Direxion Daily Ownership
| SPXS Etf | USD 8.53 0.03 0.35% |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Direxion |
Direxion Etf Ownership Analysis
Direxion Daily is is formed as Regulated Investment Company in the United States. ETF is managed and operated by U.S. Bancorp Fund Services, LLC. The fund has 13 constituents with avarage daily trading value of 30.1 M. The fund charges 0.75 percent management fee with a total expences of 1.13 percent of total asset. The fund maintains most of the assets in different exotic instruments. Direxion Daily SP last dividend was 0.02 per share. 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 . SP 500 is traded on NYSEARCA Exchange in the United States. To find out more about Direxion Daily SP contact the company at NA or learn more at http://www.spiraxsarcoengineering.com.Sector Exposure (%)
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 Daily , and the less return is expected.
Top Etf Constituents
| SPDN | Direxion Daily SP | Etf | Size And Style ETFs |
Institutional Etf Holders for Direxion Daily
| RQEIX | Resq Dynamic Allocation | Mutual Fund | RESQ Funds |
| RQEAX | Resq Dynamic Allocation | Mutual Fund | RESQ Funds |
| RQECX | Resq Dynamic Allocation | Mutual Fund | RESQ Funds |
| KCMIX | Kcm Macro Trends | Mutual Fund | AXS |
| KCMTX | Kcm Macro Trends | Mutual Fund | AXS |
Pair Trading with Direxion Daily
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Direxion Daily position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Direxion Daily will appreciate offsetting losses from the drop in the long position's value.Moving together with Direxion Etf
| 0.93 | SH | ProShares Short SP500 Sell-off Trend | PairCorr |
| 0.96 | SPXU | ProShares UltraPro Short | PairCorr |
| 1.0 | SDS | ProShares UltraShort Sell-off Trend | PairCorr |
Moving against Direxion Etf
| 0.81 | GREI | Goldman Sachs Future | PairCorr |
| 0.8 | ENTR | ERShares Entrepreneurs | PairCorr |
| 0.76 | MAGS | Roundhill Magnificent Symbol Change | PairCorr |
| 0.72 | SEMI | Columbia Seligman | PairCorr |
| 0.68 | DHF | BNY Mellon High | PairCorr |
The ability to find closely correlated positions to Direxion Daily could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Direxion Daily when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Direxion Daily - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Direxion Daily SP to buy it.
The correlation of Direxion Daily is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Direxion Daily moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Direxion Daily SP moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Direxion Daily can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Daily SP. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of Direxion Daily SP 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.