Direxion Daily Value At Risk
| PILL ETF | | | USD 10.00 -0.20 -1.96% |
This dataset for Direxion Daily Pharmaceutical reflects inputs used in the Value At Risk calculation. This dataset is part of a broader indicator framework including
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Your Equity Center to better understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. Direxion Daily Pharmaceutical can be included in a portfolio to evaluate diversification impact. The dataset reflects available inputs without directional implication. Broader economic conditions can influence Direxion Daily Pharmaceutical's ETF valuation — related indicators include
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Direxion Daily Pharmaceutical has current Value At Risk of
-6.26. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -6.26 | |
| ER[a] | = | Expected return on investing in Direxion Daily |
| STD | = | Standard Deviation of Direxion Daily |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
Direxion Daily Pharmaceutical is rated
below average for value at risk within its ETF group. It is currently under evaluation for maximum drawdown within its ETF group .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
Compare Direxion Daily to Peers
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