(EVAV) Direxion Daily Electric - Ratings and Ratios
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US25460G2527 • Trading--Leveraged Equity
EVAV: Electric Vehicles, Autonomous Cars, Technology Stocks
The Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) is a leveraged exchange-traded fund designed to provide twice the daily return of the electric and autonomous vehicles sector. The fund focuses on companies involved in electric vehicle manufacturing, autonomous driving technologies, and related infrastructure. It achieves its 2X leverage through the use of derivatives such as swap agreements and other financial instruments. The fund is non-diversified, meaning it can concentrate its investments in a smaller number of securities, which may increase risk. EVAV is listed on the NYSE Arca under the ticker symbol EVAV and is categorized as a trading--leveraged equity ETF.
Based on the provided data, the 3-month forecast for EVAV suggests potential volatility due to the sectors sensitivity to market conditions. The funds technical indicators show a last price of 20.27, with SMA20 at 21.62 and SMA50 at 23.31, indicating recent downward momentum. The SMA200 at 19.46 suggests longer-term support near current levels. The ATR of 1.80 signals moderate volatility. Fundamentally, the AUM of 4.96M USD indicates a smaller fund size, which may impact liquidity. The average 20-day volume of 7,750 shares further highlights limited trading activity. These factors collectively point to a challenging environment for EVAV, with possible resistance at higher SMAs and continued volatility driven by sector-specific and broader market trends.
Additional Sources for EVAV ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
EVAV ETF Overview
Market Cap in USD | 3m |
Category | Trading--Leveraged Equity |
TER | 0.98% |
IPO / Inception | 2022-08-10 |
EVAV ETF Ratings
Growth 5y | -41.0% |
Fundamental | - |
Dividend | 38.8% |
Rel. Strength Industry | -21.5 |
Analysts | - |
Fair Price Momentum | 12.40 USD |
Fair Price DCF | - |
EVAV Dividends
Dividend Yield 12m | 2.86% |
Yield on Cost 5y | 0.24% |
Annual Growth 5y | 22.02% |
Payout Consistency | 87.3% |
EVAV Growth Ratios
Growth Correlation 3m | -42.3% |
Growth Correlation 12m | 47.4% |
Growth Correlation 5y | -87.4% |
CAGR 5y | -61.91% |
CAGR/Max DD 5y | -0.65 |
Sharpe Ratio 12m | -0.55 |
Alpha | -36.91 |
Beta | 3.02 |
Volatility | 100.17% |
Current Volume | 3.5k |
Average Volume 20d | 7.6k |
As of March 16, 2025, the stock is trading at USD 19.01 with a total of 3,465 shares traded.
Over the past week, the price has changed by -3.57%, over one month by -23.46%, over three months by -17.48% and over the past year by -13.06%.
Probably not. Based on ValueRay Analyses, Direxion Daily Electric (NYSE ARCA:EVAV) is currently (March 2025) not a good stock to buy. It has a ValueRay Growth Rating of -41.01 and therefor a somwhat technical negative rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of EVAV as of March 2025 is 12.40. This means that EVAV is currently overvalued and has a potential downside of -34.77%.
Direxion Daily Electric has no consensus analysts rating.
According to ValueRays Forecast Model, EVAV Direxion Daily Electric will be worth about 14.9 in March 2026. The stock is currently trading at 19.01. This means that the stock has a potential downside of -21.73%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 14.9 | -21.7% |