Direxion Etf Profile
Direxion is selling at 13.91 as of the 28th of November 2024; that is No Change since the beginning of the trading day. The etf's lowest day price was 13.91. Equity ratings for Direxion are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
Direxion Etf Highlights
| Old Name | Direxion mRNA ETF |
| Business Concentration | Health, Direxion Funds (View all Sectors) |
| Nav Price | 13.84 |
| Two Hundred Day Average | 15.09 |
| Ytd | -42.47% |
| Average Daily Volume In Three Month | 958 |
| Fifty Two Week Low | 11.55 |
| As Of Date | 25th of October 2022 |
| Average Daily Volume Last 10 Day | 590 |
| Fifty Two Week High | 25.22 |
| One Month | 0.62% |
| Fifty Day Average | 13.87 |
| Three Month | -5.55% |
Direxion [MSGR] is traded in USA and was established 2021-12-09. The fund is listed under Health category and is part of Direxion Funds family. Direxion now have 3.38 M in assets.
Check Direxion Probability Of Bankruptcy
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 | 1.32 | |||
| Standard Deviation | 1.66 | |||
| Variance | 2.77 | |||
| Risk Adjusted Performance | (0.06) |
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 Correlation 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 price. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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.