Direxion Daily Avgo Etf Performance
| AVL Etf | 37.04 0.21 0.56% |
The etf shows a Beta (market volatility) of -2.1, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Direxion Daily are expected to decrease by larger amounts. On the other hand, during market turmoil, Direxion Daily is expected to outperform it.
Risk-Adjusted Performance
11 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Daily AVGO are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite quite inconsistent basic indicators, Direxion Daily disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Avalon GloboCare Appoints Dr. Charles Cavo to Scientific Advisory Board Support for KetoAir Sales | 11/01/2024 |
2 | Canaan secures follow-on order from Hive Digital for 5,000 Avalon miner | 11/20/2024 |
3 | Disposition of 5000 shares by Schnieders Richard J of Direxion Daily at 15.375 subject to Rule 16b-3 | 12/03/2024 |
4 | Canaan signs agreement with AGM Group for Avalon A15 HydU 370T mining machines | 12/12/2024 |
5 | Broadcom Mounts Strongest 2-Day Rally Since IPO Leveraged ETF Nearly Doubles In 2 Sessions | 12/16/2024 |
6 | Strong Q3 Revenues Confirm Semiconductors Momentum - ETF Trends | 12/20/2024 |
7 | Avalon stops condo sales at former Davies Pacific Building | 12/24/2024 |
8 | Avalon Advanced Materials Inc. Short Interest Update | 12/26/2024 |
9 | Avalon Advanced Materials Hits New 52-Week Low Whats Next | 01/02/2025 |
10 | Break it Down Vanadium back on the menu in WA | 01/13/2025 |
11 | Avalon Healthcare Solutions to Team with Sentara Health Plans to Offer Genetic Testing Management | 01/15/2025 |
12 | Avalon Advanced Materials Stock Price Passes Below 50-Day Moving Average Whats Next | 01/16/2025 |
Direxion |
Direxion Daily Relative Risk vs. Return Landscape
If you would invest 2,115 in Direxion Daily AVGO on October 26, 2024 and sell it today you would earn a total of 1,589 from holding Direxion Daily AVGO or generate 75.13% return on investment over 90 days. Direxion Daily AVGO is generating 1.2631% of daily returns assuming volatility of 8.5404% on return distribution over 90 days investment horizon. In other words, 76% of etfs are less volatile than Direxion, and above 75% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Direxion Daily Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Daily's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Direxion Daily AVGO, and traders can use it to determine the average amount a Direxion Daily's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1479
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Estimated Market Risk
| 8.54 actual daily | 76 76% of assets are less volatile |
Expected Return
| 1.26 actual daily | 25 75% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Direxion Daily is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Direxion Daily by adding it to a well-diversified portfolio.
Direxion Daily Fundamentals Growth
Direxion Etf prices reflect investors' perceptions of the future prospects and financial health of Direxion Daily, and Direxion Daily fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Direxion Etf performance.
| Cash And Equivalents | 3.85 M | |||
| Cash Per Share | 0.03 X | |||
| Cash Flow From Operations | (2.81 M) | |||
| Earnings Per Share | (0.02) X | |||
| Total Asset | 89.61 M | |||
| Retained Earnings | (51.03 M) | |||
| Current Asset | 4.77 M | |||
| Current Liabilities | 1.26 M |
About Direxion Daily Performance
By examining Direxion Daily's fundamental ratios, stakeholders can obtain critical insights into Direxion Daily's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Direxion Daily is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Avalon Rare Metals Inc. explores and develops rare metals and minerals primarily in Canada.| Direxion Daily AVGO is way too risky over 90 days horizon | |
| Direxion Daily AVGO appears to be risky and price may revert if volatility continues | |
| Reported Net Loss for the year was (2.33 M) with profit before taxes, overhead, and interest of 0. | |
| Direxion Daily AVGO has about 3.85 M in cash with (2.81 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Latest headline from thelincolnianonline.com: Avalon Advanced Materials Stock Price Passes Below 50-Day Moving Average Whats Next |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Direxion Daily AVGO. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
The market value of Direxion Daily AVGO 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.