Direxion Daily Total Risk Alpha
| MEXX Etf | | | USD 28.31 0.19 0.68% |
Direxion Daily total risk alpha lookup summarizes this and related technical indicators for Direxion Daily MSCI. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Use
Correlation Analysis to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in Direxion Daily MSCI within the portfolio mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in world development indicators.
Direxion Daily MSCI has current Total Risk Alpha of 0.4086. 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] |
| = | 0.4086 | |
| 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 MSCI maintains a
second in Total Risk Alpha in total risk alpha as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
69.76 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Direxion Daily MSCI is roughly
69.76 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.