Direxion Daily Mu Etf Performance
| MUU Etf | 23.09 2.04 8.12% |
The etf shows a Beta (market volatility) of -0.84, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Direxion Daily are expected to decrease at a much lower rate. During the bear market, Direxion Daily is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days Direxion Daily MU has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Direxion Daily is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
1 | Direxion Names NYSE ETF Head Douglas Yones as CEO - Yahoo Finance | 11/18/2024 |
2 | Direxion Daily MU Bull 2X Shares declares quarterly distribution of 0.0471 | 12/24/2024 |
3 | Direxions Micron Bull And Bear ETFs Allow Investors To Trade The Tech Tug-of-War | 01/15/2025 |
Direxion |
Direxion Daily Relative Risk vs. Return Landscape
If you would invest 2,695 in Direxion Daily MU on October 26, 2024 and sell it today you would lose (386.00) from holding Direxion Daily MU or give up 14.32% of portfolio value over 90 days. Direxion Daily MU is generating 0.0509% of daily returns assuming volatility of 7.7092% on return distribution over 90 days investment horizon. In other words, 68% 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 |
| 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 MU, 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 = 0.0066
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| Cash | Small Risk | Average Risk | High Risk | MUU |
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Estimated Market Risk
| 7.71 actual daily | 68 68% of assets are less volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Direxion Daily 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 Daily by adding Direxion Daily to a well-diversified portfolio.
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.
| Direxion Daily MU had very high historical volatility over the last 90 days | |
| Latest headline from benzinga.com: Direxions Micron Bull And Bear ETFs Allow Investors To Trade The Tech Tug-of-War |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily MU. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of Direxion Daily MU 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.