Direxion Daily Total Risk Alpha
| CSCL Etf | | | 29.58 0.38 1.30% |
Direxion Daily total risk alpha lookup summarizes this and related technical indicators for Direxion Daily CSCO. Some instruments may have limited coverage due to data differences;
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Direxion Daily CSCO has current Total Risk Alpha of 0.2302. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.2302 | |
| ER[a] | = | Expected return on investing in Direxion Daily |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Direxion Daily |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Direxion Daily Total Risk Alpha Peers Comparison
Direxion Total Risk Alpha Relative To Other Indicators
Direxion Daily CSCO sits atop the peer group for total risk alpha within its ETF group. It is currently under evaluation for maximum drawdown within its ETF group where Maximum Drawdown runs almost
137.99 per Total Risk Alpha. Direxion Daily CSCO's Maximum Drawdown registers at
137.99 relative to Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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