Direxion Nasdaq 100 Equal Etf Performance
| QQQE Etf | USD 95.02 1.01 1.07% |
The etf shows a Beta (market volatility) of 0.96, which means possible diversification benefits within a given portfolio. Direxion NASDAQ returns are very sensitive to returns on the market. As the market goes up or down, Direxion NASDAQ is expected to follow.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Direxion NASDAQ 100 Equal are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of rather abnormal basic indicators, Direxion NASDAQ may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | Is Direxion NASDAQ-100 Equal Weighted Index Shares a Strong ETF Right Now | 10/28/2024 |
| In Threey Sharp Ratio | 0.03 |
Direxion |
Direxion NASDAQ Relative Risk vs. Return Landscape
If you would invest 8,804 in Direxion NASDAQ 100 Equal on August 28, 2024 and sell it today you would earn a total of 698.00 from holding Direxion NASDAQ 100 Equal or generate 7.93% return on investment over 90 days. Direxion NASDAQ 100 Equal is currently generating 0.1235% in daily expected returns and assumes 0.9222% risk (volatility on return distribution) over the 90 days horizon. In different words, 8% of etfs are less volatile than Direxion, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Direxion NASDAQ Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion NASDAQ's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Direxion NASDAQ 100 Equal, and traders can use it to determine the average amount a Direxion NASDAQ'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 = 0.1339
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Estimated Market Risk
| 0.92 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Direxion NASDAQ is performing at about 10% 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 NASDAQ by adding it to a well-diversified portfolio.
Direxion NASDAQ Fundamentals Growth
Direxion Etf prices reflect investors' perceptions of the future prospects and financial health of Direxion NASDAQ, and Direxion NASDAQ 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.
| Price To Earning | 22.14 X | |||
| Price To Book | 3.84 X | |||
| Price To Sales | 2.28 X | |||
| Total Asset | 633.03 M | |||
About Direxion NASDAQ Performance
By analyzing Direxion NASDAQ's fundamental ratios, stakeholders can gain valuable insights into Direxion NASDAQ's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Direxion NASDAQ 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 NASDAQ has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.