Direxion Daily Msci Etf Profile

EDC Etf  USD 32.05  0.16  0.50%   

Performance

3 of 100

 
Weak
 
Strong
Insignificant

Odds Of Distress

Less than 9

 
High
 
Low
Low
Direxion Daily is trading at 32.05 as of the 9th of December 2024, a 0.5 percent down since the beginning of the trading day. The etf's open price was 32.21. Direxion Daily has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. The performance scores are derived for the period starting the 9th of November 2024 and ending today, the 9th of December 2024. Click here to learn more.
The fund invests at least 80 percent of its net assets in financial instruments, such as swap agreements, exchange-traded funds that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. More on Direxion Daily MSCI

Moving against Direxion Etf

  0.52MEME Roundhill InvestmentsPairCorr
  0.44RSPY Tuttle Capital ManagementPairCorr
  0.42UYG ProShares Ultra FinaPairCorr

Direxion Etf Highlights

Thematic Ideas
(View all Themes)
Old NameEnergy Development Corp.
Business ConcentrationEmerging Markets ETFs, Strategy ETFs, Trading--Leveraged Equity, Direxion Funds (View all Sectors)
IssuerDirexion
Inception Date2008-12-17
BenchmarkMSCI Emerging Markets Index
Entity TypeRegulated Investment Company
Asset Under Management78.26 Million
Average Trading Valume65,740.2
Asset TypeEquity
CategoryStrategy
FocusEmerging Markets
Market ConcentrationEmerging Markets
RegionEmerging Markets
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 Constituents18.0
Market MakerVirtu Financial
Total Expense1.17
Management Fee0.75
Country NameUSA
Returns Y T D8.66
NameDirexion Daily MSCI Emerging Markets Bull 3X Shares
Currency CodeUSD
Open FigiBBG000H9W9L3
In Threey Volatility54.52
1y Volatility32.24
200 Day M A32.6312
50 Day M A34.8766
CodeEDC
Updated At8th of December 2024
Currency NameUS Dollar
Direxion Daily MSCI [EDC] is traded in USA and was established 2008-12-17. The fund is classified under Trading--Leveraged Equity category within Direxion Funds family. The entity is thematically classified as Emerging Markets ETFs. Direxion Daily MSCI currently have 52.56 M in assets under management (AUM). , while the total return for the last 3 years was -22.2%.
Check Direxion Daily 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 Direxion Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Direxion 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 Direxion Daily MSCI 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 Direxion Daily MSCI Etf Constituents

EEMiShares MSCI EmergingEtfDiversified Emerging Mkts
More Details

Direxion Daily Top Holders

ATACXAtac Inflation RotationMutual FundTactical Allocation
IEGIXInvesco International SmallMutual FundForeign Small/Mid Blend
IEGAXInvesco International SmallMutual FundForeign Small/Mid Blend
More Details

Direxion Daily MSCI Risk Profiles

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.

Direxion Daily Against Markets

When determining whether Direxion Daily MSCI offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Direxion Daily's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Direxion Daily Msci Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Daily Msci Etf:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of Direxion Daily MSCI 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.