Direxion Etf Performance
| EVAV Etf | USD 28.62 0.00 0.00% |
The etf shows a Beta (market volatility) of -0.82, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Direxion are expected to decrease at a much lower rate. During the bear market, Direxion is likely to outperform the market.
Risk-Adjusted Performance
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Weak | Strong |
Over the last 90 days Direxion has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Direxion is not utilizing all of its potentials. The newest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
Direxion | Build AI portfolio with Direxion Etf |
Direxion Relative Risk vs. Return Landscape
If you would invest 2,862 in Direxion on November 4, 2025 and sell it today you would earn a total of 0.00 from holding Direxion or generate 0.0% return on investment over 90 days. Direxion is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than Direxion, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Direxion Target Price Odds to finish over Current Price
The tendency of Direxion Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 28.62 | 90 days | 28.62 | about 41.3 |
Based on a normal probability distribution, the odds of Direxion to move above the current price in 90 days from now is about 41.3 (This Direxion probability density function shows the probability of Direxion Etf to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Direxion has a beta of -0.82 suggesting as returns on the benchmark increase, returns on holding Direxion are expected to decrease at a much lower rate. During a bear market, however, Direxion is likely to outperform the market. Additionally Direxion has an alpha of 0.4602, implying that it can generate a 0.46 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Direxion Price Density |
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Predictive Modules for Direxion
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Direxion. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Direxion Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Direxion is not an exception. The market had few large corrections towards the Direxion's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Direxion, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Direxion within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.46 | |
β | Beta against Dow Jones | -0.82 | |
σ | Overall volatility | 3.64 | |
Ir | Information ratio | 0.10 |
Direxion Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Direxion for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Direxion can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Direxion is not yet fully synchronised with the market data | |
| The fund created three year return of -32.0% | |
| Direxion retains 89.11% of its assets under management (AUM) in equities |
Direxion Fundamentals Growth
Direxion Etf prices reflect investors' perceptions of the future prospects and financial health of Direxion, and Direxion 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.
| Total Asset | 3.13 M | |||
About Direxion Performance
Evaluating Direxion's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Direxion has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Direxion has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The index is designed to track the performance of electric and autonomous vehicles companies. Direxion Daily is traded on NYSEARCA Exchange in the United States.| Direxion is not yet fully synchronised with the market data | |
| The fund created three year return of -32.0% | |
| Direxion retains 89.11% of its assets under management (AUM) in equities |
Check out Investing Opportunities 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 nation. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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. Investment professionals apply varied valuation frameworks to compute inherent worth and acquire positions when market prices trade at discounts to calculated 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.
It's important to distinguish between Direxion's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Direxion should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Direxion's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.