Direxion Daily Ftse Etf Profile

YANG Etf  USD 75.75  2.52  3.22%   

Performance

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Odds Of Distress

Less than 10

 
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Direxion Daily is trading at 75.75 as of the 9th of December 2024. This is a 3.22 percent down since the beginning of the trading day. The etf's lowest day price was 74.17. 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. 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, under normal circumstances, 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 . More on Direxion Daily FTSE

Moving together with Direxion Etf

  0.67SH ProShares Short SP500 Sell-off TrendPairCorr
  0.7PSQ ProShares Short QQQPairCorr
  0.68SPXU ProShares UltraPro ShortPairCorr
  0.68SDS ProShares UltraShort Sell-off TrendPairCorr
  0.68SPXS Direxion Daily SPPairCorr
  0.71QID ProShares UltraShort QQQPairCorr

Moving against Direxion Etf

  0.8FNDE Schwab FundamentalPairCorr
  0.64ITDD iShares TrustPairCorr
  0.61DSJA DSJAPairCorr
  0.46RSPY Tuttle Capital ManagementPairCorr
  0.36MEME Roundhill InvestmentsPairCorr

Direxion Etf Highlights

Thematic Ideas
(View all Themes)
Business ConcentrationEmerging Markets ETFs, Strategy ETFs, Trading--Inverse Equity, Direxion Funds (View all Sectors)
IssuerDirexion
Inception Date2009-12-03
BenchmarkFTSE China 50 Index
Entity TypeRegulated Investment Company
Asset Under Management142.44 Million
Average Trading Valume1.03 Million
Asset TypeEquity
CategoryStrategy
FocusEmerging Markets
Market ConcentrationEmerging Markets
RegionAsia-Pacific
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 Constituents16.0
Market MakerVirtu Financial
Total Expense1.11
Management Fee0.75
Country NameUSA
Returns Y T D(69.26)
NameDirexion Daily FTSE China Bear 3X Shares
Currency CodeUSD
Open FigiBBG000PY4W66
In Threey Volatility96.25
1y Volatility67.51
200 Day M A155.89
50 Day M A73.0194
CodeYANG
Updated At9th of December 2024
Currency NameUS Dollar
Direxion Daily FTSE [YANG] is traded in USA and was established 2009-12-03. The fund is listed under Trading--Inverse Equity category and is part of Direxion Funds family. The entity is thematically classified as Emerging Markets ETFs. Direxion Daily FTSE at this time have 108.42 M in net assets. , while the total return for the last 3 years was -40.1%.
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 FTSE 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 FTSE Etf Constituents

Direxion Daily FTSE 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 FTSE 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 Ftse Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Daily Ftse Etf:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Direxion Daily FTSE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of Direxion Daily FTSE 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.