Direxion Daily Market Risk Adjusted Performance
| DRN Etf | | | USD 9.23 -0.01 -0.11% |
This module presents the Market Risk Adjusted Performance indicator for Direxion Daily Real using available market inputs. The underlying data comes from exchange-reported trading records. Coverage differences may occur across instruments and market segments. Review
Investing Opportunities to understand diversified portfolio construction. Clearer exposure analysis supports long-term portfolio balance. Diversified allocation aims to distribute exposure across multiple positions. The allocation includes a position in Direxion Daily Real. It is distributed across the allocation. The weighting is determined by the allocation framework in use. This overview is based on available data and does not express a directional view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Direxion Daily Real has current Market Risk Adjusted Performance of 0.1096.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | 0.1096 | |
| ER[a] | = | Expected return on investing in Direxion Daily |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
| BETA | = | Beta of the asset with market or selected benchmark. |
Market Risk Adjusted Performance Peers Comparison
Market Risk Adjusted Performance Relative To Other Indicators
Direxion Daily Real lands at
#2 in market risk adjusted performance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
91.57 in Maximum Drawdown for each unit of Market Risk Adjusted Performance. The spread between Maximum Drawdown and Market Risk Adjusted Performance for Direxion Daily Real sits at
91.57 Other Technical Indicators