Direxion Etf Performance

LOPX -  USA Etf  

USD 8.34  0.11  1.30%

The etf shows a Beta (market volatility) of 1.2939, which means a somewhat significant risk relative to the market. Let's try to break down what Direxion's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Direxion Low will likely underperform. Even though it is essential to pay attention to Direxion Low Priced historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Direxion Low Priced exposes twenty-eight different technical indicators, which can help you to evaluate its performance.

Direxion Etf Performance 

 
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Direxion Performance
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Over the last 90 days Direxion Low Priced has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Etf's basic indicators remain fairly strong which may send shares a bit higher in December 2021. The current disturbance may also be a sign of long term up-swing for the ETF investors. ...more

Direxion Price Channel

Fifty Two Week Low8.04
Fifty Two Week High9.99

Direxion Low Relative Risk vs. Return Landscape

If you would invest  967.00  in Direxion Low Priced on September 1, 2021 and sell it today you would lose (133.00)  from holding Direxion Low Priced or give up 13.75% of portfolio value over 90 days. Direxion Low Priced is currently does not generate positive expected returns and assumes 1.8045% risk (volatility on return distribution) over the 90 days horizon. In different words, 15% of etfs are less volatile than Direxion, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 90 days Direxion Low is expected to under-perform the market. In addition to that, the company is 2.36 times more volatile than its market benchmark. It trades about -0.12 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.01 per unit of volatility.

Direxion Low Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Low's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Direxion Low Priced, and traders can use it to determine the average amount a Direxion Low's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1232

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Estimated Market Risk
 1.8
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 15 %
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1515
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 -0.22
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 -0.12
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Based on monthly moving average Direxion Low is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Direxion Low by adding it to a well-diversified portfolio.

About Direxion Low Performance

To evaluate Direxion Low Priced Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Direxion Low generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Direxion Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Direxion Low Priced stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Direxion's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks investment results, before fees and expenses, that track the Solactive Two Bucks Index. Direxion Low is traded on NYSEArca Exchange in the United States.

Things to note about Direxion Low Priced

Checking the ongoing alerts about Direxion Low for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Direxion Low Priced help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Direxion Low Alerts

Equity Alerts and Improvement Suggestions

Direxion Low Priced generated a negative expected return over the last 90 days
Direxion Low Priced has high likelihood to experience some financial distress in the next 2 years
Additionally, see Stocks Correlation. Note that the Direxion Low Priced information on this page should be used as a complementary analysis to other Direxion Low's 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 Transaction History module to view history of all your transactions and understand their impact on performance.

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