Direxion Daily Semiconductor Etf Performance
SOXL Etf | USD 46.50 1.47 3.26% |
The etf shows a Beta (market volatility) of 4.89, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Direxion Daily will likely underperform.
Risk-Adjusted Performance
11 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Daily Semiconductor are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite quite conflicting basic indicators, Direxion Daily disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Direxion Daily Semiconductors Bull 3x Shares Shares Gap Down to 31.40 | 01/04/2024 |
2 | Direxion Daily Semiconductors Bull 3x Shares Shares Up 6.4 | 01/10/2024 |
3 | Direxion Daily Semiconductors Bull 3x Shares Trading 4.4 percent Higher | 01/18/2024 |
4 | Nvidia Stock Dives Ahead Of Q4 Print, Drags Direxion SOXL ETF Toward Breaking Point A Technical Analysis - Markets Insider | 02/20/2024 |
5 | Direxion Daily Semiconductors Bull 3x Shares Stock Price Down 5.7 | 02/22/2024 |
6 | SOXL Soars Toward New Highs NVIDIA And AMD Fuel Semiconductor Sector Rally - Markets Insider | 02/29/2024 |
7 | Direxion Daily Semiconductors Bull 3x Shares Shares Gap Down to 49.77 | 03/05/2024 |
8 | Direxion Daily Semiconductors Bull 3x Shares Shares Gap Up to 46.77 | 03/12/2024 |
9 | Anchor Investment Management LLC Buys New Position in Direxion Daily Semiconductors Bull 3x Shares ... - Defense World | 03/19/2024 |
In Threey Sharp Ratio | 0.49 |
Direxion |
Direxion Daily Relative Risk vs. Return Landscape
If you would invest 3,137 in Direxion Daily Semiconductor on December 29, 2023 and sell it today you would earn a total of 1,513 from holding Direxion Daily Semiconductor or generate 48.23% return on investment over 90 days. Direxion Daily Semiconductor is currently generating 0.7983% in daily expected returns and assumes 5.5794% risk (volatility on return distribution) over the 90 days horizon. In different words, 49% of etfs are less volatile than Direxion, and 85% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
Risk |
Direxion Daily Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Daily's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Direxion Daily Semiconductor, and traders can use it to determine the average amount a Direxion Daily'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 = 0.1431
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Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
5.58 actual daily | 49 51% of assets are more volatile |
Expected Return
0.8 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Direxion Daily is performing at about 11% 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 Daily by adding it to a well-diversified portfolio.
Direxion Daily Fundamentals Growth
Direxion Etf prices reflect investors' perceptions of the future prospects and financial health of Direxion Daily, and Direxion Daily fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Direxion Etf performance.
Price To Earning | 22.78 X | |||
Price To Book | 3.66 X | |||
Price To Sales | 3.66 X | |||
Earnings Per Share | 0.89 X | |||
Total Asset | 3.14 B | |||
About Direxion Daily Performance
To evaluate Direxion Daily Semic 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 Daily 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 Daily Semic market performance in a much more refined way. 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 fund invests at least 80 percent of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. Semiconductor Bull is traded on NYSEARCA Exchange in the United States.Direxion Daily Semic is way too risky over 90 days horizon | |
Direxion Daily Semic appears to be risky and price may revert if volatility continues | |
Latest headline from news.google.com: Anchor Investment Management LLC Buys New Position in Direxion Daily Semiconductors Bull 3x Shares ... - Defense World |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Daily Semiconductor. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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When running Direxion Daily's price analysis, check to measure Direxion Daily'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 Daily is operating at the current time. Most of Direxion Daily's value examination focuses on studying past and present price action to predict the probability of Direxion Daily's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direxion Daily's price. Additionally, you may evaluate how the addition of Direxion Daily to your portfolios can decrease your overall portfolio volatility.
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The market value of Direxion Daily Semic 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 Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily'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 Daily's market value can be influenced by many factors that don't directly affect Direxion Daily'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 Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily'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.