Direxion Work From Etf Performance
| WFH Etf | USD 64.60 0.99 1.51% |
The etf shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, Direxion Work's returns are expected to increase less than the market. However, during the bear market, the loss of holding Direxion Work is expected to be smaller as well.
Risk-Adjusted Performance
8 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Work From are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite fairly unfluctuating technical and fundamental indicators, Direxion Work may actually be approaching a critical reversion point that can send shares even higher in February 2025. ...more
1 | Direxion Work From Home ETF declares quarterly distribution of 0.0623 | 12/24/2024 |
| In Threey Sharp Ratio | -0.26 |
Direxion |
Direxion Work Relative Risk vs. Return Landscape
If you would invest 5,965 in Direxion Work From on October 9, 2024 and sell it today you would earn a total of 495.00 from holding Direxion Work From or generate 8.3% return on investment over 90 days. Direxion Work From is generating 0.1366% of daily returns assuming volatility of 1.2668% on return distribution over 90 days investment horizon. In other words, 11% of etfs are less volatile than Direxion, and above 98% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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Direxion Work Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Work's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Direxion Work From, and traders can use it to determine the average amount a Direxion Work'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 = 0.1078
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| Cash | WFH | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.27 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Direxion Work 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 Work by adding it to a well-diversified portfolio.
Direxion Work Fundamentals Growth
Direxion Etf prices reflect investors' perceptions of the future prospects and financial health of Direxion Work, and Direxion Work 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 | 37.08 M | |||
About Direxion Work Performance
By evaluating Direxion Work's fundamental ratios, stakeholders can gain valuable insights into Direxion Work's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Direxion Work has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Direxion Work has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund, under normal circumstances, invests at least 80 percent of its assets in the securities that comprise the index or investments with economic characteristics similar to the securities included in the index. Work From is traded on NYSEARCA Exchange in the United States.| Latest headline from seekingalpha.com: Direxion Work From Home ETF declares quarterly distribution of 0.0623 | |
| The fund generated three year return of -2.0% | |
| Direxion Work From keeps 99.72% of its net assets in stocks |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Direxion Work From. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of Direxion Work From 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 Work's value that differs from its market value or its book value, called intrinsic value, which is Direxion Work'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 Work's market value can be influenced by many factors that don't directly affect Direxion Work'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 Work's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Work is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Work'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.