Direxion Daily Gold Etf Performance
| NUGT Etf | USD 58.45 1.76 2.92% |
The etf shows a Beta (market volatility) of 0.86, which means possible diversification benefits within a given portfolio. Direxion Daily returns are very sensitive to returns on the market. As the market goes up or down, Direxion Daily is expected to follow.
Risk-Adjusted Performance
Solid
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Daily Gold are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain technical and fundamental indicators, Direxion Daily unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Direxion Daily Gold Miners Index Bull 2x Shares Sees Large Volume Increase Time to Buy | 01/07/2025 |
2 | Gold Rally to Continue Leveraged ETFs to Make Profits - Yahoo Finance | 02/06/2025 |
3 | NUGT There Is An Investment Case In Leveraged Gold Mining - Seeking Alpha | 03/20/2025 |
| In Threey Sharp Ratio | 0.16 |
Direxion |
Direxion Daily Relative Risk vs. Return Landscape
If you would invest 3,620 in Direxion Daily Gold on December 23, 2024 and sell it today you would earn a total of 2,225 from holding Direxion Daily Gold or generate 61.46% return on investment over 90 days. Direxion Daily Gold is currently generating 0.8452% in daily expected returns and assumes 3.4026% risk (volatility on return distribution) over the 90 days horizon. In different words, 30% of etfs are less volatile than Direxion, and 83% 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 Gold, 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 = 0.2484
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.4 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.85 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Direxion Daily is performing at about 19% 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 | 24.94 X | |||
| Price To Book | 1.27 X | |||
| Price To Sales | 2.24 X | |||
| Total Asset | 378.41 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 at least 80 percent of its net assets in financial instruments, such as swap agreements, ETFs that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. Gold Miners is traded on NYSEARCA Exchange in the United States.| Direxion Daily Gold appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: NUGT There Is An Investment Case In Leveraged Gold Mining - Seeking Alpha | |
| Direxion Daily Gold created-18.0 ten year return of -18.0% |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily Gold. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of Direxion Daily Gold 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.