Daily Performance Report for DXD ETF: Nov 7, 2024
Summary: The day started with DXD ETF opening at $25.75 and closing at $25.79. The ETF showed resilience throughout the day, with the highest price observed at $25.79 and the lowest at $25.75. The underlying asset had a trading range of $0.04 Overall, it was a positive trading day for DXD ETF, reflecting investor optimism and market activity.
Change in Closing Price: There was a net increase of $0.04 or 0.16% in the closing price from the opening to the closing price over the day.
Volume Analysis: Trading volume for DXD ETF was 2,300 units during Nov 7, 2024, indicating active market participation and investor interest.
Opening Price: The day started at $25.75.
Highest Price: The highest price observed during the day was $25.79.
Lowest Price: The lowest price observed during the day was $25.75.
Closing Price: The day ended at $25.79.
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.
-7.60%
Represents the percentage change in asset value over the past month.
-21.43%
Indicates the percentage change in asset value over the last three months.
26.12%
The highest percentage drop from the peak value to the lowest point during the observed period.
22.67%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
-1.30
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
-1.13
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 |
---|---|---|---|---|---|---|---|
11/06/2024 08:00 PM | 25.86 | 25.86 | 25.72 | 25.79 | 193,089 | 25.77 | -0.07 -0.27% |
11/06/2024 07:00 PM | 25.86 | 25.90 | 25.83 | 25.86 | 83,066 | 25.86 | 0.00 0.00% |
11/06/2024 06:00 PM | 25.95 | 25.95 | 25.81 | 25.86 | 106,027 | 25.86 | -0.09 -0.35% |
11/06/2024 05:00 PM | 25.98 | 26.03 | 25.93 | 25.95 | 134,132 | 25.97 | -0.03 -0.12% |
11/06/2024 04:00 PM | 26.07 | 26.13 | 25.93 | 25.98 | 170,033 | 26.02 | -0.09 -0.35% |
11/06/2024 03:00 PM | 26.19 | 26.22 | 25.92 | 26.07 | 499,903 | 26.05 | -0.12 -0.46% |
11/05/2024 08:00 PM | 27.88 | 27.88 | 27.74 | 27.74 | 79,048 | 27.82 | -0.14 -0.50% |
11/05/2024 07:00 PM | 27.82 | 27.90 | 27.77 | 27.89 | 34,375 | 27.84 | +0.07 +0.25% |
11/05/2024 06:00 PM | 27.72 | 27.91 | 27.72 | 27.85 | 33,239 | 27.78 | +0.13 +0.47% |
11/05/2024 05:00 PM | 27.89 | 27.91 | 27.70 | 27.71 | 46,253 | 27.78 | -0.18 -0.65% |
11/05/2024 04:00 PM | 27.94 | 27.97 | 27.86 | 27.89 | 47,048 | 27.92 | -0.05 -0.18% |
11/05/2024 03:00 PM | 28.01 | 28.07 | 27.81 | 27.93 | 87,667 | 27.94 | -0.08 -0.29% |
11/04/2024 08:00 PM | 28.28 | 28.36 | 28.27 | 28.30 | 49,127 | 28.32 | +0.02 +0.07% |
11/04/2024 07:00 PM | 28.26 | 28.32 | 28.23 | 28.27 | 14,991 | 28.26 | +0.01 +0.04% |
11/04/2024 06:00 PM | 28.21 | 28.35 | 28.20 | 28.27 | 33,900 | 28.25 | +0.06 +0.21% |
11/04/2024 05:00 PM | 28.47 | 28.51 | 28.21 | 28.21 | 43,340 | 28.35 | -0.26 -0.91% |
11/04/2024 04:00 PM | 28.16 | 28.52 | 28.14 | 28.48 | 64,211 | 28.33 | +0.32 +1.14% |
11/04/2024 03:00 PM | 28.09 | 28.19 | 28.06 | 28.17 | 49,070 | 28.11 | +0.08 +0.28% |
11/01/2024 07:00 PM | 27.87 | 28.03 | 27.82 | 27.96 | 68,966 | 27.95 | +0.09 +0.32% |
11/01/2024 06:00 PM | 27.97 | 28.01 | 27.84 | 27.86 | 27,270 | 27.93 | -0.11 -0.39% |
11/01/2024 05:00 PM | 27.83 | 27.98 | 27.75 | 27.97 | 46,277 | 27.90 | +0.14 +0.50% |
11/01/2024 04:00 PM | 27.76 | 27.86 | 27.69 | 27.84 | 26,923 | 27.75 | +0.08 +0.29% |
11/01/2024 03:00 PM | 27.72 | 27.77 | 27.59 | 27.76 | 81,993 | 27.66 | +0.04 +0.14% |
11/01/2024 02:00 PM | 27.93 | 27.97 | 27.65 | 27.73 | 136,617 | 27.79 | -0.20 -0.72% |
10/31/2024 07:00 PM | 28.09 | 28.34 | 28.07 | 28.32 | 101,986 | 28.18 | +0.23 +0.82% |
10/31/2024 06:00 PM | 28.18 | 28.22 | 28.09 | 28.10 | 48,826 | 28.16 | -0.08 -0.28% |
10/31/2024 05:00 PM | 28.13 | 28.20 | 28.04 | 28.18 | 31,681 | 28.12 | +0.05 +0.18% |
10/31/2024 04:00 PM | 28.25 | 28.28 | 28.14 | 28.14 | 43,711 | 28.20 | -0.11 -0.39% |
10/31/2024 03:00 PM | 28.33 | 28.40 | 28.25 | 28.25 | 45,025 | 28.32 | -0.08 -0.28% |
10/31/2024 02:00 PM | 28.05 | 28.34 | 28.04 | 28.34 | 85,177 | 28.19 | +0.29 +1.03% |
10/30/2024 07:00 PM | 27.65 | 27.81 | 27.65 | 27.77 | 86,313 | 27.75 | +0.12 +0.43% |
10/30/2024 06:00 PM | 27.66 | 27.66 | 27.57 | 27.63 | 44,711 | 27.61 | -0.03 -0.11% |
10/30/2024 05:00 PM | 27.60 | 27.69 | 27.54 | 27.67 | 52,492 | 27.62 | +0.07 +0.25% |
10/30/2024 04:00 PM | 27.43 | 27.59 | 27.42 | 27.59 | 30,085 | 27.50 | +0.16 +0.58% |
10/30/2024 03:00 PM | 27.51 | 27.55 | 27.40 | 27.43 | 40,254 | 27.48 | -0.08 -0.29% |
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Take Action NowInvestors can purchase shares of DXD through a brokerage account. It is traded on major stock exchanges under the ticker symbol "DXD" and can be bought and sold like other stocks and ETFs.
DXD adjusts its holdings and leverage daily to maintain its objective of providing twice the inverse daily performance of the DJIA. Changes in the index’s composition are reflected in the fund’s adjustments to maintain the targeted inverse exposure.
Historical performance data for DXD can be reviewed on financial platforms and includes information on past returns and NAV. Performance should be evaluated with an understanding of its daily leveraged inverse exposure and compounding effects.
DXD specifically targets twice the inverse daily performance of the DJIA. Other leveraged inverse ETFs may focus on different indices or leverage levels. For example, SDS seeks twice the inverse of the S&P 500 Index, while QID provides twice the inverse of the Nasdaq-100 Index.
DXD aims to provide twice the inverse of the DJIA's daily performance. Over one-day periods, it targets double the opposite movement of the DJIA. Due to daily rebalancing and the effects of compounding, performance over longer periods can differ significantly from twice the inverse of the DJIA's performance.
DXD typically distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying securities and derivatives held by the ETF.
Risks include high volatility and potential for significant losses if the DJIA rises. Due to its leveraged inverse nature, DXD can experience large swings in value, and its performance over periods longer than one day may not precisely mirror twice the inverse of the DJIA's performance.
DXD is managed to achieve its goal of providing twice the inverse daily performance of the DJIA. The fund utilizes leverage by employing financial derivatives such as futures contracts, options, and swaps to amplify its inverse exposure. The ETF is rebalanced daily to maintain its targeted leverage ratio.
Factors affecting DXD’s performance include changes in the DJIA, market conditions, and the effectiveness of the fund’s leveraged strategy. The daily rebalancing and effects of compounding can lead to performance deviations over longer periods.
DXD has an expense ratio of approximately 0.95%. This fee covers the costs of managing the ETF, including trading costs and administrative expenses.
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