Direxion Monthly Annual Yield vs. Year To Date Return
| DXRLX Fund | USD 100.63 0.58 0.58% |
For Direxion Monthly profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Direxion Monthly to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Direxion Monthly Small utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Direxion Monthly's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Direxion Monthly Small over time as well as its relative position and ranking within its peers.
Direxion |
Direxion Monthly Small Year To Date Return vs. Annual Yield Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Direxion Monthly's current stock value. Our valuation model uses many indicators to compare Direxion Monthly value to that of its competitors to determine the firm's financial worth. Direxion Monthly Small is one of the top funds in annual yield among similar funds. It is rated below average in year to date return among similar funds creating about 4,666 of Year To Date Return per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Direxion Monthly's earnings, one of the primary drivers of an investment's value.Direxion Year To Date Return vs. Annual Yield
Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Direxion Monthly |
| = | 0.01 % |
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Direxion Monthly |
| = | 30.79 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Direxion Year To Date Return Comparison
Direxion Monthly is currently under evaluation in year to date return among similar funds.
Direxion Monthly Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Direxion Monthly, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Direxion Monthly will eventually generate negative long term returns. The profitability progress is the general direction of Direxion Monthly's change in net profit over the period of time. It can combine multiple indicators of Direxion Monthly, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests at least 80 percent of its net assets in securities of the index, exchange-traded funds that track the index and other financial instruments that provide monthly leveraged exposure to the index or to ETFs that track the index. The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000 Index, based on a combination of their market capitalization and current index membership. The fund is non-diversified.
Direxion Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Direxion Monthly. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Direxion Monthly position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Direxion Monthly's important profitability drivers and their relationship over time.
Use Direxion Monthly in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Direxion Monthly position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Direxion Monthly will appreciate offsetting losses from the drop in the long position's value.Direxion Monthly Pair Trading
Direxion Monthly Small Pair Trading Analysis
The ability to find closely correlated positions to Direxion Monthly could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Direxion Monthly when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Direxion Monthly - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Direxion Monthly Small to buy it.
The correlation of Direxion Monthly is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Direxion Monthly moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Direxion Monthly Small moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Direxion Monthly can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Direxion Monthly position
In addition to having Direxion Monthly in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Shipbuilding Railroad Equipment Thematic Idea Now
Shipbuilding Railroad Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Shipbuilding Railroad Equipment theme has 16 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Shipbuilding Railroad Equipment Theme or any other thematic opportunities.
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Other Information on Investing in Direxion Mutual Fund
To fully project Direxion Monthly's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Direxion Monthly Small at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Direxion Monthly's income statement, its balance sheet, and the statement of cash flows.
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