Direxion Daily Sp500 Etf Performance
| SPXL Etf | USD 180.60 0.44 0.24% |
The etf shows a Beta (market volatility) of 2.21, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Direxion Daily will likely underperform.
Risk-Adjusted Performance
Strong
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Daily SP500 are ranked lower than 29 (%) of all global equities and portfolios over the last 90 days. Despite quite uncertain basic indicators, Direxion Daily disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
| In Threey Sharp Ratio | 0.84 |
Direxion | Build AI portfolio with Direxion Etf |
Direxion Daily Relative Risk vs. Return Landscape
If you would invest 10,239 in Direxion Daily SP500 on April 21, 2025 and sell it today you would earn a total of 7,821 from holding Direxion Daily SP500 or generate 76.38% return on investment over 90 days. Direxion Daily SP500 is currently generating 0.9351% in daily expected returns and assumes 2.5098% risk (volatility on return distribution) over the 90 days horizon. In different words, 22% of etfs are less volatile than Direxion, and 82% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Direxion Daily Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Daily's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Direxion Daily SP500, and traders can use it to determine the average amount a Direxion Daily's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.3726
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | SPXL | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.51 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.94 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.37 actual daily | 29 71% of assets perform better |
Based on monthly moving average Direxion Daily is performing at about 29% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Direxion Daily by adding it to a well-diversified portfolio.
Direxion Daily Fundamentals Growth
Direxion Etf prices reflect investors' perceptions of the future prospects and financial health of Direxion Daily, and Direxion Daily fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Direxion Etf performance.
| Price To Earning | 18.50 X | |||
| Price To Book | 2.75 X | |||
| Price To Sales | 1.93 X | |||
| Total Asset | 2.57 B | |||
About Direxion Daily Performance
By examining Direxion Daily's fundamental ratios, stakeholders can obtain critical insights into Direxion Daily's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Direxion Daily is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The fund, under normal circumstances, invests at least 80 percent of its net assets in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. SP 500 is traded on NYSEARCA Exchange in the United States.