Direxion Daily Financial Etf Performance
| FAS Etf | USD 181.33 0.60 0.33% |
The etf shows a Beta (market volatility) of 1.9, 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
Modest
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Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Daily Financial are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Direxion Daily may actually be approaching a critical reversion point that can send shares even higher in March 2025. ...more
1 | Financial Bull 3X ETF Direxion Quote - Press Release - The Globe and Mail | 11/25/2024 |
2 | Under Pressure ETF Innovations Challenge FAs to Keep Pace - etf.com | 02/13/2025 |
| In Threey Sharp Ratio | 0.44 |
Direxion |
Direxion Daily Relative Risk vs. Return Landscape
If you would invest 16,536 in Direxion Daily Financial on November 19, 2024 and sell it today you would earn a total of 1,597 from holding Direxion Daily Financial or generate 9.66% return on investment over 90 days. Direxion Daily Financial is generating 0.1851% of daily returns assuming volatility of 2.6105% on return distribution over 90 days investment horizon. In other words, 23% of etfs are less volatile than Direxion, and above 97% of all equities are expected to generate higher returns over the next 90 days. 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 Financial, 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 = 0.0709
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.61 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Direxion Daily is performing at about 5% 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 | 16.78 X | |||
| Price To Book | 1.61 X | |||
| Price To Sales | 2.78 X | |||
| Total Asset | 1.45 B | |||
About Direxion Daily Performance
Assessing Direxion Daily's fundamental ratios provides investors with valuable insights into Direxion Daily's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Direxion Daily is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. 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. Financial Bull is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: Under Pressure ETF Innovations Challenge FAs to Keep Pace - etf.com |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Financial. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
The market value of Direxion Daily Financial 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.