Notable companies
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Meta Platforms (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO), Tesla (NASDAQ:TSLA), Adobe (NASDAQ:ADBE), Advanced Micro Devices (NASDAQ:AMD), Intuit (NASDAQ:INTU), QUALCOMM (NASDAQ:QCOM).
Industry description
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P 500® High Beta Index.
The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index provider selects 100 securities from the S&P 500 ® Index that have exhibited the highest sensitivity to market movements, or “beta,” over the past 12 months based on the securities’ daily price changes. It is non-diversified.
Market Cap
The average market capitalization across the Direxion Daily S&P 500® Hi Bt Bl 3X ETF ETF is 148.52B. The market cap for tickers in the group ranges from 5.58B to 3.48T. NVDA holds the highest valuation in this group at 3.48T. The lowest valued company is ETSY at 5.58B.
High and low price notable news
The average weekly price growth across all stocks in the Direxion Daily S&P 500® Hi Bt Bl 3X ETF ETF was -13%. For the same ETF, the average monthly price growth was -9%, and the average quarterly price growth was -1%. SCHW experienced the highest price growth at 9%, while MPWR experienced the biggest fall at -25%.
Volume
The average weekly volume growth across all stocks in the Direxion Daily S&P 500® Hi Bt Bl 3X ETF ETF was 4%. For the same stocks of the ETF, the average monthly volume growth was 21% and the average quarterly volume growth was 14%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 67
P/E Growth Rating: 50
Price Growth Rating: 37
SMR Rating: 45
Profit Risk Rating: 56
Seasonality Score: 42 (-100 ... +100)