Direxion Shares Etf Performance
| AIBU Etf | 33.95 0.05 0.15% |
The etf shows a Beta (market volatility) of 2.45, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Direxion Shares will likely underperform.
Risk-Adjusted Performance
10 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Shares ETF are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unfluctuating fundamental drivers, Direxion Shares unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Hedge Funds Load Up on Tech Stocks Ahead of Rate Cuts - ETF Trends | 09/27/2024 |
Direxion |
Direxion Shares Relative Risk vs. Return Landscape
If you would invest 2,767 in Direxion Shares ETF on August 23, 2024 and sell it today you would earn a total of 628.00 from holding Direxion Shares ETF or generate 22.7% return on investment over 90 days. Direxion Shares ETF is currently generating 0.355% in daily expected returns and assumes 2.6567% risk (volatility on return distribution) over the 90 days horizon. In different words, 23% of etfs are less volatile than Direxion, and 93% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Direxion Shares Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Shares' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Direxion Shares ETF, and traders can use it to determine the average amount a Direxion Shares' 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 = 0.1336
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.66 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.36 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Direxion Shares 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 Shares by adding it to a well-diversified portfolio.
About Direxion Shares Performance
Assessing Direxion Shares' fundamental ratios provides investors with valuable insights into Direxion Shares' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Direxion Shares is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Direxion Shares is entity of United States. It is traded as Etf on NYSE ARCA exchange.