Direxion Daily South Korea Bull 3X Shares

Ticker

KORU

ISIN

US25459Y520

Price

USD 8.40

Change Today

-0.37 / -4.219 %

Price 1 year ago

7.95 / 5.721 %

Morningstar

-

52 Week Low

5.31

52 Week High

10.97

200 Day Moving Average 7.89

7.89

50-day Moving Average

8.52


Price evolution


Yearly returns


Peers comparison

Risk factors

1 year

Parameter Value
Sharpe Ratio 0.13
Sortino Ratio 0.12
Maximum Drawdown -51.66%
Maximum Drawdown Date 2023-10-27
Calmar Ratio -0.20

1 year

Parameter Value
Return -2.08
Volatility 51.36%
Alpha +16.56
Beta None
R Squared +70.63

History

Parameter Value
Average Annual Return 10.335%
Average Annual Volatility 68.629%
Sharpe Ratio 0.15
Sortino Ratio 0.17
Maximum Drawdown -94.0%
Maximum Drawdown Date 2022-09-30
Calmar Ratio -0.13

Company information

Summary

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the MSCI Korea 25/50 Index. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, ETFs that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is designed to measure the performance of the large- and mid-cap segments of the South Korean equity market, covering approximately 85% of the free float-adjusted market capitalization of South Korean issuers. It is non-diversified.

Market

US

Category

Trading--Leveraged Equity

Expense Ratio

1.23%

Fund family

Direxion Funds

Morningstar
-
Yield
0.0001
Exchange
PCX
Sector Weight
Technology 17.35%
Industrials 5.44%
Financial services 5.21%
Consumer cyclical 4.73%
Communication services 4.27%
Basic materials 4.26%
Healthcare 3.04%
Consumer defensive 2.09%
Energy 0.98%
Utilities 0.59%
Realestate 0.00%
Country Ratio
South Korea 100.00
Argentina 0.00
Australia 0.00
Austria 0.00
Belgium 0.00
Brazil 0.00
Canada 0.00
Chile 0.00
China 0.00
Colombia 0.00

Holdings

Symbol Name Allocation
EWY iShares MSCI South Korea ETF 35.1%
DGCXX Dreyfus Government Cash Mgmt Instl 28.77%
FGTXX Goldman Sachs FS Government Instl 21.53%
FTIXX Goldman Sachs FS Treasury Intms Instl 15.21%
Ishares Msci South Korea Capped Etf Swap 12.9%
Goldman Finl Sq Trsry Ins 0.02%

Alternative funds

Ticker Name Isin Exchange Expenses Morningstar Alpha Beta
RUSL Direxion Daily Russia Bull 2X Shares US25460E828 PCX 1.26% 3 +0.50

Sustainability scores

Events

Indicators

Glossary
Momentum
A technical indicator that measures the rate of change in price movements over a specific period. It indicates the strength or weakness of a price trend.
Assessment: A positive momentum value generally indicates a good trend, while a negative value suggests a weak or downward trend.
Inertia
In trading, inertia refers to the tendency of prices to continue moving in their current direction. It suggests that an asset's price will likely maintain its current trend.
Assessment: A higher inertia value is generally considered good, as it indicates a strong and sustained price trend.
Relative Strength Index (RSI)
A momentum oscillator that measures the speed and change of price movements. It helps identify overbought or oversold conditions in an asset.
Assessment: An RSI value above 70 is typically considered overbought and may suggest a potential reversal or correction. Conversely, an RSI value below 30 is often considered oversold, indicating a possible upward price correction.
Fibonacci's Weighted Moving Average
A technical indicator that assigns different weights to recent data points, giving more significance to recent prices. It helps smooth out price fluctuations and identify trend reversals.
Assessment: The interpretation of the Fibonacci's Weighted Moving Average value depends on its comparison to other moving averages or trendlines. A value above 50 may indicate an uptrend, while a value below 50 may suggest a downtrend.
Williams %R
A momentum indicator that measures overbought or oversold conditions in an asset. It shows the relationship of the current closing price to the high-low range over a specified period.
Assessment: Williams %R values above -20 are typically considered overbought and may indicate a potential price reversal. Values below -80 are often viewed as oversold, suggesting a potential price bounce.
Relative Volatility Index (RVI)
A technical indicator that measures the volatility of a security by comparing the magnitude of recent price movements to the magnitude of average price changes. It helps identify periods of high or low volatility.
Assessment: A higher RVI value suggests higher volatility, which can provide trading opportunities but also carries increased risk.
Commodity Channel Index (CCI)
A versatile indicator that measures the current price level relative to an average price level over a given period. It helps identify overbought or oversold conditions and potential trend reversals.
Assessment: CCI values above 100 are often considered overbought, indicating a potential price correction or reversal. Values below -100 are typically viewed as oversold, suggesting a potential price rebound.