Direxion Work From Etf Profile
| WFH Etf | USD 64.64 0.85 1.30% |
Performance15 of 100
| Odds Of DistressLess than 9
|
Direxion Work is trading at 64.64 as of the 28th of November 2024. This is a 1.3 percent decrease since the beginning of the trading day. The etf's open price was 65.49. Direxion Work has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Direxion Work From 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 assets in the securities that comprise the index or investments with economic characteristics similar to the securities included in the index. Work From is traded on NYSEARCA Exchange in the United States. More on Direxion Work From
Moving together with Direxion Etf
| 0.96 | VGT | Vanguard Information | PairCorr |
| 0.91 | XLK | Technology Select Sector | PairCorr |
| 0.95 | IYW | iShares Technology ETF | PairCorr |
| 0.66 | SMH | VanEck Semiconductor ETF | PairCorr |
| 0.96 | CIBR | First Trust NASDAQ | PairCorr |
Moving against Direxion Etf
Direxion Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Technology, Direxion Funds (View all Sectors) |
| Issuer | Direxion |
| Inception Date | 2020-06-25 |
| Benchmark | Solactive Remote Work Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 26.21 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| 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 | Tony Ng, Paul Brigandi |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 43.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.45 |
| Management Fee | 0.4 |
| Country Name | USA |
| Returns Y T D | 20.3 |
| Name | Direxion Work From Home ETF |
| Currency Code | USD |
| Open Figi | BBG00VC9M2F3 |
| In Threey Volatility | 22.22 |
| 1y Volatility | 17.47 |
| 200 Day M A | 56.3966 |
| 50 Day M A | 60.3443 |
| Code | WFH |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.45) |
Direxion Work From [WFH] is traded in USA and was established 2020-06-25. The fund is classified under Technology category within Direxion Funds family. The entity is thematically classified as Strategy ETFs. Direxion Work From at this time have 37.08 M in net assets. , while the total return for the last 3 years was -3.8%.
Check Direxion Work 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 Work From 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 Work From Etf Constituents
| TEAM | Atlassian Corp Plc | Stock | Information Technology | |
| INSG | Inseego Corp | Stock | Information Technology | |
| ORCL | Oracle | Stock | Information Technology | |
| ADBE | Adobe Systems Incorporated | Stock | Information Technology | |
| ZS | Zscaler | Stock | Information Technology | |
| BABA | Alibaba Group Holding | Stock | Consumer Discretionary | |
| AVGO | Broadcom | Stock | Information Technology | |
| NTNX | Nutanix | Stock | Information Technology |
Direxion Work From 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 Work. 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 | 0.1703 | |||
| Jensen Alpha | 0.0946 | |||
| Total Risk Alpha | 0.0544 | |||
| Sortino Ratio | 0.0937 |
Direxion Work Against Markets
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Direxion Work From. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Direxion Work From 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 Work's value that differs from its market value or its book value, called intrinsic value, which is Direxion Work'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 Work's market value can be influenced by many factors that don't directly affect Direxion Work'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 Work's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Work is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Work'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.