Direxion Auspice Broad Etf Profile
| COM Etf | USD 28.76 0.05 0.17% |
Performance7 of 100
| Odds Of DistressLess than 9
|
Direxion Auspice is selling at 28.76 as of the 30th of November 2024; that is 0.17 percent increase since the beginning of the trading day. The etf's lowest day price was 28.71. Direxion Auspice has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Direxion Auspice Broad are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
The index is a rules-based index that attempts to capture upward trends in the commodity markets while minimizing risk during downtrends by tracking a portfolio of commodity futures contracts. Auspice Broad is traded on NYSEARCA Exchange in the United States. More on Direxion Auspice Broad
Moving together with Direxion Etf
Direxion Etf Highlights
| Thematic Idea | Broad Commodities ETFs (View all Themes) |
| Old Names | [Cardiome Pharma Corp, COMDIRECT BANK , Comdirect Bank AG, comdirect bank AG, COMDIRECT BANK - Dusseldorf Stock Exchang, COMDIRECT BANK - Hanover Stock Exchang, COMDIRECT BANK , COMDIRECT BANK (COM.SG), comdirect bank AG, CNIM Groupe SA, Commerzbank AG, Tambla Limited, Comair Limited] |
| Business Concentration | VN Index, Broad Commodities ETFs, Commodities Broad Basket, Direxion Funds (View all Sectors) |
| Issuer | Direxion |
| Inception Date | 2017-03-30 |
| Benchmark | Auspice Broad Commodity Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 267.33 Million |
| Average Trading Valume | 51,827.7 |
| Asset Type | Commodities |
| Category | Broad Commodities |
| Focus | Broad Commodities |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Rafferty Asset Management, LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Paul Brigandi, Tony Ng |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 5.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.8 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | 6.67 |
| Name | Direxion Auspice Broad Commodity Strategy ETF |
| Currency Code | USD |
| Open Figi | BBG00GBQTBZ0 |
| In Threey Volatility | 8.73 |
| 1y Volatility | 5.79 |
| 200 Day M A | 28.8762 |
| 50 Day M A | 28.8483 |
| Code | COM |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
Direxion Auspice Broad [COM] is traded in USA and was established 2017-03-30. The fund is classified under Commodities Broad Basket category within Direxion Funds family. The entity is thematically classified as Broad Commodities ETFs. Direxion Auspice Broad currently have 307.55 M in assets under management (AUM). , while the total return for the last 3 years was 4.8%.
Check Direxion Auspice Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Direxion Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Direxion Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Direxion Auspice Broad Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Direxion Auspice Top Holders
| IGOAX | Rational Inflation Growth | Mutual Fund | Allocation--50% to 70% Equity | |
| IGOIX | Rational Inflation Growth | Mutual Fund | Allocation--50% to 70% Equity | |
| IGOCX | Rational Inflation Growth | Mutual Fund | Allocation--50% to 70% Equity |
Direxion Auspice Broad Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Direxion Auspice. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0318 | |||
| Jensen Alpha | 0.0151 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.34) |
Direxion Auspice Against Markets
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Direxion Auspice Broad. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of Direxion Auspice Broad 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 Auspice's value that differs from its market value or its book value, called intrinsic value, which is Direxion Auspice'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 Auspice's market value can be influenced by many factors that don't directly affect Direxion Auspice'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 Auspice's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Auspice is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Auspice'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.