Direxion Etf Performance


USD 4.10  0.24  6.22%   

The etf shows a Beta (market volatility) of 3.1649, which means a somewhat significant risk relative to the market. Let's try to break down what Direxion's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Direxion Daily will likely underperform. Even though it is essential to pay attention to Direxion Daily Select historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Direxion Daily Select exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
Direxion Performance
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Over the last 90 days Direxion Daily Select has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest sluggish performance, the Etf's technical and fundamental indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the fund shareholders. ...more

Direxion Price Channel

Fifty Two Week Low3.2000
Fifty Two Week High28.6340

Direxion Daily Relative Risk vs. Return Landscape

If you would invest  501.00  in Direxion Daily Select on September 6, 2022 and sell it today you would lose (91.00)  from holding Direxion Daily Select or give up 18.16% of portfolio value over 90 days. Direxion Daily Select is currently does not generate positive expected returns and assumes 5.8047% risk (volatility on return distribution) over the 90 days horizon. In different words, 50% of etfs are less volatile than Direxion, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Direxion Daily is expected to generate 0.46 times more return on investment than the market. However, the company is 2.15 times less risky than the market. It trades about -0.03 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.11 per unit of 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 Select, 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 = -0.025

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Based on monthly moving average Direxion Daily is performing at about 0% 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.

About Direxion Daily Performance

To evaluate Direxion Daily Select Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Direxion Daily generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Direxion Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Direxion Daily Select market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Direxion's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The index is an equal-weighted index designed to include Facebook, Apple, Amazon, Netflix and Google and similar highly-traded growth stocks of technology and tech-enabled companies from the IT, communication services and consumer discretionary sectors. Direxion Large is traded on NYSEARCA Exchange in the United States.

Things to note about Direxion Daily Select

Checking the ongoing alerts about Direxion Daily for important developments is a great way to find new opportunities for your next move. Etf alerts and notifications screener for Direxion Daily Select help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Direxion Daily Alerts

Equity Alerts and Improvement Suggestions

Direxion Daily generated a negative expected return over the last 90 days
Direxion Daily has high historical volatility and very poor performance
Direxion Daily has high likelihood to experience some financial distress in the next 2 years
Please check Investing Opportunities. Note that the Direxion Daily Select information on this page should be used as a complementary analysis to other Direxion Daily'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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Direxion Etf analysis

When running Direxion Daily Select price analysis, check to measure Direxion Daily'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 Daily is operating at the current time. Most of Direxion Daily's value examination focuses on studying past and present price action to predict the probability of Direxion Daily's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Direxion Daily's price. Additionally, you may evaluate how the addition of Direxion Daily to your portfolios can decrease your overall portfolio volatility.
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The market value of Direxion Daily Select 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 Direxion Daily value 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.