Weekly Performance Report for LABD ETF: Week 47, 2024
Summary: The Weekly started with LABD ETF opening at $7.05 and closing at $6.17. The ETF showed weakness throughout the Weekly, with the highest price observed at $7.36 and the lowest at $6.07. The underlying asset had a trading range of $1.29 Overall, it was a negative trading Weekly for LABD ETF, reflecting investor pessimism and market activity.
Change in Closing Price: There was a net decrease of $-0.88 or -12.48% in the closing price from the opening to the closing price over the Weekly.
Volume Analysis: Trading volume for LABD ETF was 80,547,269 units during Week 47, indicating active market participation and investor interest.
Opening Price: The Weekly started at $7.05.
Highest Price: The highest price observed during the Weekly was $7.36.
Lowest Price: The lowest price observed during the Weekly was $6.07.
Closing Price: The Weekly ended at $6.17.
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.
-0.96%
Represents the percentage change in asset value over the past month.
13.63%
Indicates the percentage change in asset value over the last three months.
54.85%
The highest percentage drop from the peak value to the lowest point during the observed period.
77.11%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
-0.22
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
-0.31
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 |
---|---|---|---|---|---|---|---|
11/22/2024 06:00 PM | 6.14 | 6.16 | 6.09 | 6.10 | 550,031 | 6.11 | -0.04 -0.65% |
11/22/2024 05:00 PM | 6.13 | 6.18 | 6.10 | 6.14 | 2,673,734 | 6.13 | +0.01 +0.16% |
11/22/2024 04:00 PM | 6.29 | 6.32 | 6.10 | 6.12 | 2,583,462 | 6.19 | -0.17 -2.70% |
11/22/2024 03:00 PM | 6.39 | 6.43 | 6.29 | 6.29 | 3,416,662 | 6.36 | -0.10 -1.56% |
11/21/2024 08:00 PM | 6.57 | 6.58 | 6.47 | 6.56 | 1,924,723 | 6.51 | -0.01 -0.15% |
11/21/2024 07:00 PM | 6.45 | 6.57 | 6.44 | 6.56 | 3,298,340 | 6.51 | +0.11 +1.71% |
11/21/2024 06:00 PM | 6.36 | 6.48 | 6.32 | 6.45 | 3,378,932 | 6.39 | +0.09 +1.42% |
11/21/2024 05:00 PM | 6.50 | 6.53 | 6.31 | 6.36 | 2,938,950 | 6.41 | -0.14 -2.15% |
11/21/2024 04:00 PM | 6.64 | 6.68 | 6.48 | 6.49 | 3,429,201 | 6.59 | -0.15 -2.26% |
11/21/2024 03:00 PM | 6.73 | 6.87 | 6.60 | 6.64 | 3,435,175 | 6.75 | -0.09 -1.34% |
11/20/2024 08:00 PM | 6.72 | 6.74 | 6.60 | 6.61 | 3,104,014 | 6.67 | -0.11 -1.64% |
11/20/2024 07:00 PM | 6.76 | 6.81 | 6.71 | 6.72 | 3,017,106 | 6.76 | -0.04 -0.59% |
11/20/2024 06:00 PM | 6.68 | 6.79 | 6.64 | 6.76 | 2,582,451 | 6.71 | +0.08 +1.20% |
11/20/2024 05:00 PM | 6.59 | 6.69 | 6.57 | 6.68 | 3,104,602 | 6.62 | +0.09 +1.37% |
11/20/2024 04:00 PM | 6.60 | 6.71 | 6.58 | 6.59 | 3,763,962 | 6.64 | -0.01 -0.15% |
11/20/2024 03:00 PM | 6.82 | 6.92 | 6.59 | 6.60 | 5,393,531 | 6.77 | -0.22 -3.23% |
11/19/2024 08:00 PM | 6.93 | 6.95 | 6.78 | 6.79 | 2,063,674 | 6.86 | -0.14 -2.02% |
11/19/2024 07:00 PM | 6.83 | 6.92 | 6.80 | 6.92 | 2,261,910 | 6.85 | +0.09 +1.32% |
11/19/2024 06:00 PM | 6.99 | 7.01 | 6.83 | 6.83 | 3,304,426 | 6.92 | -0.16 -2.29% |
11/19/2024 05:00 PM | 6.95 | 6.99 | 6.89 | 6.98 | 1,602,723 | 6.94 | +0.03 +0.43% |
11/19/2024 04:00 PM | 6.99 | 7.02 | 6.91 | 6.95 | 2,275,162 | 6.97 | -0.04 -0.57% |
11/19/2024 03:00 PM | 7.24 | 7.28 | 6.97 | 6.99 | 4,431,365 | 7.10 | -0.25 -3.45% |
11/18/2024 08:00 PM | 7.12 | 7.12 | 7.01 | 7.05 | 2,308,094 | 7.06 | -0.07 -0.98% |
11/18/2024 07:00 PM | 7.16 | 7.24 | 7.10 | 7.12 | 2,609,220 | 7.18 | -0.04 -0.56% |
11/18/2024 06:00 PM | 7.10 | 7.19 | 7.08 | 7.15 | 2,914,341 | 7.15 | +0.05 +0.70% |
11/18/2024 05:00 PM | 7.06 | 7.12 | 6.99 | 7.11 | 2,791,818 | 7.05 | +0.05 +0.71% |
11/18/2024 04:00 PM | 6.95 | 7.09 | 6.93 | 7.06 | 3,537,496 | 7.01 | +0.11 +1.58% |
11/18/2024 03:00 PM | 7.20 | 7.25 | 6.88 | 6.95 | 3,507,044 | 7.04 | -0.25 -3.47% |
11/15/2024 08:00 PM | 7.03 | 7.12 | 6.99 | 7.08 | 3,130,673 | 7.07 | +0.05 +0.71% |
11/15/2024 07:00 PM | 6.98 | 7.09 | 6.97 | 7.03 | 3,493,111 | 7.03 | +0.05 +0.72% |
11/15/2024 06:00 PM | 6.98 | 7.00 | 6.92 | 6.98 | 2,703,285 | 6.96 | 0.00 0.00% |
11/15/2024 05:00 PM | 6.82 | 6.98 | 6.81 | 6.98 | 3,476,305 | 6.90 | +0.16 +2.35% |
11/15/2024 04:00 PM | 6.98 | 7.01 | 6.80 | 6.82 | 7,083,122 | 6.89 | -0.16 -2.29% |
11/15/2024 03:00 PM | 6.68 | 7.00 | 6.65 | 6.97 | 10,271,853 | 6.85 | +0.29 +4.34% |
11/14/2024 08:00 PM | 5.82 | 6.12 | 5.81 | 6.10 | 6,237,011 | 5.97 | +0.28 +4.81% |
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Explore Insights NowSimilar ETFs to LABD include: LABU (Direxion Daily S&P Biotech Bull 3X Shares), which seeks to provide 3x the daily performance of the S&P Biotechnology Select Industry Index, the opposite of LABD’s objective; XBI (SPDR S&P Biotech ETF), which provides exposure to the biotechnology sector without leverage; and BIB (Direxion Daily S&P Biotech Bull 2X Shares), which provides 2x the daily performance of the S&P Biotechnology Select Industry Index, less leveraged compared to LABD.
Risks include high volatility and potential for significant losses due to LABD’s leveraged inverse exposure. The ETF's performance is highly sensitive to daily movements in the biotech sector, and leverage can amplify both gains and losses.
LABD typically distributes dividends on a quarterly basis. These dividends come from income generated by the underlying securities, although leveraged ETFs like LABD may have lower yields compared to non-leveraged funds.
LABD has an expense ratio of approximately 1.07%. This fee covers the costs of managing the fund, including administrative and operational expenses, expressed as a percentage of the fund’s average net assets.
Key performance metrics for LABD include its net asset value (NAV), expense ratio, daily return performance, and leverage ratio. LABD targets -3x the daily performance of the S&P Biotechnology Select Industry Index.
Yes, LABD can be held in retirement accounts such as IRAs or 401(k)s. However, due to its high-risk, leveraged nature, it is essential to consider how it fits within your overall investment strategy and risk tolerance.
LABD aims to deliver three times the inverse (-3x) of the daily performance of the S&P Biotechnology Select Industry Index. Over time, due to the effects of compounding and daily rebalancing, its performance may differ significantly from the index.
Investors can buy shares of LABD through a brokerage account. The ETF is traded on major stock exchanges under the ticker symbol "LABD" and can be bought and sold like other stocks and ETFs.
LABD is managed by Direxion Funds and employs leverage through financial instruments such as futures contracts, options, and swap agreements. The fund aims to maintain its -3x leverage ratio through daily rebalancing.
Factors influencing LABD’s performance include movements in the biotech sector, changes in the S&P Biotechnology Select Industry Index, market volatility, and the effects of leverage. LABD’s daily rebalancing and compounding effects also impact performance.
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