(TECS) Direxion Daily Technology - Overview
Etf: Inverse, Technology, Leveraged, Bear, ETF
Dividends
| Dividend Yield | 3.52% |
| Yield on Cost 5y | 0.16% |
| Yield CAGR 5y | 16.40% |
| Payout Consistency | 42.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 87.1% |
| Relative Tail Risk | -11.1% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.71 |
| Alpha | -17.88 |
| Character TTM | |
|---|---|
| Beta | -3.924 |
| Beta Downside | -3.785 |
| Drawdowns 3y | |
|---|---|
| Max DD | 94.45% |
| CAGR/Max DD | -0.62 |
Description: TECS Direxion Daily Technology December 22, 2025
The Direxion Daily Technology Bear 3X Shares (NYSE ARCA: TECS) seeks to deliver three times the inverse daily performance of the S&P Dow Jones Technology Index, investing at least 80 % of its net assets in derivatives that provide this leveraged short exposure. Because it targets a specific sector, the fund is classified as non-diversified and is intended for short-term tactical trades rather than long-term holding.
Key metrics to watch: the fund’s expense ratio is 0.95 % (higher than typical passive ETFs due to leverage costs); average daily trading volume exceeds 1 million shares, providing reasonable liquidity; and the fund’s performance is highly sensitive to “beta-slippage” and compounding effects, especially in volatile markets. Sector drivers that can amplify TECS’s returns include quarterly semiconductor earnings, corporate cloud-spending trends, and macro-level shifts in interest rates that affect tech valuations.
For a deeper quantitative breakdown of TECS’s risk profile and scenario analysis, you may find ValueRay’s interactive toolkit useful for extending your research.
What is the price of TECS shares?
Over the past week, the price has changed by +7.46%, over one month by +4.59%, over three months by +10.71% and over the past year by -58.09%.
Is TECS a buy, sell or hold?
What are the forecasts/targets for the TECS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 9.1 | -49.3% |
TECS Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 77.6m USD (77.6m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 77.6m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 77.6m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = -8.55% (negative - check inputs) (E(77.6m)/V(77.6m) * Re(-8.55%) + (debt-free company))
Discount Rate = 9.60% (= Risk Free + ERP)
Fair Price DCF = unknown (Cash Flow 0.0)