Direxion Daily Small Etf Profile
| TZA Etf | USD 10.18 0.05 0.49% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Direxion Daily is trading at 10.18 as of the 28th of November 2024, a 0.49 percent down since the beginning of the trading day. The etf's open price was 10.23. Direxion Daily has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Direxion Daily Small 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 in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80 percent of the funds net assets . Smallcap Bear is traded on NYSEARCA Exchange in the United States.. More on Direxion Daily Small
Moving together with Direxion Etf
| 0.92 | SH | ProShares Short SP500 | PairCorr |
| 0.89 | PSQ | ProShares Short QQQ | PairCorr |
| 0.92 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.92 | SDS | ProShares UltraShort | PairCorr |
| 0.92 | SPXS | Direxion Daily SP | PairCorr |
| 0.88 | QID | ProShares UltraShort QQQ | PairCorr |
Moving against Direxion Etf
Direxion Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Small Cap ETFs, Size And Style ETFs, Trading--Inverse Equity, Direxion Funds (View all Sectors) |
| Issuer | Direxion |
| Inception Date | 2008-11-05 |
| Benchmark | Russell 2000 Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 308.18 Million |
| Average Trading Valume | 30.73 Million |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Small 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-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 28.0 |
| Market Maker | Virtu Financial |
| Total Expense | 1.04 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | (46.89) |
| Name | Direxion Daily Small Cap Bear 3X Shares |
| Currency Code | USD |
| Open Figi | BBG000JLF4M3 |
| In Threey Volatility | 65.17 |
| 1y Volatility | 57.37 |
| 200 Day M A | 16.5313 |
| 50 Day M A | 12.887 |
| Code | TZA |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
Direxion Daily Small [TZA] is traded in USA and was established 2008-11-05. The fund is classified under Trading--Inverse Equity category within Direxion Funds family. The entity is thematically classified as Small Cap ETFs. Direxion Daily Small at this time have 551.1 M in assets. , while the total return for the last 3 years was -26.6%.
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 Small 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.
Direxion Daily Top Holders
| AAOPX | Opportunistic Fund Class | Mutual Fund | Allocation--70% to 85% Equity | |
| AACOX | Opportunistic Fund Class | Mutual Fund | Allocation--50% to 70% Equity | |
| AIOPX | Opportunistic Fund Institutional | Mutual Fund | Allocation--70% to 85% Equity | |
| APOPX | Opportunistic Fund Investor | Mutual Fund | Allocation--50% to 70% Equity |
Direxion Daily Small 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 | (0.06) | |||
| Jensen Alpha | 0.1655 | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | 0.0836 |
Direxion Daily Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Daily Small. 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of Direxion Daily Small 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.