| SOXL Etf | | | USD 27.06 2.17 7.42% |
Direxion Daily kurtosis technical analysis lookup allows you to check this and other technical indicators for Direxion Daily Semiconductor or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Direxion Daily Semiconductor has current Kurtosis of 0.823. Kurtosis is a measure of the return distribution. In a similar way to the concept of skewness, kurtosis is a descriptor of the shape of a return distribution. There are various interpretations of kurtosis, and of how particular measures should be interpreted; these are primarily peakedness (width of peak), tail weight, and lack of shoulders (distribution primarily peak and tails, not in between).
Direxion Daily Kurtosis Peers Comparison
Direxion Kurtosis Relative To Other Indicators
Direxion Daily Semiconductor is rated
fourth largest ETF in kurtosis as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about
35.47 of Maximum Drawdown per Kurtosis. The ratio of Maximum Drawdown to Kurtosis for Direxion Daily Semiconductor is roughly
35.47 A high kurtosis typically shows a distribution of returns with fat tails, whereas a low kurtosis portrays a distribution with skinny tails or a distribution concentrated toward the mean.
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