Direxion Daily Sp Etf Profile
| HIBL Etf | USD 48.65 1.63 3.24% |
Performance9 of 100
| Odds Of DistressLess than 10
|
Direxion Daily is selling for 48.65 as of the 28th of November 2024. This is a 3.24 percent down since the beginning of the trading day. The etf's lowest day price was 47.7. 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 SP 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, under normal circumstances, invests at least 80 percent of its net assets in financial instruments that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. SP 500 is traded on NYSEARCA Exchange in the United States.. More on Direxion Daily SP
Moving together with Direxion Etf
| 0.92 | SSO | ProShares Ultra SP500 | PairCorr |
| 0.92 | SPXL | Direxion Daily SP500 | PairCorr |
| 0.91 | QLD | ProShares Ultra QQQ | PairCorr |
| 0.92 | UPRO | ProShares UltraPro SP500 | PairCorr |
| 0.93 | TECL | Direxion Daily Technology | PairCorr |
Moving against Direxion Etf
Direxion Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Size And Style ETFs, Large Cap ETFs, Trading--Leveraged Equity, Direxion Funds (View all Sectors) |
| Issuer | Direxion |
| Inception Date | 2019-11-07 |
| Benchmark | S&P 500 High Beta Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 45.94 Million |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| 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 | 117 |
| Market Maker | IMC |
| Total Expense | 1.04 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | 19.2 |
| Name | Direxion Daily SP 500 High Beta Bull 3X Shares |
| Currency Code | USD |
| Open Figi | BBG00QRNDRW3 |
| In Threey Volatility | 81.95 |
| 1y Volatility | 67.32 |
| 200 Day M A | 42.414 |
| 50 Day M A | 45.1068 |
| Code | HIBL |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.09 |
Direxion Daily SP [HIBL] is traded in USA and was established 2019-11-07. The fund is listed under Trading--Leveraged Equity category and is part of Direxion Funds family. The entity is thematically classified as Size And Style ETFs. Direxion Daily SP currently have 49.71 M in assets under management (AUM). , while the total return for the last 3 years was -10.2%.
Check Direxion Daily 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 Daily SP 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 SP Etf Constituents
| NVDA | NVIDIA | Stock | Information Technology | |
| WDC | Western Digital | Stock | Information Technology | |
| MPWR | Monolithic Power Systems | Stock | Information Technology | |
| LB | LandBridge Company LLC | Stock | Consumer Discretionary | |
| AMP | Ameriprise Financial | Stock | Financials | |
| TSLA | Tesla Inc | Stock | Consumer Discretionary | |
| CCL | Carnival | Stock | Consumer Discretionary | |
| FCX | Freeport McMoran Copper Gold | Stock | Materials |
Direxion Daily SP 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 | 0.0862 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0615 |
Direxion Daily Against Markets
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily SP. 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 labor statistics. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
The market value of Direxion Daily SP 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.