Direxion Shares (Mexico) Profile

FAZ Etf  MXN 173.00  4.10  2.43%   

Performance

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Odds Of Distress

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Direxion Shares is trading at 173.00 as of the 28th of March 2024; that is 2.43% increase since the beginning of the trading day. The etf's open price was 168.9. Direxion Shares has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Direxion Shares ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
The investment seeks daily investment results, before fees and expenses, of 300 percent of the inverse of the daily performance of the Russell 1000 Financial Services Index. DIREXION SHARES is traded on Mexico Stock Exchange in Mexico. More on Direxion Shares ETF

Moving together with Direxion Etf

  0.68BND Vanguard Bond IndexPairCorr

Moving against Direxion Etf

  0.89UWM ProShares Trust -PairCorr
  0.88VFH Vanguard WorldPairCorr
  0.87SPY SPDR SP 500PairCorr
  0.87IVV IShares Trust -PairCorr
  0.87VEA Vanguard Tax-ManagedPairCorr
  0.84VTI Vanguard Index FundsPairCorr
  0.84VOO Vanguard Index FundsPairCorr

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 Shares' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Direxion Shares or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Business Concentrationnull, Direxion Funds (View all Sectors)
Beta In Three Year(2.57)
As Of Date30th of April 2021
Direxion Shares ETF [FAZ] is traded in Mexico and was established 2008-11-06. The fund is listed under null category and is part of Direxion Funds family. Direxion Shares ETF currently have 114.32 M in assets under management (AUM). , while the total return for the last 3 years was -59.86%.
Check Direxion Shares Probability Of Bankruptcy

Direxion Shares Target Price Odds Analysis

Based on a normal probability distribution, the odds of Direxion Shares jumping above the current price in 90 days from now is roughly 96.0%. The Direxion Shares ETF probability density function shows the probability of Direxion Shares etf to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Direxion Shares has a beta of 0.6745. This usually indicates as returns on the market go up, Direxion Shares average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Direxion Shares ETF will be expected to be much smaller as well. Additionally, direxion Shares ETF 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 173.0HorizonTargetOdds Above 173.0
3.61%90 days
 173.00 
96.37%
Based on a normal probability distribution, the odds of Direxion Shares to move above the current price in 90 days from now is roughly 96.0 (This Direxion Shares ETF probability density function shows the probability of Direxion Etf to fall within a particular range of prices over 90 days) .

Direxion Shares ETF Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Direxion Shares market risk premium is the additional return an investor will receive from holding Direxion Shares 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 Shares. 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 Shares' alpha and beta are two of the key measurements used to evaluate Direxion Shares' performance over the market, the standard measures of volatility play an important role as well.

Direxion Shares ETF Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Direxion Shares ETF Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Direxion Shares price patterns.

Direxion Shares Against Markets

Picking the right benchmark for Direxion Shares 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 Shares 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 Shares is critical whether you are bullish or bearish towards Direxion Shares ETF at a given time. Please also check how Direxion Shares' 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 Shares 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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How to buy Direxion Etf?

Before investing in Direxion Shares, 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 Shares. To buy Direxion Shares etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Direxion Shares. 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 Shares etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Direxion Shares ETF 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 Shares ETF 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 Shares ETF, 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 Shares guide.

Already Invested in Direxion Shares ETF?

The danger of trading Direxion Shares ETF 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 Shares 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 Shares. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Direxion Shares ETF 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 Shares ETF is a strong investment it is important to analyze Direxion Shares' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Direxion Shares' future performance. For an informed investment choice regarding Direxion Etf, refer to the following important reports:
Check out Investing Opportunities 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the Direxion Shares ETF information on this page should be used as a complementary analysis to other Direxion Shares' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for Direxion Etf analysis

When running Direxion Shares' price analysis, check to measure Direxion Shares' 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 Direxion Shares is operating at the current time. Most of Direxion Shares' value examination focuses on studying past and present price action to predict the probability of Direxion Shares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direxion Shares' price. Additionally, you may evaluate how the addition of Direxion Shares to your portfolios can decrease your overall portfolio volatility.
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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.