Direxion Shares Etf Performance
| HCMT Etf | 37.27 0.51 1.35% |
The etf shows a Beta (market volatility) of -0.0306, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Direxion Shares are expected to decrease at a much lower rate. During the bear market, Direxion Shares is likely to outperform the market.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Shares ETF are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak primary indicators, Direxion Shares may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | When the Price of Talks, People Listen - Stock Traders Daily | 09/24/2024 |
2 | Chuys Earns Hold Rating from Analysts at StockNews.com - Defense World | 11/19/2024 |
Direxion |
Direxion Shares Relative Risk vs. Return Landscape
If you would invest 3,394 in Direxion Shares ETF on August 30, 2024 and sell it today you would earn a total of 333.00 from holding Direxion Shares ETF or generate 9.81% return on investment over 90 days. Direxion Shares ETF is currently generating 0.1643% in daily expected returns and assumes 1.7806% risk (volatility on return distribution) over the 90 days horizon. In different words, 15% of etfs are less volatile than Direxion, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Direxion Shares Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Shares' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Direxion Shares ETF, and traders can use it to determine the average amount a Direxion Shares' 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 = 0.0923
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Estimated Market Risk
| 1.78 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Direxion Shares is performing at about 7% 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 Shares by adding it to a well-diversified portfolio.
About Direxion Shares Performance
Assessing Direxion Shares' fundamental ratios provides investors with valuable insights into Direxion Shares' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Direxion Shares is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Latest headline from news.google.com: Chuys Earns Hold Rating from Analysts at StockNews.com - Defense World |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Shares ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
The market value of Direxion Shares ETF 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 Shares' value that differs from its market value or its book value, called intrinsic value, which is Direxion Shares' 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 Shares' market value can be influenced by many factors that don't directly affect Direxion Shares' 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 Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Shares' 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.