Notable companies
The most notable companies in this group are Lockheed Martin Corp (NYSE:LMT), Boeing Company (NYSE:BA), Northrop Grumman Corp (NYSE:NOC), Spirit Aerosystems Holdings (NYSE:SPR), Virgin Galactic Holdings (NYSE:SPCE).
Industry description
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Dow Jones U.S. Select Aerospace & Defense Index.
The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("ETFs") that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. The fund is non-diversified.
Market Cap
The average market capitalization across the Direxion Dly Aerospace&Def Bl 3X ShsETF ETF is 27.82B. The market cap for tickers in the group ranges from 195.49M to 157.77B. RTX holds the highest valuation in this group at 157.77B. The lowest valued company is SPCE at 195.49M.
High and low price notable news
The average weekly price growth across all stocks in the Direxion Dly Aerospace&Def Bl 3X ShsETF ETF was -11%. For the same ETF, the average monthly price growth was -11%, and the average quarterly price growth was 23%. RKLB experienced the highest price growth at 41%, while VVX experienced the biggest fall at -14%.
Volume
The average weekly volume growth across all stocks in the Direxion Dly Aerospace&Def Bl 3X ShsETF ETF was -5%. For the same stocks of the ETF, the average monthly volume growth was 58% and the average quarterly volume growth was 158%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 52
P/E Growth Rating: 52
Price Growth Rating: 49
SMR Rating: 67
Profit Risk Rating: 57
Seasonality Score: 0 (-100 ... +100)