests at least 80 percent of its net assets in securities of the index, exchange-traded funds that track the index and other financial instruments that provide monthly exposure to the index or to ETFs that track the index. The index is a float-adjusted and market capitalization-weighted index. More on Direxion Monthly Sp
Moving together with Direxion Mutual Fund
| 0.99 | HCYAX | Direxion Hilton Tactical | PairCorr |
| 0.99 | HCYIX | Direxion Hilton Tactical | PairCorr |
| 0.68 | DXHYX | Direxion Monthly High | PairCorr |
| 0.94 | DXNLX | Direxion Monthly Nasdaq | PairCorr |
| 0.93 | DXQLX | Direxion Monthly Nasdaq | PairCorr |
Direxion Mutual Fund 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 Monthly's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Direxion Monthly or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Direxion Funds, Large Blend Funds, Trading--Leveraged Equity Funds, Trading--Leveraged Equity, Direxion Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 29th of December 2022 |
| Fiscal Year End | August |
Direxion Monthly Sp [DXSLX] is traded in USA and was established 19th of April 2024. Direxion Monthly is listed under Direxion Funds category by Fama And French industry classification. The fund is listed under Trading--Leveraged Equity category and is part of Direxion Funds family. This fund currently has accumulated 92.18 M in assets under management (AUM) with minimum initial investment of 25 K. Direxion Monthly is currently producing year-to-date (YTD) return of 8.96% with the current yeild of 0.01%, while the total return for the last 3 years was 7.08%.
Check Direxion Monthly Probability Of Bankruptcy
Instrument 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 Direxion Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Direxion Mutual Fund, 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 Monthly Sp Mutual Fund, 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 Monthly Sp Mutual Fund Constituents
| IVV | iShares Core SP | Etf | Large Blend |
Direxion Monthly Target Price Odds Analysis
Based on a normal probability distribution, the odds of Direxion Monthly jumping above the current price in 90 days from now is about 70.51%. The Direxion Monthly Sp probability density function shows the probability of Direxion Monthly mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.7345 suggesting 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 Monthly will likely underperform. Additionally, direxion Monthly Sp has an alpha of 0.0093, implying that it can generate a 0.009335 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Direxion Monthly to move above the current price in 90 days from now is about 70.51 (This Direxion Monthly Sp probability density function shows the probability of Direxion Mutual Fund to fall within a particular range of prices over 90 days) .
Direxion Monthly Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Direxion Monthly market risk premium is the additional return an investor will receive from holding Direxion Monthly 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 Monthly. 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 Monthly's alpha and beta are two of the key measurements used to evaluate Direxion Monthly's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.9948 | |||
| Semi Deviation | 1.09 | |||
| Standard Deviation | 1.28 | |||
| Variance | 1.65 |
Direxion Monthly Against Markets
Picking the right benchmark for Direxion Monthly mutual fund 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 Monthly mutual fund 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 Monthly is critical whether you are bullish or bearish towards Direxion Monthly Sp at a given time. Please also check how Direxion Monthly'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 Monthly 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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| All Next | Launch Module |
How to buy Direxion Mutual Fund?
Before investing in Direxion Monthly, 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 Monthly. To buy Direxion Monthly fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Direxion Monthly. 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 Monthly fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Direxion Monthly Sp fund 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 Monthly Sp fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Direxion Monthly Sp, 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 fund 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.
Already Invested in Direxion Monthly Sp?
The danger of trading Direxion Monthly Sp is mainly related to its market volatility and Mutual Fund 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 Monthly 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 Monthly. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Direxion Monthly 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.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Monthly Sp. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.