Direxion Etf Performance
The etf shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Direxion are completely uncorrelated.
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 fairly stable essential indicators, Direxion is not utilizing all of its potentials. The recent stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
Direxion |
Direxion Relative Risk vs. Return Landscape
If you would invest (100.00) in Direxion on September 18, 2024 and sell it today you would earn a total of 100.00 from holding Direxion or generate -100.0% 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.
| Price To Earning | 19.81 X | |||
| Price To Book | 3.02 X | |||
| Price To Sales | 1.54 X | |||
| Direxion is not yet fully synchronised with the market data | |
| Direxion has some characteristics of a very speculative penny stock | |
| The fund keeps 99.64% of its net assets in stocks |
Check out World Market Map 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 bureau of economic analysis. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Other Tools for Direxion Etf
When running Direxion's price analysis, check to measure Direxion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Direxion is operating at the current time. Most of Direxion's value examination focuses on studying past and present price action to predict the probability of Direxion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direxion's price. Additionally, you may evaluate how the addition of Direxion to your portfolios can decrease your overall portfolio volatility.
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