Direxion Etf Profile

TYNE
 Etf
  

USD 19.93  0.75  3.91%   

Market Performance
12 of 100
Odds Of Distress
Less than 34
Direxion Nanotechnology is trading at 19.93 as of the 15th of August 2022, a 3.91% increase since the beginning of the trading day. The etf's lowest day price was 19.53. Direxion Nanotechnology has about a 34 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Direxion Nanotechnology ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of July 2022 and ending today, the 15th of August 2022. 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. Direxion Nanotechnology is traded on NYSEArca Exchange in the United States.. More on Direxion Nanotechnology ETF

Direxion Nanotechnology 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. Direxion Nanotechnology's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Direxion Nanotechnology or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
The fund maintains 99.89% of its assets in stocks
Thematic IdeaTech Funds (view all)
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 Direxion Nanotechnology's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyFairly Valued
IssuerDirexion
Inception Date2021-11-23
BenchmarkS&P Kensho Extended Nanotechnology Index
Entity TypeRegulated Investment Company
Asset Under Management1.92 Million
Asset TypeEquity
CategoryStrategy
FocusTheme
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 End31-Oct
ExchangeNYSE Arca, Inc.
Number of Constituents32.0
Market MakerVirtu Financial
Total Expense0.65
Management Fee0.6
Nav Price18.68
Two Hundred Day Average18.42
Ytd-26.51%
Average Daily Volume In Three Month700
Fifty Two Week Low13.27
As Of Date1st of August 2022
Average Daily Volume Last 10 Day690
Fifty Two Week High26.7
One Month14.64%
Fifty Day Average16.13
Three Month14.11%
Direxion Nanotechnology ETF [TYNE] is traded in USA and was established 2021-11-23. The fund is listed under Technology category and is part of Direxion Funds family. The entity is thematically classified as Tech Funds. Direxion Nanotechnology at this time have 1.49 M in assets.
Check Direxion Nanotechnology 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 Nanotechnology ETF 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 Nanotechnology Target Price Odds Analysis

What are Direxion Nanotechnology's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Direxion Nanotechnology jumping above the current price in 90 days from now is near 1%. The Direxion Nanotechnology ETF probability density function shows the probability of Direxion Nanotechnology etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.6693. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Direxion Nanotechnology will likely underperform. Additionally, the company has an alpha of 0.4335, implying that it can generate a 0.43 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 19.93HorizonTargetOdds Above 19.93
99.45%90 days
 19.93 
0.55%
Based on a normal probability distribution, the odds of Direxion Nanotechnology to move above the current price in 90 days from now is near 1 (This Direxion Nanotechnology ETF probability density function shows the probability of Direxion Etf to fall within a particular range of prices over 90 days) .

Direxion Nanotechnology Major Institutional Holders

Institutional Holdings refers to the ownership stake in Direxion Nanotechnology that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Direxion Nanotechnology'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 Direxion Nanotechnology's value.
InstituionSecurity TypeTotal SharesValue
Ubs Group AgFund Units25 K372 K
View Direxion Nanotechnology Diagnostics

Direxion Nanotechnology Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Direxion Nanotechnology market risk premium is the additional return an investor will receive from holding Direxion Nanotechnology 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 Direxion Nanotechnology. 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 Direxion Nanotechnology's alpha and beta are two of the key measurements used to evaluate Direxion Nanotechnology's performance over the market, the standard measures of volatility play an important role as well.

Direxion Nanotechnology Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Direxion Nanotechnology Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Direxion Nanotechnology price patterns.
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Direxion Nanotechnology Against Markets

Picking the right benchmark for Direxion Nanotechnology 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 Direxion Nanotechnology 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 Direxion Nanotechnology is critical whether you are bullish or bearish towards Direxion Nanotechnology ETF at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Direxion Nanotechnology without increasing your portfolio risk or giving up 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 Direxion Nanotechnology ETF?

You need to understand the risk of investing before taking a position in Direxion Nanotechnology. The danger of trading Direxion Nanotechnology ETF 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 Direxion Nanotechnology 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 Direxion Nanotechnology. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Direxion Nanotechnology 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. Note that the Direxion Nanotechnology information on this page should be used as a complementary analysis to other Direxion Nanotechnology's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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