Direxion Daily 20 Etf Performance
| TMF Etf | USD 44.71 0.10 0.22% |
The etf shows a Beta (market volatility) of -0.86, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Direxion Daily are expected to decrease slowly. On the other hand, during market turmoil, Direxion Daily is expected to outperform it slightly.
Risk-Adjusted Performance
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Over the last 90 days Direxion Daily 20 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite abnormal performance in the last few months, the Etf's primary indicators remain nearly stable which may send shares a bit higher in December 2024. The current disturbance may also be a sign of long-run up-swing for the Exchange Traded Fund stockholders. ...more
1 | Direxion Daily 20 Year Plus Treasury Bull 3x Shares Shares Gap Up Still a Buy | 10/17/2024 |
2 | Data Integrity and Document Management Training Course Discussion of the Latest MHRA Data Integrity and EMA TMF Guidelines - ResearchAndMarkets.com | 11/18/2024 |
| In Threey Sharp Ratio | -0.96 |
Direxion |
Direxion Daily Relative Risk vs. Return Landscape
If you would invest 5,809 in Direxion Daily 20 on August 25, 2024 and sell it today you would lose (1,338) from holding Direxion Daily 20 or give up 23.03% of portfolio value over 90 days. Direxion Daily 20 is generating negative expected returns assuming volatility of 2.4051% on return distribution over 90 days investment horizon. In other words, 21% of etfs are less volatile than Direxion, and above 99% 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 20, 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 = -0.1552
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| Negative Returns | TMF |
Estimated Market Risk
| 2.41 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.37 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Direxion Daily is not performing at its full potential. However, 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 Direxion Daily 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.
| Total Asset | 437.22 M | |||
About Direxion Daily Performance
By analyzing Direxion Daily's fundamental ratios, stakeholders can gain valuable insights into Direxion Daily's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Direxion Daily 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 Daily 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 net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. 20 Year is traded on NYSEARCA Exchange in the United States.| Direxion Daily 20 generated a negative expected return over the last 90 days | |
| Latest headline from businesswire.com: Data Integrity and Document Management Training Course Discussion of the Latest MHRA Data Integrity and EMA TMF Guidelines - ResearchAndMarkets.com | |
| This fund generated-12.0 ten year return of -12.0% | |
| Direxion Daily maintains most of the assets in different exotic instruments. |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Daily 20. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Direxion Daily 20 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.