Semiconductor Etf Profile

SOXS
 Etf
  

USD 62.53  1.18  1.85%   

Market Performance
2 of 100
Odds Of Distress
Over 73
Semiconductor Bear is selling at 62.53 as of the 28th of September 2022; that is -1.85 percent down since the beginning of the trading day. The etf's lowest day price was 61.04. Semiconductor Bear has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Semiconductor Bear 3X are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of August 2022 and ending today, the 28th of September 2022. 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 . Semiconductor Bear is traded on NYSEArca Exchange in the United States.. More on Semiconductor Bear 3X

Moving together with Semiconductor Bear

+0.92SHShort SP500 ETFPairCorr
+0.94PSQShort QQQ ETFPairCorr
+0.92SDSUltrashort SP500 ETFPairCorr
+0.93SPXUUltrapro Short SP500PairCorr

Semiconductor Bear Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Semiconductor Bear's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Semiconductor Bear or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Semiconductor Bear has very high historical volatility over the last 90 days
Semiconductor Bear has high likelihood to experience some financial distress in the next 2 years
This fund created-68.0 ten year return of -68.0%
Semiconductor Bear maintains most of the assets in different exotic instruments.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Semiconductor Bear's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
IssuerDirexion
Inception Date2010-03-09
BenchmarkICE Semiconductor Index
Entity TypeRegulated Investment Company
Asset Under Management643.37 Million
Average Trading Valume18.64 Million
Asset TypeEquity
CategorySector
FocusTechnology
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorRafferty Asset Management, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorForeside Fund Services, LLC
Portfolio ManagerPaul Brigandi, Tony Ng
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End30-Jun
ExchangeNYSE Arca, Inc.
Number of Constituents36.0
Market MakerVirtu Financial
Total Expense1.01
Management Fee0.75
Nav Price39.07
Two Hundred Day Average46.5
Ytd31.68%
Average Daily Volume In Three Month14.98M
Fifty Two Week Low31.2
As Of Date22nd of July 2022
Average Daily Volume Last 10 Day17.91M
Fifty Two Week High80.31
One Month-27.63%
Fifty Day Average44.78
Three Month-17.64%
Beta In Three Year(2.63)
Semiconductor Bear 3X [SOXS] is traded in USA and was established 2010-03-11. The fund is listed under Trading--Inverse Equity category and is part of Direxion Funds family. Semiconductor Bear at this time have 259.4 M in assets. , while the total return for the last 3 years was -79.16%.
Check Semiconductor Bear Probability Of Bankruptcy

Semiconductor Bear Target Price Odds Analysis

In regard to a normal probability distribution, the odds of Semiconductor Bear jumping above the current price in 90 days from now is about 10.94%. The Semiconductor Bear 3X probability density function shows the probability of Semiconductor Bear etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Semiconductor Bear 3X has a beta of -4.6827. This usually implies as returns on its benchmark rise, returns on holding Semiconductor Bear 3X are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Semiconductor Bear is expected to outperform its benchmark. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Semiconductor Bear is significantly underperforming DOW.
  Odds Below 62.53HorizonTargetOdds Above 62.53
89.01%90 days
 62.53 
10.94%
Based on a normal probability distribution, the odds of Semiconductor Bear to move above the current price in 90 days from now is about 10.94 (This Semiconductor Bear 3X probability density function shows the probability of Semiconductor Etf to fall within a particular range of prices over 90 days) .

Semiconductor Bear Major Institutional Holders

Institutional Holdings refers to the ownership stake in Semiconductor Bear that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Semiconductor Bear's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Semiconductor Bear's value.
InstituionSecurity TypeTotal SharesValue
Susquehanna International Group LlpCall Options1.8 M119.3 M
Susquehanna International Group LlpPut Options336.7 K22.3 M
Jane Street Group LlcFund Units270 K17.9 M
View Semiconductor Bear Diagnostics

Semiconductor Bear Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Semiconductor Bear market risk premium is the additional return an investor will receive from holding Semiconductor Bear long position in a well-diversified portfolio. 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 Semiconductor Bear. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Semiconductor Bear's alpha and beta are two of the key measurements used to evaluate Semiconductor Bear's performance over the market, the standard measures of volatility play an important role as well.

Semiconductor Bear Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Semiconductor Bear Tangent Of Price Series is a trigonometric price transformation method
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Semiconductor Bear Against Markets

Picking the right benchmark for Semiconductor Bear etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Semiconductor Bear etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Semiconductor Bear is critical whether you are bullish or bearish towards Semiconductor Bear 3X at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Semiconductor Bear without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Semiconductor Bear 3X?

The danger of trading Semiconductor Bear 3X is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Semiconductor Bear is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Semiconductor Bear. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Semiconductor Bear is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Semiconductor Bear price analysis, check to measure Semiconductor Bear'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 Semiconductor Bear is operating at the current time. Most of Semiconductor Bear's value examination focuses on studying past and present price action to predict the probability of Semiconductor Bear's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Semiconductor Bear's price. Additionally, you may evaluate how the addition of Semiconductor Bear to your portfolios can decrease your overall portfolio volatility.
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The market value of Semiconductor Bear is measured differently than its book value, which is the value of Semiconductor that is recorded on the company's balance sheet. Investors also form their own opinion of Semiconductor Bear's value that differs from its market value or its book value, called intrinsic value, which is Semiconductor Bear'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 Semiconductor Bear's market value can be influenced by many factors that don't directly affect Semiconductor Bear'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 Semiconductor Bear's value and its price as these two are different measures arrived at by different means. Investors typically determine Semiconductor Bear value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Semiconductor Bear'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.