Direxion Daily Robotics Etf Price on April 24, 2024

UBOT Etf  USD 25.67  0.52  2.07%   
Below is the normalized historical share price chart for Direxion Daily Robotics extending back to April 19, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Direxion Daily stands at 25.67, as last reported on the 11th of December 2024, with the highest price reaching 25.67 and the lowest price hitting 25.15 during the day.
3 y Volatility
57.28
200 Day MA
23.2293
1 y Volatility
28.51
50 Day MA
24.1039
Inception Date
2018-04-19
 
Covid
If you're considering investing in Direxion Etf, it is important to understand the factors that can impact its price. Direxion Daily appears to be very steady, given 3 months investment horizon. Direxion Daily Robotics secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the etf had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Direxion Daily Robotics, which you can use to evaluate the volatility of the entity. Please utilize Direxion Daily's Coefficient Of Variation of 599.89, downside deviation of 2.27, and Mean Deviation of 1.69 to check if our risk estimates are consistent with your expectations.
  
Direxion Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1259

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Estimated Market Risk

 2.17
  actual daily
19
81% of assets are more volatile

Expected Return

 0.27
  actual daily
5
95% of assets have higher returns

Risk-Adjusted Return

 0.13
  actual daily
9
91% of assets perform better
Based on monthly moving average Direxion Daily is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Direxion Daily by adding it to a well-diversified portfolio.
Average Mkt Cap Mil
32.8 K

Direxion Daily Valuation on April 24, 2024

It is possible to determine the worth of Direxion Daily on a given historical date. On April 24, 2024 Direxion was worth 21.74 at the beginning of the trading date compared to the closed value of 21.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Direxion Daily etf. Still, in general, we apply an absolute valuation method to find Direxion Daily's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Direxion Daily where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Direxion Daily's related companies.
 Open High Low Close Volume
  20.77    21.36    20.62    21.26    24,876  
04/24/2024
  21.74    21.74    20.95    21.23    24,738  
  20.25    20.85    20.14    20.79    20,220  
Backtest Direxion Daily  |  Direxion Daily History  |  Direxion Daily Valuation   PreviousNext  
Open Value
21.74
21.23
Closing Value
28.26
Upside

Direxion Daily Trading Date Momentum on April 24, 2024

On April 25 2024 Direxion Daily Robotics was traded for  20.79  at the closing time. The top price for the day was 20.85  and the lowest listed price was  20.14 . The trading volume for the day was 20.2 K. The trading history from April 25, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 2.07% . The overall trading delta against the current closing price is 9.70% .

Direxion Daily Robotics Fundamentals Correlations and Trends

By evaluating Direxion Daily's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Direxion Daily's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Direxion financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Direxion Daily Etf history

Direxion Daily investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Direxion is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Direxion Daily Robotics will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Direxion Daily stock prices may prove useful in developing a viable investing in Direxion Daily
The fund normally invests at least 80 percent 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. Robotics Artificial is traded on NYSEARCA Exchange in the United States.

Direxion Daily Etf Technical Analysis

Direxion Daily technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of Direxion Daily technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Direxion Daily trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Direxion Daily Period Price Range

Low
December 11, 2024
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High

 0.00 

     

 0.00 

Direxion Daily Robotics cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Direxion Daily December 11, 2024 Market Strength

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 Robotics entry and exit signals to maximize returns

Direxion Daily Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Direxion Daily's price direction in advance. Along with the technical and fundamental analysis of Direxion Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Direxion to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Direxion Daily Robotics 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 Robotics Etf. Highlighted below are key reports to facilitate an investment decision about Direxion Daily Robotics Etf:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Daily Robotics. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of Direxion Daily Robotics 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.