Direxion Daily Total Risk Alpha
| RETL Etf | | | USD 7.38 -0.47 -5.99% |
The Total Risk Alpha lookup presents technical context for Direxion Daily Retail and related instruments. Data availability can vary by region and feed;
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Your Equity Center provides context for diversified portfolio design. Broader allocation clarity strengthens diversification analysis. The allocation includes a position in Direxion Daily Retail inside the allocation 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 population.
Direxion Daily Retail has current Total Risk Alpha of
-0.01. 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] |
| = | -0.01 | |
| 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 Retail is rated
below average for total risk alpha within its ETF group. It is currently under evaluation for maximum drawdown within its ETF group .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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