Direxion Daily Market Risk Adjusted Performance
| MEXX Etf | | | USD 23.72 -2.55 -9.71% |
Historical market data for Direxion Daily MSCI forms the basis of the Market Risk Adjusted Performance indicator shown here. The calculation draws on time-series market data across available periods. Use
Correlation Analysis to better understand diversified portfolio construction. The diversification view provides additional analytical depth. This suggests a position in Direxion Daily MSCI. This appears in the portfolio view. Position weights are derived from the portfolio construction methodology. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in services.
Direxion Daily MSCI has current Market Risk Adjusted Performance of 0.0236.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | 0.0236 | |
| 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 MSCI is rated
third in market risk adjusted performance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
1,208 of Maximum Drawdown per Market Risk Adjusted Performance. At
1,208 , Direxion Daily MSCI's Maximum Drawdown-to-Market Risk Adjusted Performance multiple reflects the spread between these metrics
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