Direxion Daily Sp Etf Profile
| LABD Etf | USD 8.02 0.53 7.08% |
PerformanceInsignificant
| Odds Of DistressLow
|
Direxion Daily is trading at 8.02 as of the 19th of March 2025, a 7.08 percent up since the beginning of the trading day. The etf's lowest day price was 7.72. Direxion Daily has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. The performance scores are derived for the period starting the 19th of December 2024 and ending today, the 19th of March 2025. Click here to learn more.
The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80 percent of the funds net assets . More on Direxion Daily SP
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Direxion Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Health Care ETFs, Trading--Inverse Equity, Direxion Funds (View all Sectors) |
| Issuer | Direxion |
| Inception Date | 2015-05-28 |
| Benchmark | S&P Biotechnology Select Industry Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 45.88 Million |
| Average Trading Valume | 17.47 Million |
| Asset Type | Equity |
| Category | Sector |
| Focus | Health Care |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Rafferty Asset Management, LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Paul Brigandi, Tony Ng |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Sep |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 24.0 |
| Market Maker | Virtu Financial |
| Total Expense | 1.12 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | 3.31 |
| Name | Direxion Daily SP Biotech Bear 3X Shares |
| Currency Code | USD |
| Open Figi | BBG0099SHGJ5 |
| In Threey Volatility | 80.75 |
| 1y Volatility | 64.83 |
| 200 Day M A | 6.5244 |
| 50 Day M A | 7.171 |
| Code | LABD |
| Updated At | 18th of March 2025 |
| Currency Name | US Dollar |
Direxion Daily SP [LABD] is traded in USA and was established 2015-05-28. The fund is listed under Trading--Inverse Equity category and is part of Direxion Funds family. The entity is thematically classified as Sector ETFs. Direxion Daily SP now have 204.2 M in assets. , while the total return for the last 3 years was -39.6%.
Check Direxion Daily Probability Of Bankruptcy
Direxion Daily SP Risk Profiles
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 Daily. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0548 | |||
| Jensen Alpha | 0.2512 | |||
| Total Risk Alpha | 0.6783 | |||
| Sortino Ratio | 0.0804 |
Direxion Daily Against Markets
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of Direxion Daily SP 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.