Direxion Daily Real Etf Performance
| DRV Etf | USD 29.70 0.68 2.24% |
The etf shows a Beta (market volatility) of -1.05, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Direxion Daily are expected to decrease slowly. On the other hand, during market turmoil, Direxion Daily is expected to outperform it slightly.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Daily Real are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating basic indicators, Direxion Daily showed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Acquisition by Rosa Richard of 50000 shares of Direxion Daily at 5.0 subject to Rule 16b-3 | 10/11/2024 |
2 | Acquisition by Mooney William M Jr of 350000 shares of Direxion Daily at 1.25 subject to Rule 16b-3 | 10/22/2024 |
3 | Ethena Partners with Derive to Bring New Meaning to DeFi Trading - Coinspeaker | 12/03/2024 |
| In Threey Sharp Ratio | -0.03 |
Direxion |
Direxion Daily Relative Risk vs. Return Landscape
If you would invest 2,274 in Direxion Daily Real on September 24, 2024 and sell it today you would earn a total of 796.00 from holding Direxion Daily Real or generate 35.0% return on investment over 90 days. Direxion Daily Real is generating 0.5125% of daily returns assuming volatility of 3.2056% on return distribution over 90 days investment horizon. In other words, 28% of etfs are less volatile than Direxion, and above 90% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Direxion Daily Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Daily's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Direxion Daily Real, and traders can use it to determine the average amount a Direxion Daily's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1599
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Estimated Market Risk
| 3.21 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.51 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Direxion Daily is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Direxion Daily by adding it to a well-diversified portfolio.
Direxion Daily Fundamentals Growth
Direxion Etf prices reflect investors' perceptions of the future prospects and financial health of Direxion Daily, and Direxion Daily fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Direxion Etf performance.
| Total Asset | 197.85 M | |||
About Direxion Daily Performance
Evaluating Direxion Daily's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Direxion Daily has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Direxion Daily has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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 its net assets . Real Estate is traded on NYSEARCA Exchange in the United States.| Direxion Daily Real appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Ethena Partners with Derive to Bring New Meaning to DeFi Trading - Coinspeaker | |
| This fund generated-31.0 ten year return of -31.0% | |
| Direxion Daily retains most of the assets under management (AUM) in different types of exotic instruments. |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Real. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
The market value of Direxion Daily Real 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.