Direxion Daily Junior Etf Performance
| JNUG Etf | USD 45.17 0.21 0.46% |
The etf shows a Beta (market volatility) of 0.77, which means possible diversification benefits within a given portfolio. As returns on the market increase, Direxion Daily's returns are expected to increase less than the market. However, during the bear market, the loss of holding Direxion Daily is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Daily Junior are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite nearly uncertain basic indicators, Direxion Daily may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | Unusual Options Activity Shines Spotlight On Direxions Leveraged JNUG, JDST ETFs | 10/21/2024 |
| In Threey Sharp Ratio | 0.16 |
Direxion |
Direxion Daily Relative Risk vs. Return Landscape
If you would invest 4,507 in Direxion Daily Junior on August 27, 2024 and sell it today you would earn a total of 10.00 from holding Direxion Daily Junior or generate 0.22% return on investment over 90 days. Direxion Daily Junior is currently generating 0.1042% in daily expected returns and assumes 4.5428% risk (volatility on return distribution) over the 90 days horizon. In different words, 40% 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 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 Junior, 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 = 0.0229
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| Cash | Small Risk | Average Risk | JNUG | Huge Risk |
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Estimated Market Risk
| 4.54 actual daily | 40 60% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Direxion Daily is performing at about 1% 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.
| Price To Earning | 17.31 X | |||
| Price To Book | 1.09 X | |||
| Price To Sales | 1.82 X | |||
| Total Asset | 236.79 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 invests at least 80 percent of its net assets in financial instruments, such as swap agreements, ETFs that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. Junior Gold is traded on NYSEARCA Exchange in the United States.| Direxion Daily had very high historical volatility over the last 90 days | |
| This fund created-37.0 ten year return of -37.0% | |
| Direxion Daily retains most of the assets under management (AUM) in different types of exotic instruments. |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily Junior. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of Direxion Daily Junior 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.