Direxion Daily S&P Biotech Bear 3X Shares chart

Last update: 2022-12-30
Key statistics and financials
Three year average return -62.12%
YTD return 24.35%
Beta 3Y -2.62
Total Assets 40.38M
Annual report expense ratio 1.07%

Company description

The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards ("GICS"). The fund is non-diversified.

Sector: N/A - Industry: N/A


Insider Transactions

Here are the insider transactions of stock shares related to Direxion Daily S&P Biotech Bear 3X Shares:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Direxion Daily S&P Biotech Bear 3X Shares. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Direxion Daily S&P Biotech Bear 3X Shares

Here is the result of two systematic investment strategies applied to Direxion Daily S&P Biotech Bear 3X Shares. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Direxion Daily S&P Biotech Bear 3X Shares

The following chart shows the equity curve of the two systematic investment strategies applied to Direxion Daily S&P Biotech Bear 3X Shares:

Direxion Daily S&P Biotech Bear 3X Shares automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -67.85% on the backtest period.

Performance at glance

Performance

-67.85 %

Latent gain

-1939.96 $

Invested capital

2859.18 $

Annualized return

-16.55 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on Direxion Daily S&P Biotech Bear 3X Shares

This is the result of two momentum investment strategies applied to Direxion Daily S&P Biotech Bear 3X Shares. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Direxion Daily S&P Biotech Bear 3X Shares

The following chart shows all the entries opened by the momentum investment system on Direxion Daily S&P Biotech Bear 3X Shares:

Direxion Daily S&P Biotech Bear 3X Shares momentum entries
  • The first momentum investment strategy would give -58.85% of return on Direxion Daily S&P Biotech Bear 3X Shares. That represents -3622.9$ of latent gain with 6156.36$ of employed capital.
  • The second momentum investment strategy would give -65.5% of return on Direxion Daily S&P Biotech Bear 3X Shares. That represents -3277.84$ of latent gain with 5004.18$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-58.85 %

Latent gain

-3622.9 $

Invested capital

6156.36 $

Annualized return

-38.8 %
Performance at glance (2Q Momentum)

Performance

-65.5 %

Latent gain

-3277.84 $

Invested capital

5004.18 $

Annualized return

-18.09 %

Momentum equity curve on Direxion Daily S&P Biotech Bear 3X Shares

The following chart shows the equity curve of the two momentum strategies applied to Direxion Daily S&P Biotech Bear 3X Shares:

Direxion Daily S&P Biotech Bear 3X Shares momentum equity

Note: the dividends potentially given by Direxion Daily S&P Biotech Bear 3X Shares are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Direxion Daily S&P Biotech Bear 3X Shares

The following chart shows the employed capital evolution of the two momentum strategies on Direxion Daily S&P Biotech Bear 3X Shares since the beginning:

Direxion Daily S&P Biotech Bear 3X Shares

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Direxion Daily S&P Biotech Bear 3X Shares

Buy the dip entry openings on Direxion Daily S&P Biotech Bear 3X Shares

Direxion Daily S&P Biotech Bear 3X Shares

The performance achieved by the robo-advisor on Direxion Daily S&P Biotech Bear 3X Shares is -81.49%. That represents -690.86$ of latent gain with 847.8$ of employed capital. The following chart shows Direxion Daily S&P Biotech Bear 3X Shares stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Direxion Daily S&P Biotech Bear 3X Shares, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-81.49 %

Latent gain

-690.86 $

Invested capital

847.8 $

Annualized return

-38.8 %

Equity curve of the strategy applied to Direxion Daily S&P Biotech Bear 3X Shares

The following chart shows the result of the investment strategy applied to Direxion Daily S&P Biotech Bear 3X Shares:

Direxion Daily S&P Biotech Bear 3X Shares

Note: the dividends potentially given by Direxion Daily S&P Biotech Bear 3X Shares are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Direxion Daily S&P Biotech Bear 3X Shares

The following chart shows the employed capital evolution since the beginning of the investment strategy on Direxion Daily S&P Biotech Bear 3X Shares:

Direxion Daily S&P Biotech Bear 3X Shares

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Direxion Daily S&P Biotech Bear 3X Shares

In this section, I will compare the three previous investment strategies applied to Direxion Daily S&P Biotech Bear 3X Shares.

Equity curve comparison on Direxion Daily S&P Biotech Bear 3X Shares

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Direxion Daily S&P Biotech Bear 3X Shares investment strategy comparison

Employed capital comparison on Direxion Daily S&P Biotech Bear 3X Shares

Direxion Daily S&P Biotech Bear 3X Shares investment comparison

Performance comparison on Direxion Daily S&P Biotech Bear 3X Shares

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -67.85% -1939.96$ 2859.18$ -16.55%
Momentum 1 quarter -58.85% -3622.9$ 6156.36$ -15.25%
Momentum 2 quarters -65.5% -3277.84$ 5004.18$ -18.09%
Non-directional -81.49% -690.86$ 847.8$ -38.8%
Annualized return comparison

Automatic investment

-16.55 %

Momentum 1Q

-18.09 %

Momentum 2Q

-18.09 %

Non-directional

-38.8 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Direxion Daily S&P Biotech Bear 3X Shares:

Note: The algorithm computes the probability of correlation between Direxion Daily S&P Biotech Bear 3X Shares and the other stocks. There may be false positives or some missing correlated stocks. If the price of Direxion Daily S&P Biotech Bear 3X Shares does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Direxion Daily S&P Biotech Bear 3X Shares
Country
City
Address
Phone
Website
FullTime employees
Industry
Sector
Exchange ARCX
Ticker LABD
Market

Direxion Daily S&P Biotech Bear 3X Shares ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown