Direxion Nasdaq 100 Equal Etf Profile
| QQQE Etf | USD 93.26 1.33 1.45% |
Performance6 of 100
| Odds Of DistressLess than 9
|
Direxion NASDAQ is trading at 93.26 as of the 22nd of November 2024, a 1.45 percent up since the beginning of the trading day. The etf's lowest day price was 91.99. Direxion NASDAQ has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Direxion NASDAQ 100 Equal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of October 2024 and ending today, the 22nd of November 2024. Click here to learn more.
The fund, under normal circumstances, invests at least 80 percent of its assets in the securities that comprise the index or investments with economic characteristics similar to the securities included in the index. Nasdaq 100 is traded on NYSEARCA Exchange in the United States. More on Direxion NASDAQ 100 Equal
Moving together with Direxion Etf
Direxion Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Large Cap ETFs, Size And Style ETFs, Large Growth, Direxion Funds (View all Sectors) |
| Issuer | Direxion |
| Inception Date | 2012-03-21 |
| Benchmark | NASDAQ-100 Equal Weighted Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 1.32 Billion |
| Average Trading Valume | 321,865.8 |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Rafferty Asset Management, LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Paul Brigandi, Tony Ng |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Oct |
| Exchange | NASDAQ |
| Number of Constituents | 104 |
| Market Maker | Virtu Financial |
| Total Expense | 0.35 |
| Management Fee | 0.3 |
| Country Name | USA |
| Returns Y T D | 9.26 |
| Name | Direxion NASDAQ-100 Equal Weighted Index Shares |
| Currency Code | USD |
| Open Figi | BBG001KXTSV5 |
| In Threey Volatility | 19.33 |
| 1y Volatility | 14.16 |
| 200 Day M A | 88.3842 |
| 50 Day M A | 90.745 |
| Code | QQQE |
| Updated At | 22nd of November 2024 |
| Currency Name | US Dollar |
Direxion NASDAQ 100 Equal [QQQE] is traded in USA and was established 2012-03-21. The fund is listed under Large Growth category and is part of Direxion Funds family. The entity is thematically classified as Large Cap ETFs. Direxion NASDAQ 100 at this time have 633.03 M in assets. , while the total return for the last 3 years was 2.9%.
Check Direxion NASDAQ Probability Of Bankruptcy
Geographic Allocation (%)
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 NASDAQ 100 Equal 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 NASDAQ 100 Equal Etf Constituents
| EXC | Exelon | Stock | Utilities | |
| ADBE | Adobe Systems Incorporated | Stock | Information Technology | |
| CHKP | Check Point Software | Stock | Information Technology | |
| MCHP | Microchip Technology | Stock | Information Technology | |
| JBHT | JB Hunt Transport | Stock | Industrials | |
| IDXX | IDEXX Laboratories | Stock | Health Care | |
| JD | JD Inc Adr | Stock | Consumer Discretionary | |
| PEP | PepsiCo | Stock | Consumer Staples |
Direxion NASDAQ 100 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 NASDAQ. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) |
Direxion NASDAQ Against Markets
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Direxion NASDAQ 100 Equal. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of Direxion NASDAQ 100 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 NASDAQ's value that differs from its market value or its book value, called intrinsic value, which is Direxion NASDAQ'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 NASDAQ's market value can be influenced by many factors that don't directly affect Direxion NASDAQ'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 NASDAQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion NASDAQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion NASDAQ'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.