Direxion Shares Etf Profile
| AIBD Etf | 21.20 0.27 1.26% |
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Direxion Shares is trading at 21.20 as of the 14th of September 2024, a 1.26 percent down since the beginning of the trading day. The etf's lowest day price was 21.2. Direxion Shares has 50 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors 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 23rd of May 2023 and ending today, the 14th of September 2024. Click here to learn more.
Direxion Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Theme ETFs, Strategy ETFs (View all Sectors) |
| Issuer | Direxion |
| Inception Date | 2024-05-15 |
| Benchmark | Solactive US AI & Big Data Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 2.75 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Rafferty Asset Management, LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Paul Brigandi, Tony Ng |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 11.0 |
| Market Maker | GTS |
| Total Expense | 1.09 |
| Management Fee | 0.75 |
| Country Name | USA |
| Code | AIBD |
| Name | Direxion Shares ETF Trust |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG01MG5S082 |
| Type | ETF |
Direxion Shares ETF [AIBD] is traded in USA and was established null. The fund is not filed under any group at this time. The fund presently have in assets under management (AUM).
Check Direxion Shares Probability Of Bankruptcy
Direxion Shares ETF 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 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.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.1576 | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 0.0354 |
Direxion Shares Against Markets
Additional Information and Resources on Investing in Direxion Etf
When determining whether Direxion Shares ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Direxion Shares' 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 Shares Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Shares Etf:Check out Trending Equities 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 closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
The market value of Direxion Shares ETF 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 Shares' value that differs from its market value or its book value, called intrinsic value, which is Direxion Shares' 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 Shares' market value can be influenced by many factors that don't directly affect Direxion Shares' 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 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.