Direxion Daily Total Risk Alpha
| DRN ETF | | | USD 8.27 -0.03 -0.36% |
This module presents the Total Risk Alpha indicator for Direxion Daily Real using available market inputs. Coverage differences may occur across instruments and market segments. Review
Investing Opportunities to understand diversified portfolio construction. Diversified allocation aims to distribute exposure across multiple positions. Direxion Daily Real can be included in a portfolio to evaluate diversification impact. The information is presented without directional commentary. Broader economic conditions can influence Direxion Daily Real's ETF valuation — related indicators include
signals in real.
Direxion Daily Real has current Total Risk Alpha of 0.2638. 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] |
| = | 0.2638 | |
| 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 |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Direxion Daily Real lands at
#2 in total risk alpha against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
55.01 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Direxion Daily Real sits at
55.01 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Direxion Daily to Peers
Other Technical Indicators