Direxion Auspice Broad Etf Performance
| COM Etf | USD 29.24 0.11 0.37% |
The etf shows a Beta (market volatility) of 0.0357, which means not very significant fluctuations relative to the market. As returns on the market increase, Direxion Auspice's returns are expected to increase less than the market. However, during the bear market, the loss of holding Direxion Auspice is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Auspice Broad are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Direxion Auspice is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors. ...more
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| In Threey Sharp Ratio | -0.35 |
Direxion |
Direxion Auspice Relative Risk vs. Return Landscape
If you would invest 2,831 in Direxion Auspice Broad on December 24, 2024 and sell it today you would earn a total of 97.00 from holding Direxion Auspice Broad or generate 3.43% return on investment over 90 days. Direxion Auspice Broad is generating 0.0566% of daily returns assuming volatility of 0.524% on return distribution over 90 days investment horizon. In other words, 4% of etfs are less volatile than Direxion, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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Direxion Auspice Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Auspice's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Direxion Auspice Broad, and traders can use it to determine the average amount a Direxion Auspice'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 = 0.108
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Estimated Market Risk
| 0.52 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Direxion Auspice is performing at about 8% 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 Auspice by adding it to a well-diversified portfolio.
Direxion Auspice Fundamentals Growth
Direxion Etf prices reflect investors' perceptions of the future prospects and financial health of Direxion Auspice, and Direxion Auspice 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 | 307.55 M | |||
About Direxion Auspice Performance
By examining Direxion Auspice's fundamental ratios, stakeholders can obtain critical insights into Direxion Auspice's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Direxion Auspice is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The index is a rules-based index that attempts to capture upward trends in the commodity markets while minimizing risk during downtrends by tracking a portfolio of commodity futures contracts. Auspice Broad is traded on NYSEARCA Exchange in the United States.| Latest headline from thelincolnianonline.com: Direxion Auspice Broad Commodity Strategy ETF Shares Bought by Creative Financial Designs Inc. ADV | |
| The fund holds all of the assets under management (AUM) in different types of exotic instruments |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Direxion Auspice Broad. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of Direxion Auspice Broad 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 Auspice's value that differs from its market value or its book value, called intrinsic value, which is Direxion Auspice'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 Auspice's market value can be influenced by many factors that don't directly affect Direxion Auspice'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 Auspice's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Auspice is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Auspice'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.