Direxion Daily Aerospace Etf Profile
| DFEN Etf | USD 37.24 0.62 1.64% |
Performance4 of 100
| Odds Of DistressLess than 10
|
Direxion Daily is selling at 37.24 as of the 28th of November 2024; that is 1.64 percent decrease since the beginning of the trading day. The etf's open price was 37.86. Direxion Daily has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Direxion Daily Aerospace are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 28th of November 2024. Click here to learn more.
The fund invests at least 80 percent of its net assets in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. More on Direxion Daily Aerospace
Moving together with Direxion Etf
| 0.79 | SSO | ProShares Ultra SP500 | PairCorr |
| 0.79 | SPXL | Direxion Daily SP500 | PairCorr |
| 0.74 | QLD | ProShares Ultra QQQ | PairCorr |
| 0.79 | UPRO | ProShares UltraPro SP500 | PairCorr |
| 0.78 | TECL | Direxion Daily Technology | PairCorr |
Moving against Direxion Etf
Direxion Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Industrials ETFs, Trading--Leveraged Equity, Direxion Funds (View all Sectors) |
| Issuer | Direxion |
| Inception Date | 2017-05-03 |
| Benchmark | Dow Jones US Select Aerospace & Defense Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 223.27 Million |
| Average Trading Valume | 338,878 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Industrials |
| Market Concentration | Developed Markets |
| Region | North America |
| 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-Jul |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 54.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.97 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | 50.65 |
| Name | Direxion Daily Aerospace Defense Bull 3X Shares Direxion Daily Aerospace |
| Currency Code | USD |
| Open Figi | BBG00GM464T5 |
| In Threey Volatility | 60.39 |
| 1y Volatility | 47.28 |
| 200 Day M A | 29.4456 |
| 50 Day M A | 35.9276 |
| Code | DFEN |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
Direxion Daily Aerospace [DFEN] is traded in USA and was established 2017-05-03. The fund is listed under Trading--Leveraged Equity category and is part of Direxion Funds family. The entity is thematically classified as Sector ETFs. Direxion Daily Aerospace currently have 123.53 M in assets under management (AUM). , while the total return for the last 3 years was 23.3%.
Check Direxion Daily 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 Daily Aerospace 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.
Top Direxion Daily Aerospace Etf Constituents
| BA | The Boeing | Stock | Industrials | |
| GD | General Dynamics | Stock | Industrials | |
| HWM | Howmet Aerospace | Stock | Industrials | |
| LHX | L3Harris Technologies | Stock | Industrials | |
| LMT | Lockheed Martin | Stock | Industrials | |
| NOC | Northrop Grumman | Stock | Industrials | |
| RTX | Raytheon Technologies Corp | Stock | Industrials | |
| TDG | Transdigm Group Incorporated | Stock | Industrials |
Direxion Daily Aerospace 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 Daily. 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 | 0.0698 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.039 |
Direxion Daily Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Aerospace. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of Direxion Daily Aerospace 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.