Direxion Daily Gold Etf Profile
| DUST Etf | USD 8.44 0.01 0.12% |
Performance0 of 100
| Odds Of DistressLess than 10
|
Direxion Daily is selling for under 8.44 as of the 24th of April 2024; that is -0.12 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 8.39. Direxion Daily 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 Direxion Daily Gold are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 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. Gold Miners is traded on NYSEARCA Exchange in the United States.. More on Direxion Daily Gold
Moving against Direxion Etf
| 0.9 | NRGU | MicroSectors Big Oil | PairCorr |
| 0.9 | DIG | ProShares Ultra Oil | PairCorr |
| 0.9 | IEO | iShares Oil Gas | PairCorr |
| 0.88 | GUSH | Direxion Daily SP | PairCorr |
| 0.87 | PXE | Invesco Dynamic Energy | PairCorr |
| 0.87 | FCG | First Trust Natural | PairCorr |
| 0.69 | MLPR | ETRACS Quarterly Pay | PairCorr |
Direxion 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. Direxion Daily's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Direxion Daily or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | OMX Stockholm Mid, Trading--Inverse Equity, Direxion Funds (View all Sectors) |
| Country Name | USA |
| Returns Y T D | (15.94) |
| Name | Direxion Daily Gold Miners Index Bear 2X Shares |
| Currency Code | USD |
| In Threey Volatility | 66.06 |
| 1y Volatility | 58.66 |
| 200 Day M A | 11.9282 |
| 50 Day M A | 10.7356 |
| Code | DUST |
| Updated At | 24th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.12) |
| Type | ETF |
Direxion Daily Gold [DUST] is traded in USA and was established 2010-12-08. The fund is listed under Trading--Inverse Equity category and is part of Direxion Funds family. Direxion Daily Gold currently have 81.65 M in assets under management (AUM). , while the total return for the last 3 years was -20.4%.
Check Direxion Daily Probability Of Bankruptcy
Top Direxion Daily Gold Etf Constituents
| GDX | VanEck Gold Miners | Etf | Equity Precious Metals |
Direxion Daily Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of Direxion Daily jumping above the current price in 90 days from now is about 90.37%. The Direxion Daily Gold probability density function shows the probability of Direxion Daily etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Direxion Daily Gold has a beta of -0.2844 suggesting as returns on the benchmark increase, returns on holding Direxion Daily are expected to decrease at a much lower rate. During a bear market, however, Direxion Daily Gold is likely to outperform the market. Additionally, direxion Daily Gold has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Direxion Daily to move above the current price in 90 days from now is about 90.37 (This Direxion Daily Gold probability density function shows the probability of Direxion Etf to fall within a particular range of prices over 90 days) .
Direxion Daily Top Holders
| FIQIX | Fidelity International Small | Mutual Fund | Foreign Small/Mid Blend |
| FISMX | Fidelity International Small | Mutual Fund | Foreign Small/Mid Blend |
| FTISX | Fidelity International Small | Mutual Fund | Foreign Small/Mid Blend |
| FICSX | Fidelity International Small | Mutual Fund | Foreign Small/Mid Blend |
| FIASX | Fidelity International Small | Mutual Fund | Foreign Small/Mid Blend |
| FIXIX | Fidelity International Small | Mutual Fund | Foreign Small/Mid Blend |
| FHJUX | Fidelity Europe Fund | Mutual Fund | Europe Stock |
Direxion Daily Gold Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Direxion Daily market risk premium is the additional return an investor will receive from holding Direxion Daily 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 Direxion Daily. 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 Direxion Daily's alpha and beta are two of the key measurements used to evaluate Direxion Daily's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | 1.9 |
Direxion Daily Against Markets
Picking the right benchmark for Direxion Daily 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 Direxion Daily 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 Direxion Daily is critical whether you are bullish or bearish towards Direxion Daily Gold at a given time. Please also check how Direxion Daily'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 Direxion Daily 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.Did you try this?
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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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How to buy Direxion Etf?
Before investing in Direxion Daily, 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 Direxion Daily. To buy Direxion Daily etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Direxion Daily. 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 Direxion Daily etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Direxion Daily Gold 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 Direxion Daily Gold 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 Direxion Daily Gold, 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 Direxion Etf please use our How to Invest in Direxion Daily guide.
Already Invested in Direxion Daily Gold?
The danger of trading Direxion Daily Gold 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 Direxion Daily 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 Direxion Daily. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Direxion Daily Gold 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 Direxion Daily Gold 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 Direxion 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 Direxion Daily Gold Etf. Highlighted below are key reports to facilitate an investment decision about Direxion Daily Gold Etf: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Gold. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
The market value of Direxion Daily Gold 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.