Direxion Daily Market Risk Adjusted Performance
| MIDU Etf | | | USD 53.30 0.60 1.14% |
The Market Risk Adjusted Performance calculation for Direxion Daily draws on price and volume history. Data availability for the calculation period determines indicator completeness. Use
Correlation Analysis to better understand diversified portfolio construction. Allocation decisions are shaped by the composition and weighting of holdings. Direxion Daily Mid can be added to a watchlist or portfolio for position tracking. Performance attribution breaks down contribution by individual holding. Broader economic conditions can influence Direxion Daily Mid's etf valuation — related indicators include
signals in unemployment.
Direxion Daily Mid has current Market Risk Adjusted Performance of 0.0374.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | 0.0374 | |
| 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 Mid is rated
below average in market risk adjusted performance across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
442.25 of Maximum Drawdown per Market Risk Adjusted Performance. For Direxion Daily Mid, Maximum Drawdown stands at
442.25 times Market Risk Adjusted Performance
Other Technical Indicators