Direxion Daily is trading at 42.77 as of the 28th of November 2024. This is a 1.71 percent up since the beginning of the trading day. The etf's lowest day price was 42.55. Direxion Daily has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Direxion Daily Junior are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 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, ETFs that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. More on Direxion Daily Junior
Direxion Daily Junior Gold Miners Index Bull 2X Shares
Currency Code
USD
Open Figi
BBG005CM7G67
In Threey Volatility
67.9
1y Volatility
68.57
200 Day M A
40.5921
50 Day M A
48.7108
Code
JNUG
Updated At
27th of November 2024
Currency Name
US Dollar
Direxion Daily Junior [JNUG] is traded in USA and was established 2013-10-03. 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 Junior currently have 236.79 M in assets under management (AUM). , while the total return for the last 3 years was -12.5%.
Check Direxion Daily Probability Of Bankruptcy
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.
When determining whether Direxion Daily Junior is a strong investment it is important to analyze Direxion Daily's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Direxion Daily's future performance. For an informed investment choice regarding Direxion Etf, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily Junior. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of Direxion Daily Junior 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.