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Upturn AI SWOT - About
Direxion Daily Technology Bear 3X Shares (TECS)
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Upturn Advisory Summary
04/01/2025: TECS (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -73.22% | Avg. Invested days 17 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 998720 | Beta -3.57 | 52 Weeks Range 40.54 - 93.66 | Updated Date 04/2/2025 |
52 Weeks Range 40.54 - 93.66 | Updated Date 04/2/2025 |
Upturn AI SWOT
ETF Direxion Daily Technology Bear 3X Shares (TECS)
Profile:
- Focus: TECS is an actively managed exchange-traded fund (ETF) designed to provide three times the daily inverse performance of the Technology Select Sector Index (XLK).
- Asset Allocation: The ETF primarily invests in derivatives and swaps to achieve its inverse exposure.
- Investment Strategy: TECS aims to generate returns by shorting the XLK index. This means the ETF will profit if the technology sector declines in value.
Objective:
- TECS aims to deliver triple the inverse daily performance of the XLK index.
Issuer:
- Company: Direxion Shares
- Reputation & Reliability: Direxion has a strong reputation and is known for its innovative and thematic ETFs.
- Management: Experienced team with expertise in managing thematic ETFs and leveraging derivatives.
Market Share & Assets:
- Market Share: TECS has a market share of approximately 0.5% within the inverse technology ETF segment.
- Total Net Assets: Around $220 million as of November 8, 2023.
Moat:
- Unique Strategy: TECS offers a unique exposure to the technology sector by providing three times the inverse daily performance.
- Experienced Management: The ETF benefits from Direxion's expertise in managing thematic ETFs and derivatives.
Financial Performance:
- Historical Performance: TECS has experienced significant volatility due to its leveraged nature. The ETF has generated positive returns during periods of market decline and negative returns during market rallies.
- Benchmark Comparison: TECS has generally outperformed the XLK index when the technology sector has declined and underperformed when the sector has risen.
Growth Trajectory:
- The ETF's growth will depend on market volatility and investor demand for inverse exposure to the technology sector.
Liquidity:
- Average Trading Volume: High average trading volume, suggesting good liquidity.
- Bid-Ask Spread: Tight bid-ask spread, indicating low transaction costs.
Market Dynamics:
- Economic Indicators: Interest rate changes, inflation, and economic growth can affect the technology sector and TECS's performance.
- Sector Growth Prospects: Technological advancements and innovation drive the sector's growth, influencing TECS's performance.
- Market Sentiment: Investor sentiment towards the technology sector significantly impacts TECS's price movements.
Competitors:
- ProShares Short QQQ (PSQ): Market share of around 1.5%.
- Direxion Daily Technology Bear 2X Shares (TWM): Market share of around 0.3%.
Expense Ratio:
- 0.95% per year.
Investment Approach and Strategy:
- Strategy: Inversely tracks the XLK index using derivatives and swaps.
- Composition: Primarily invests in derivatives and swaps to achieve its objective.
Key Points:
- Delivers triple the inverse daily performance of the XLK index.
- Offers short-term exposure to the technology sector decline.
- Experienced management and a unique strategy.
- High volatility and significant risk.
Risks:
- Volatility: TECS is highly volatile due to its leveraged nature.
- Market Risk: The ETF is susceptible to losses if the technology sector rallies.
- Counterparty Risk: The ETF relies on derivatives and swaps, which expose it to counterparty risk.
Who Should Consider Investing:
- Experienced investors with a high risk tolerance.
- Short-term traders looking to profit from a potential decline in the technology sector.
- Investors seeking a hedge against their long technology holdings.
Fundamental Rating Based on AI:
7/10
TECS is a well-managed and innovative ETF with a unique strategy. However, its high volatility and significant risks require careful consideration. Investors should thoroughly understand the ETF's characteristics before investing.
Resources:
- Direxion website: https://www.direxion.com/
- Yahoo Finance: https://finance.yahoo.com/quote/TECS/
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Direxion Daily Technology Bear 3X Shares
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund, under normal circumstances, invests at least 80% of the fund"s net assets in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund"s investment objective. The index is provided by S&P Dow Jones Indices (the index provider) and includes domestic companies from the technology sector. It is non-diversified.
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