Direxion Etf Profile

The performance scores are derived for the period starting the 1st of February 2023 and ending today, the 21st of January 2025. Click here to learn more.
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Direxion Etf Highlights

Old NameDirexion Daily Natural Gas Related Bull 3X Shares
Business ConcentrationTrading--Leveraged Equity, Direxion Funds (View all Sectors)
Nav Price6.4
Two Hundred Day Average6.34
Ytd-99.35%
Fifty Two Week Low4.17
As Of Date29th of February 2020
Fifty Two Week High1,079.00
One Month-97.14%
Fifty Day Average6.34
Three Month-99.35%
Beta In Three Year4.39
Direxion [GASL] is traded in USA and was established 2010-07-14. The fund is listed under Trading--Leveraged Equity category and is part of Direxion Funds family. Direxion currently have 34.91 M in assets under management (AUM). , while the total return for the last 3 years was -92.86%.
Check Direxion Probability Of Bankruptcy

Top Direxion Etf Constituents

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CNXCNX Resources CorpStockEnergy
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Direxion Against Markets

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Direxion Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Direxion etf to make a market-neutral strategy. Peer analysis of Direxion could also be used in its relative valuation, which is a method of valuing Direxion by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Other Tools for Direxion Etf

When running Direxion's price analysis, check to measure Direxion'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 is operating at the current time. Most of Direxion's value examination focuses on studying past and present price action to predict the probability of Direxion'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's price. Additionally, you may evaluate how the addition of Direxion to your portfolios can decrease your overall portfolio volatility.
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Analyst Advice
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