Weekly Performance Report for DRN ETF: Week 47, 2024
Summary: The Weekly started with DRN ETF opening at $11.45 and closing at $12. The ETF showed resilience throughout the Weekly, with the highest price observed at $12.16 and the lowest at $11.38. The underlying asset had a trading range of $0.78 Overall, it was a positive trading Weekly for DRN ETF, reflecting investor optimism and market activity.
Change in Closing Price: There was a net increase of $0.55 or 4.80% in the closing price from the opening to the closing price over the Weekly.
Volume Analysis: Trading volume for DRN ETF was 2,011,730 units during Week 47, indicating active market participation and investor interest.
Opening Price: The Weekly started at $11.45.
Highest Price: The highest price observed during the Weekly was $12.16.
Lowest Price: The lowest price observed during the Weekly was $11.38.
Closing Price: The Weekly ended at $12.
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
-4.08%
Represents the percentage change in asset value over the past month.
5.54%
Indicates the percentage change in asset value over the last three months.
34.28%
The highest percentage drop from the peak value to the lowest point during the observed period.
48.20%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
0.46
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
0.65
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
Type/Period | |
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SMA | |
EMA | |
WMA | |
WEMA |
Pivot Points are used to determine potential support and resistance levels. Here’s a breakdown of the latest Pivot Points for various methods:
Type | S3 | S2 | S1 | PIVOT | R1 | R2 | R3 |
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Technical Indicators are tools used to analyze market trends and make predictions. Here’s a summary of some key indicators:
Indicator | Value | Details |
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Candlestick patterns are crucial in technical analysis, providing visual insights into market sentiment and potential price movements. This section analyzes various candlestick patterns over a specified range of recent candles to identify any significant formations that might indicate future market trends. Each pattern is evaluated based on the latest candle data to determine if it matches known patterns of bullish or bearish signals.
The tool utilizes real-time price data to scan for these patterns, displaying results with timestamps to help understand the context of each detected pattern.
Timestamp | Pattern | Found |
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Pattern | Support |
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This section provides a detailed overview of historical price data for the selected asset. The table below captures key metrics such as open, high, low, and close prices as well as volume and vwap for each trading period. Analyzing historical prices helps in understanding past market trends and volatility, enabling better-informed decisions for future trading strategies.
Timestamp | Open | High | Low | Close | Volume | VWAP | Change |
---|---|---|---|---|---|---|---|
11/20/2024 08:00 PM | 11.90 | 12.04 | 11.87 | 12.00 | 124,635 | 11.97 | +0.10 +0.84% |
11/20/2024 07:00 PM | 11.90 | 11.93 | 11.87 | 11.90 | 42,249 | 11.91 | 0.00 0.00% |
11/20/2024 06:00 PM | 11.95 | 11.96 | 11.89 | 11.90 | 82,455 | 11.92 | -0.05 -0.42% |
11/20/2024 05:00 PM | 11.95 | 12.01 | 11.90 | 11.95 | 77,189 | 11.95 | 0.00 0.00% |
11/20/2024 04:00 PM | 11.92 | 11.96 | 11.85 | 11.95 | 67,097 | 11.91 | +0.03 +0.25% |
11/20/2024 03:00 PM | 11.95 | 12.04 | 11.88 | 11.92 | 126,389 | 11.95 | -0.03 -0.25% |
11/19/2024 08:00 PM | 12.07 | 12.12 | 12.05 | 12.06 | 127,487 | 12.08 | -0.01 -0.08% |
11/19/2024 07:00 PM | 12.13 | 12.16 | 12.04 | 12.07 | 76,642 | 12.09 | -0.06 -0.49% |
11/19/2024 06:00 PM | 12.04 | 12.15 | 12.02 | 12.13 | 37,033 | 12.06 | +0.09 +0.75% |
11/19/2024 05:00 PM | 12.03 | 12.09 | 12.02 | 12.06 | 49,107 | 12.05 | +0.03 +0.25% |
11/19/2024 04:00 PM | 11.91 | 12.04 | 11.91 | 12.03 | 137,078 | 11.97 | +0.12 +1.01% |
11/19/2024 03:00 PM | 11.73 | 11.93 | 11.71 | 11.92 | 115,074 | 11.80 | +0.19 +1.62% |
11/18/2024 08:00 PM | 11.83 | 11.92 | 11.77 | 11.91 | 86,534 | 11.85 | +0.08 +0.68% |
11/18/2024 07:00 PM | 11.76 | 11.83 | 11.75 | 11.82 | 48,754 | 11.78 | +0.06 +0.51% |
11/18/2024 06:00 PM | 11.84 | 11.84 | 11.73 | 11.77 | 42,935 | 11.80 | -0.07 -0.59% |
11/18/2024 05:00 PM | 11.78 | 11.89 | 11.77 | 11.85 | 60,411 | 11.84 | +0.07 +0.59% |
11/18/2024 04:00 PM | 11.63 | 11.82 | 11.63 | 11.79 | 70,559 | 11.72 | +0.16 +1.38% |
11/18/2024 03:00 PM | 11.54 | 11.65 | 11.52 | 11.62 | 140,761 | 11.60 | +0.08 +0.69% |
11/15/2024 08:00 PM | 11.58 | 11.65 | 11.55 | 11.61 | 264,924 | 11.60 | +0.03 +0.26% |
11/15/2024 07:00 PM | 11.60 | 11.63 | 11.53 | 11.58 | 78,023 | 11.56 | -0.02 -0.17% |
11/15/2024 06:00 PM | 11.59 | 11.64 | 11.58 | 11.59 | 80,522 | 11.61 | 0.00 0.00% |
11/15/2024 05:00 PM | 11.64 | 11.64 | 11.55 | 11.58 | 126,861 | 11.60 | -0.06 -0.52% |
11/15/2024 04:00 PM | 11.54 | 11.66 | 11.52 | 11.64 | 267,822 | 11.61 | +0.10 +0.87% |
11/15/2024 03:00 PM | 11.40 | 11.59 | 11.31 | 11.54 | 328,802 | 11.43 | +0.14 +1.23% |
11/14/2024 08:00 PM | 11.80 | 11.80 | 11.53 | 11.57 | 325,231 | 11.62 | -0.23 -1.95% |
11/14/2024 07:00 PM | 11.71 | 11.82 | 11.71 | 11.79 | 115,749 | 11.79 | +0.08 +0.68% |
11/14/2024 06:00 PM | 11.75 | 11.77 | 11.71 | 11.71 | 52,530 | 11.73 | -0.04 -0.34% |
11/14/2024 05:00 PM | 11.70 | 11.75 | 11.64 | 11.75 | 91,698 | 11.70 | +0.05 +0.43% |
11/14/2024 04:00 PM | 11.70 | 11.80 | 11.67 | 11.71 | 155,832 | 11.74 | +0.01 +0.09% |
11/14/2024 03:00 PM | 11.73 | 11.79 | 11.61 | 11.70 | 220,005 | 11.72 | -0.03 -0.26% |
11/13/2024 08:00 PM | 11.88 | 12.02 | 11.86 | 11.91 | 146,781 | 11.96 | +0.03 +0.25% |
11/13/2024 07:00 PM | 11.87 | 11.92 | 11.84 | 11.88 | 92,372 | 11.88 | +0.01 +0.08% |
11/13/2024 06:00 PM | 11.96 | 11.98 | 11.86 | 11.87 | 74,889 | 11.91 | -0.09 -0.75% |
11/13/2024 05:00 PM | 11.98 | 11.98 | 11.91 | 11.96 | 91,202 | 11.95 | -0.02 -0.17% |
11/13/2024 04:00 PM | 12.07 | 12.08 | 11.98 | 11.99 | 97,065 | 12.03 | -0.08 -0.66% |
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Discover More NowDRN’s portfolio is rebalanced daily to maintain its 3x leverage ratio. The ETF adjusts its holdings to reflect changes in the MSCI US IMI Real Estate 25/50 Index and to achieve the targeted leverage.
DRN has an expense ratio of approximately 1.08%. This fee covers the cost of managing the ETF, including leverage and associated trading expenses.
DRN can be purchased through brokerage accounts like other ETFs. It is listed on major stock exchanges under the ticker symbol "DRN" and can be traded during market hours.
Similar ETFs include: DRV (Direxion Daily Real Estate Bear 3X Shares): Provides -3x daily performance of the MSCI US IMI Real Estate 25/50 Index. XHB (SPDR S&P Homebuilders ETF): Tracks the S&P Homebuilders Select Industry Index, focusing on homebuilding companies. IYR (iShares U.S. Real Estate ETF): Seeks to track the performance of the Dow Jones U.S. Real Estate Index.
DRN is managed by Direxion and utilizes leverage to achieve three times the daily return of the MSCI US IMI Real Estate 25/50 Index. The ETF is rebalanced daily to maintain this 3x leverage ratio.
DRN typically distributes dividends on a quarterly basis. The dividends come from the income generated by the ETF’s underlying holdings and any interest earned from cash.
Risks include high volatility and the effects of leverage, which can amplify both gains and losses. DRN is designed for short-term trading and may not be suitable for long-term investment due to potential compounding effects.
While DRN can be held in retirement accounts such as IRAs or 401(k)s, its leveraged nature makes it more suitable for short-term trading rather than long-term retirement investing.
The liquidity of DRN is measured by its trading volume and bid-ask spread. Higher trading volumes generally indicate better liquidity, resulting in narrower spreads and lower trading costs.
DRN aims to provide 3x the daily performance of the MSCI US IMI Real Estate 25/50 Index. Due to leverage, the performance of DRN can diverge significantly over longer periods from 3x the index’s return.
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