Direxion Nasdaq 100 Equal Etf Buy Hold or Sell Recommendation
| QQQE Etf | USD 93.26 1.33 1.45% |
Given the investment horizon of 90 days and your typical level of risk aversion, our recommendation regarding Direxion NASDAQ 100 Equal is 'Buy'. Macroaxis provides Direxion NASDAQ buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding QQQE positions.
Check out Direxion NASDAQ Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as Direxion and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards 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.
Direxion |
Execute Direxion NASDAQ Buy or Sell Advice
The Direxion recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Direxion NASDAQ 100 Equal. Macroaxis does not own or have any residual interests in Direxion NASDAQ 100 Equal or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Direxion NASDAQ's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Buy
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
Direxion NASDAQ Trading Alerts and Improvement Suggestions
| Latest headline from zacks.com: Should Direxion NASDAQ-100 Equal Weighted Index Shares Be on Your Investing Radar | |
| The fund maintains 99.93% of its assets in stocks |
Direxion NASDAQ Returns Distribution Density
The distribution of Direxion NASDAQ's historical returns is an attempt to chart the uncertainty of Direxion NASDAQ's future price movements. The chart of the probability distribution of Direxion NASDAQ daily returns describes the distribution of returns around its average expected value. We use Direxion NASDAQ 100 Equal price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Direxion NASDAQ returns is essential to provide solid investment advice for Direxion NASDAQ.
| Mean Return | 0.07 | Value At Risk | -1.69 | Potential Upside | 1.38 | Standard Deviation | 0.93 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Direxion NASDAQ historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Direxion NASDAQ Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Direxion NASDAQ or Direxion Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Direxion NASDAQ's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Direxion etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.96 | |
σ | Overall volatility | 0.92 | |
Ir | Information ratio | -0.05 |
Direxion NASDAQ Volatility Alert
Direxion NASDAQ 100 Equal has relatively low volatility with skewness of -0.38 and kurtosis of 0.48. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Direxion NASDAQ's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Direxion NASDAQ's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Direxion NASDAQ Fundamentals Vs Peers
Comparing Direxion NASDAQ's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Direxion NASDAQ's direct or indirect competition across all of the common fundamentals between Direxion NASDAQ and the related equities. This way, we can detect undervalued stocks with similar characteristics as Direxion NASDAQ or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Direxion NASDAQ's fundamental indicators could also be used in its relative valuation, which is a method of valuing Direxion NASDAQ by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Direxion NASDAQ to competition |
| Fundamentals | Direxion NASDAQ | Peer Average |
| Price To Earning | 22.14 X | 3.15 X |
| Price To Book | 3.84 X | 0.39 X |
| Price To Sales | 2.28 X | 0.33 X |
| Beta | 1.07 | |
| One Year Return | 18.10 % | (0.97) % |
| Three Year Return | 2.90 % | 3.23 % |
| Five Year Return | 13.50 % | 1.12 % |
| Ten Year Return | 12.60 % | 1.20 % |
| Net Asset | 633.03 M | 2.29 B |
| Last Dividend Paid | 0.089 | 0.14 |
| Equity Positions Weight | 99.93 % | 52.82 % |
Direxion NASDAQ Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Direxion . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Direxion NASDAQ Buy or Sell Advice
When is the right time to buy or sell Direxion NASDAQ 100 Equal? Buying financial instruments such as Direxion Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Direxion NASDAQ in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Direxion NASDAQ Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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.