Direxion Daily Etf Forecast - 20 Period Moving Average

AMZU Etf  USD 47.57  2.05  4.50%   
The 20 Period Moving Average forecasted value of Direxion Daily AMZN on the next trading day is expected to be 40.47 with a mean absolute deviation of 2.71 and the sum of the absolute errors of 111.06. Direxion Etf Forecast is based on your current time horizon.
  
A commonly used 20-period moving average forecast model for Direxion Daily AMZN is based on a synthetically constructed Direxion Dailydaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Direxion Daily 20 Period Moving Average Price Forecast For the 12th of December 2024

Given 90 days horizon, the 20 Period Moving Average forecasted value of Direxion Daily AMZN on the next trading day is expected to be 40.47 with a mean absolute deviation of 2.71, mean absolute percentage error of 12.98, and the sum of the absolute errors of 111.06.
Please note that although there have been many attempts to predict Direxion Etf prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Direxion Daily's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Direxion Daily Etf Forecast Pattern

Backtest Direxion DailyDirexion Daily Price PredictionBuy or Sell Advice 

Direxion Daily Forecasted Value

In the context of forecasting Direxion Daily's Etf value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Direxion Daily's downside and upside margins for the forecasting period are 37.01 and 43.93, respectively. We have considered Direxion Daily's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
47.57
40.47
Expected Value
43.93
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Direxion Daily etf data series using in forecasting. Note that when a statistical model is used to represent Direxion Daily etf, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria83.9166
BiasArithmetic mean of the errors -2.4326
MADMean absolute deviation2.7087
MAPEMean absolute percentage error0.0671
SAESum of the absolute errors111.057
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Direxion Daily AMZN 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Direxion Daily

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Direxion Daily AMZN. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
44.0147.4350.85
Details
Intrinsic
Valuation
LowRealHigh
37.5540.9752.40
Details
Bollinger
Band Projection (param)
LowMiddleHigh
44.5446.3748.20
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Direxion Daily. Your research has to be compared to or analyzed against Direxion Daily's peers to derive any actionable benefits. When done correctly, Direxion Daily's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Direxion Daily AMZN.

Other Forecasting Options for Direxion Daily

For every potential investor in Direxion, whether a beginner or expert, Direxion Daily's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Direxion Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Direxion. Basic forecasting techniques help filter out the noise by identifying Direxion Daily's price trends.

Direxion Daily Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Direxion Daily etf to make a market-neutral strategy. Peer analysis of Direxion Daily could also be used in its relative valuation, which is a method of valuing Direxion Daily by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Direxion Daily AMZN Technical and Predictive Analytics

The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Direxion Daily's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Direxion Daily's current price.

Direxion Daily Market Strength Events

Market strength indicators help investors to evaluate how Direxion Daily etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Direxion Daily shares will generate the highest return on investment. By undertsting and applying Direxion Daily etf market strength indicators, traders can identify Direxion Daily AMZN entry and exit signals to maximize returns.

Direxion Daily Risk Indicators

The analysis of Direxion Daily's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Direxion Daily's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting direxion etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  
When determining whether Direxion Daily AMZN is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Direxion Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Direxion Daily Amzn Etf. Highlighted below are key reports to facilitate an investment decision about Direxion Daily Amzn Etf:
Check out Historical Fundamental Analysis of Direxion Daily to cross-verify your projections.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of Direxion Daily AMZN is measured differently than its book value, which is the value of Direxion that is recorded on the company's balance sheet. Investors also form their own opinion of Direxion Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Direxion Daily's market value can be influenced by many factors that don't directly affect Direxion Daily's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Direxion Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.