Direxion Shares Etf Profile
| EVAV Etf | USD 21.77 1.09 5.27% |
Performance8 of 100
| Odds Of DistressLess than 9
|
Direxion Shares is selling for under 21.77 as of the 30th of November 2024; that is 5.27 percent up since the beginning of the trading day. The etf's lowest day price was 21.27. Direxion Shares 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 Shares ETF 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 designed to track the performance of electric and autonomous vehicles companies. Direxion Daily is traded on NYSEARCA Exchange in the United States. More on Direxion Shares ETF
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Direxion Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Trading--Leveraged Equity, Direxion Funds (View all Sectors) |
| Issuer | Direxion |
| Inception Date | 2022-08-11 |
| Benchmark | Indxx US Electric and Autonomous Vehicles Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 4.65 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| 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-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 25.0 |
| Market Maker | Susquehanna |
| Total Expense | 1.09 |
| Management Fee | 0.75 |
| 200 Day M A | 19.0758 |
| Country Name | USA |
| 50 Day M A | 19.4948 |
| Code | EVAV |
| Updated At | 30th of November 2024 |
| Returns Y T D | (50.53) |
| Name | Direxion Shares ETF Trust - Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG019097CT4 |
| Type | ETF |
| 1y Volatility | 73.22 |
Direxion Shares ETF [EVAV] is traded in USA and was established 2022-08-10. The fund is listed under Trading--Leveraged Equity category and is part of Direxion Funds family. The entity is thematically classified as Strategy ETFs. Direxion Shares ETF currently have 3.13 M in assets under management (AUM). , while the total return for the last year was -41.8%.
Check Direxion Shares Probability Of Bankruptcy
Geographic Allocation (%)
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 Shares ETF 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 Shares ETF Etf Constituents
| TSLA | Tesla Inc | Stock | Consumer Discretionary | |
| INDI | indie Semiconductor | Stock | Information Technology | |
| EH | Ehang Holdings | Stock | Industrials | |
| BWA | BorgWarner | Stock | Consumer Discretionary | |
| LCID | Lucid Group | Stock | Consumer Discretionary | |
| RIVN | Rivian Automotive | Stock | Consumer Discretionary | |
| CHPT | ChargePoint Holdings | Stock | Industrials | |
| CRNC | Cerence | Stock | Information Technology |
Direxion Shares ETF 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 Shares. 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 | 0.1065 | |||
| Jensen Alpha | 0.3599 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.102 |
Direxion Shares Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Shares ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
The market value of Direxion Shares ETF 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 Shares' value that differs from its market value or its book value, called intrinsic value, which is Direxion Shares' 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 Shares' market value can be influenced by many factors that don't directly affect Direxion Shares' 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 Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Shares' 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.