Direxion Etf Profile
The performance scores are derived for the period starting the 18th of November 2024 and ending today, the 16th of February 2025. Click here to learn more.
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RefreshDirexion Etf Highlights
| Old Name | Direxion Daily Fintech Bull 2X Shares |
| Business Concentration | NASDAQ Composite Total, Trading--Leveraged Equity, Direxion Funds (View all Sectors) |
| Nav Price | 11.34 |
| Two Hundred Day Average | 15.41 |
| Average Daily Volume In Three Month | 1.34k |
| Fifty Two Week Low | 10.09 |
| As Of Date | 11th of November 2022 |
| Average Daily Volume Last 10 Day | 520 |
| Fifty Two Week High | 28.14 |
| One Month | 18.22% |
| Fifty Day Average | 11.45 |
| Three Month | -23.22% |
Direxion [FNTC] is traded in USA and was established 2022-01-20. The fund is listed under Trading--Leveraged Equity category and is part of Direxion Funds family. Direxion currently have 3.13 M in assets under management (AUM).
Direxion currently holds about 65.26 K in cash with (534.07 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
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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 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 Against Markets
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Direxion Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Direxion etf to make a market-neutral strategy. Peer analysis of Direxion could also be used in its relative valuation, which is a method of valuing Direxion by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Tools for Direxion Etf
When running Direxion's price analysis, check to measure Direxion'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 is operating at the current time. Most of Direxion's value examination focuses on studying past and present price action to predict the probability of Direxion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direxion's price. Additionally, you may evaluate how the addition of Direxion to your portfolios can decrease your overall portfolio volatility.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |