Drum Income Plus Etf Profile

DRIP Etf  USD 8.62  0.25  2.82%   

Performance

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Drum Income is selling at 8.62 as of the 29th of March 2024; that is -2.82 percent down since the beginning of the trading day. The etf's last reported lowest price was 8.57. Drum Income has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Drum Income Plus are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80 percent of the funds net assets . SP Oil is traded on NYSEARCA Exchange in the United States.. More on Drum Income Plus

Moving together with Drum Etf

  0.72SH ProShares Short SP500PairCorr
  0.71SPXU ProShares UltraPro ShortPairCorr
  0.72SDS ProShares UltraShortPairCorr
  0.71SPXS Direxion Daily SPPairCorr
  0.82RWM ProShares Short RussPairCorr

Moving against Drum Etf

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  0.79DAPP VanEck Digital TransPairCorr
  0.71USD ProShares Ultra SemiPairCorr
  0.55FNGG Direxion Daily SelectPairCorr
  0.53FNGU MicroSectors FANG IndexPairCorr

Drum Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Drum Income's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Drum Income or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas
(View all Themes)
Old NameDrum Income Plus REIT Plc
Business ConcentrationEnergy ETFs, Sector ETFs, Trading--Inverse Equity, Direxion Funds (View all Sectors)
IssuerDirexion
Inception Date2015-05-28
BenchmarkS&P Oil & Gas Exploration & Production Select Industry Index
Entity TypeRegulated Investment Company
Asset Under Management51.45 Million
Average Trading Valume1.3 Million
Asset TypeEquity
CategorySector
FocusEnergy
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorRafferty Asset Management, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorForeside Fund Services, LLC
Portfolio ManagerPaul Brigandi, Tony Ng
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End31-Oct
ExchangeNYSE Arca, Inc.
Number of Constituents21.0
Market MakerSusquehanna
Total Expense1.0
Management Fee0.75
Country NameUSA
Returns Y T D(19.91)
NameDrum Income Plus REIT Plc
Currency CodeUSD
Open FigiBBG0099SHQQ5
In Threey Volatility65.85
1y Volatility36.19
200 Day M A11.2698
50 Day M A11.0346
CodeDRIP
Updated At28th of March 2024
Currency NameUS Dollar
Drum Income Plus [DRIP] is traded in USA and was established 2015-05-28. The fund is listed under Trading--Inverse Equity category and is part of Direxion Funds family. The entity is thematically classified as Energy ETFs. Drum me Plus currently have 101.12 M in assets under management (AUM). , while the total return for the last 3 years was -55.8%.
Check Drum Income Probability Of Bankruptcy

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Drum Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Drum Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Drum Income Plus Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Drum Income Plus Etf Constituents

XOPSPDR SP OilEtfEquity Energy
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Drum Income Target Price Odds Analysis

In regard to a normal probability distribution, the odds of Drum Income jumping above the current price in 90 days from now is about 98.0%. The Drum Income Plus probability density function shows the probability of Drum Income etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Drum Income Plus has a beta of -2.1535 suggesting as returns on its benchmark rise, returns on holding Drum Income Plus are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Drum Income is expected to outperform its benchmark. Additionally, drum Income Plus has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 8.62HorizonTargetOdds Above 8.62
1.60%90 days
 8.62 
98.38%
Based on a normal probability distribution, the odds of Drum Income to move above the current price in 90 days from now is about 98.0 (This Drum Income Plus probability density function shows the probability of Drum Etf to fall within a particular range of prices over 90 days) .

Drum Income Top Holders

COAGXCaldwell Orkin MarketMutual FundLong-Short Equity
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Drum me Plus Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Drum Income market risk premium is the additional return an investor will receive from holding Drum Income long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Drum Income. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Drum Income's alpha and beta are two of the key measurements used to evaluate Drum Income's performance over the market, the standard measures of volatility play an important role as well.

Drum Income Against Markets

Picking the right benchmark for Drum Income etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Drum Income etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Drum Income is critical whether you are bullish or bearish towards Drum Income Plus at a given time. Please also check how Drum Income's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Drum Income without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Positions Ratings

Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
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How to buy Drum Etf?

Before investing in Drum Income, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Drum Income. To buy Drum Income etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Drum Income. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Drum Income etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Drum Income Plus etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Drum Income Plus etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Drum Income Plus, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Drum Etf please use our How to Invest in Drum Income guide.

Already Invested in Drum Income Plus?

The danger of trading Drum Income Plus is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Drum Income is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Drum Income. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Drum me Plus is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Drum me Plus is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Drum Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Drum Income Plus Etf. Highlighted below are key reports to facilitate an investment decision about Drum Income Plus Etf:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drum Income Plus. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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When running Drum Income's price analysis, check to measure Drum Income's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Drum Income is operating at the current time. Most of Drum Income's value examination focuses on studying past and present price action to predict the probability of Drum Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Drum Income's price. Additionally, you may evaluate how the addition of Drum Income to your portfolios can decrease your overall portfolio volatility.
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The market value of Drum me Plus is measured differently than its book value, which is the value of Drum that is recorded on the company's balance sheet. Investors also form their own opinion of Drum Income's value that differs from its market value or its book value, called intrinsic value, which is Drum Income'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 Drum Income's market value can be influenced by many factors that don't directly affect Drum Income'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 Drum Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Drum Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Drum Income'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.