Direxion Shares Etf Performance
| URAA Etf | 25.12 0.04 0.16% |
The etf shows a Beta (market volatility) of 2.1, 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
9 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Shares ETF are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite somewhat abnormal basic indicators, Direxion Shares sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Long Term Trading Analysis for - Stock Traders Daily | 09/25/2024 |
2 | URA The Uranium Trade Isnt Too Crowded Yet - Seeking Alpha | 11/21/2024 |
Direxion |
Direxion Shares Relative Risk vs. Return Landscape
If you would invest 1,852 in Direxion Shares ETF on August 30, 2024 and sell it today you would earn a total of 660.00 from holding Direxion Shares ETF or generate 35.64% return on investment over 90 days. Direxion Shares ETF is currently generating 0.5993% in daily expected returns and assumes 4.849% risk (volatility on return distribution) over the 90 days horizon. In different words, 43% of etfs are less volatile than Direxion, and 89% 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 = 0.1236
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | URAA | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.85 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.6 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Direxion Shares is performing at about 9% 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
By analyzing Direxion Shares' fundamental ratios, stakeholders can gain valuable insights into Direxion Shares' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Direxion Shares 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 Shares has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Direxion Shares is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Direxion Shares ETF appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: URA The Uranium Trade Isnt Too Crowded Yet - Seeking Alpha |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Shares ETF. 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of Direxion Shares ETF 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 Shares' value that differs from its market value or its book value, called intrinsic value, which is Direxion Shares' 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 Shares' market value can be influenced by many factors that don't directly affect Direxion Shares' 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 Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Shares' 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.