Direxion Etf Profile
Direxion is selling at 10.80 as of the 23rd of November 2024; that is 2.17% down since the beginning of the trading day. The etf's open price was 11.04. Equity ratings for Direxion are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of August 2024 and ending today, the 23rd of November 2024. Click here to learn more.
Direxion Etf Highlights
| Old Name | Direxion Hydrogen ETF |
| Business Concentration | Natural Resources, Direxion Funds (View all Sectors) |
| Country Name | USA |
| Returns Y T D | (10.89) |
| Name | Direxion Hydrogen ETF |
| Currency Code | USD |
| Open Figi | BBG00ZSMJ7H9 |
| In Threey Volatility | 35.39 |
| 1y Volatility | 35.22 |
| 200 Day M A | 11.2613 |
| 50 Day M A | 11.5561 |
| Code | HJEN |
| Updated At | 21st of July 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.62) |
| Type | ETF |
Direxion [HJEN] is traded in USA and was established 2021-03-25. The fund is listed under Natural Resources category and is part of Direxion Funds family. Direxion currently have 22.66 M in assets under management (AUM). , while the total return for the last 3 years was -18.3%.
Check Direxion Probability Of Bankruptcy
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.
Top Direxion Etf Constituents
| APD | Air Products and | Stock | Materials | |
| BE | Bloom Energy Corp | Stock | Industrials | |
| FCEL | FuelCell Energy | Stock | Industrials | |
| PLUG | Plug Power | Stock | Industrials |
Direxion Risk Profiles
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. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 1.66 | |||
| Semi Deviation | 1.92 | |||
| Standard Deviation | 2.15 | |||
| Variance | 4.61 |
Direxion Against Markets
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 Risk vs Return Analysis 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 income. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
The market value of Direxion 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's value that differs from its market value or its book value, called intrinsic value, which is Direxion'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's market value can be influenced by many factors that don't directly affect Direxion'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion'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.