Direxion Daily Sp Etf Performance
| DRIP Etf | USD 10.91 0.49 4.70% |
The etf shows a Beta (market volatility) of -1.07, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Direxion Daily are expected to decrease slowly. On the other hand, during market turmoil, Direxion Daily is expected to outperform it slightly.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Daily SP are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Even with relatively uncertain forward indicators, Direxion Daily reported solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | The Cannabist Company and Ric Flair Drip Launch Partnership in Delaware | 12/19/2024 |
2 | Harvest ETFs Announces January 2025 Distributions - Business Wire | 01/24/2025 |
3 | Chartwell Announces February 2025 Distribution and Provides Occupancy Update | 02/18/2025 |
| In Threey Sharp Ratio | -0.46 |
Direxion |
Direxion Daily Relative Risk vs. Return Landscape
If you would invest 916.00 in Direxion Daily SP on November 28, 2024 and sell it today you would earn a total of 175.00 from holding Direxion Daily SP or generate 19.1% return on investment over 90 days. Direxion Daily SP is currently generating 0.3484% in daily expected returns and assumes 3.0876% risk (volatility on return distribution) over the 90 days horizon. In different words, 27% of etfs are less volatile than Direxion, and 94% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. 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 SP, 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 = 0.1128
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Estimated Market Risk
| 3.09 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Direxion Daily 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 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.
| Total Asset | 101.12 M | |||
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 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 . SP Oil is traded on NYSEARCA Exchange in the United States.| Direxion Daily SP had very high historical volatility over the last 90 days | |
| Latest headline from finance.yahoo.com: Chartwell Announces February 2025 Distribution and Provides Occupancy Update | |
| Direxion Daily SP created five year return of -75.0% | |
| This fund retains most of the assets under management (AUM) in different types of exotic instruments. |
Check out Investing Opportunities 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 gross domestic product. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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.