Direxion Daily is selling for under 50.51 as of the 31st of January 2025; that is 8 percent down since the beginning of the trading day. The etf's last reported lowest price was 49.61. Direxion Daily has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. The performance scores are derived for the period starting the 1st of January 2025 and ending today, the 31st of January 2025. 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. Gold Miners is traded on NYSEARCA Exchange in the United States.. More on Direxion Daily Gold
Direxion Daily Gold [DUST] is traded in USA and was established 2010-12-08. The fund is listed under Trading--Inverse Equity category and is part of Direxion Funds family. The entity is thematically classified as Sector ETFs. Direxion Daily Gold currently have 81.65 M in assets under management (AUM). , while the total return for the last 3 years was -35.1%.
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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 Daily. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
When determining whether Direxion Daily Gold is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Direxion Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Direxion Daily Gold Etf. Highlighted below are key reports to facilitate an investment decision about Direxion Daily Gold Etf:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Gold. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.
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The market value of Direxion Daily Gold 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.