Direxion Daily Small Etf Buy Hold or Sell Recommendation
| TNA Etf | USD 56.25 2.47 4.59% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Direxion Daily Small is 'Strong Sell'. Macroaxis provides Direxion Daily buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding TNA positions.
Check out Direxion Daily 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 Daily Small. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Direxion |
Execute Direxion Daily 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 Daily Small. Macroaxis does not own or have any residual interests in Direxion Daily Small or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Direxion Daily's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
Direxion Daily Trading Alerts and Improvement Suggestions
| Direxion Daily Small had very high historical volatility over the last 90 days | |
| Latest headline from news.google.com: TNA Small Caps Set To Benefit From Fed Tailwinds In Q4 2024 - Seeking Alpha | |
| Direxion Daily Small generated five year return of -2.0% |
Direxion Daily Returns Distribution Density
The distribution of Direxion Daily's historical returns is an attempt to chart the uncertainty of Direxion Daily's future price movements. The chart of the probability distribution of Direxion Daily daily returns describes the distribution of returns around its average expected value. We use Direxion Daily Small price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Direxion Daily returns is essential to provide solid investment advice for Direxion Daily.
| Mean Return | 0.50 | Value At Risk | -5.14 | Potential Upside | 6.18 | Standard Deviation | 4.00 |
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 Daily 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 Daily 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 Daily 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 Daily'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 | -0.06 | |
β | Beta against Dow Jones | 4.60 | |
σ | Overall volatility | 3.89 | |
Ir | Information ratio | 0.09 |
Direxion Daily Volatility Alert
Direxion Daily Small shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Direxion Daily'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 Daily'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 Daily Fundamentals Vs Peers
Comparing Direxion Daily'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 Daily's direct or indirect competition across all of the common fundamentals between Direxion Daily and the related equities. This way, we can detect undervalued stocks with similar characteristics as Direxion Daily or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Direxion Daily's fundamental indicators could also be used in its relative valuation, which is a method of valuing Direxion Daily by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Direxion Daily to competition |
| Fundamentals | Direxion Daily | Peer Average |
| Price To Earning | 21.66 X | 3.15 X |
| Price To Book | 1.90 X | 0.39 X |
| Price To Sales | 1.14 X | 0.33 X |
| Beta | 3.26 | |
| One Year Return | 93.20 % | (0.97) % |
| Three Year Return | (17.20) % | 3.23 % |
| Five Year Return | (2.40) % | 1.12 % |
| Ten Year Return | 4.00 % | 1.20 % |
| Net Asset | 919.89 M | 2.29 B |
| Last Dividend Paid | 0.011 | 0.14 |
| Equity Positions Weight | 46.65 % | 52.82 % |
Direxion Daily 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 Daily Buy or Sell Advice
When is the right time to buy or sell Direxion Daily Small? 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.
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In addition to having Direxion Daily 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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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Banking theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Banking Theme or any other thematic opportunities.
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Check out Direxion Daily 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of Direxion Daily Small 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 Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily'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 Daily's market value can be influenced by many factors that don't directly affect Direxion Daily'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 Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily'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.