Direxion Etf Performance
| KLNE Etf | USD 6.28 0.06 0.95% |
The etf shows a Beta (market volatility) of -0.78, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Direxion are expected to decrease at a much lower rate. During the bear market, Direxion is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days Direxion has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Direxion is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
Direxion |
Direxion Relative Risk vs. Return Landscape
If you would invest 628.00 in Direxion on September 19, 2024 and sell it today you would earn a total of 0.00 from holding Direxion or generate 0.0% return on investment over 90 days. Direxion is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% 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. Expected Return |
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Direxion Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Direxion, and traders can use it to determine the average amount a Direxion'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 = 0.0
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Based on monthly moving average Direxion is not performing at its full potential. However, 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 by adding Direxion to a well-diversified portfolio.
Direxion Fundamentals Growth
Direxion Etf prices reflect investors' perceptions of the future prospects and financial health of Direxion, and Direxion 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.
| Total Asset | 6.11 M | |||
About Direxion Performance
By analyzing Direxion's fundamental ratios, stakeholders can gain valuable insights into Direxion's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Direxion has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Direxion has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
The index is designed to track the performance of companies from developed markets whose economic fortunes are tied to the global clean energy business. Direxion Daily is traded on NYSEARCA Exchange in the United States.| Direxion is not yet fully synchronised with the market data |
Check out Correlation 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 board of governors. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of Direxion 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's value that differs from its market value or its book value, called intrinsic value, which is Direxion'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's market value can be influenced by many factors that don't directly affect Direxion'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion'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.