Direxion Etf Profile
The performance scores are derived for the period starting the 31st of December 2022 and ending today, the 20th of December 2024. Click here to learn more.
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RefreshDirexion Etf Highlights
| Old Name | DIREXION DAILY MID CAP BULL 2X SHARES DIREXION DAILY MID CAP BULL 2X SHARES |
| Business Concentration | Trading-Leveraged Equity, Direxion Funds (View all Sectors) |
Direxion [MDLL] is traded in USA and was established July 29, 2014. The fund is listed under Trading-Leveraged Equity category and is part of Direxion Funds family. This fund now have 1.4 M in assets. Direxion is currently generating year-to-date return of -12.0%, while the total return for the last year was 16.01%.
Direxion currently holds about 1.21 M in cash with 145.66 K of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.79.
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Direxion Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Direxion etf to make a market-neutral strategy. Peer analysis of Direxion could also be used in its relative valuation, which is a method of valuing Direxion by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Correlation Analysis to better understand how to build diversified portfolios. 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 economic analysis. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Tools for Direxion Etf
When running Direxion's price analysis, check to measure Direxion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Direxion is operating at the current time. Most of Direxion's value examination focuses on studying past and present price action to predict the probability of Direxion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direxion's price. Additionally, you may evaluate how the addition of Direxion to your portfolios can decrease your overall portfolio volatility.
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