Direxion Monthly Small Fund Market Value
| DXRLX Fund | USD 100.63 0.58 0.58% |
| Symbol | Direxion |
Direxion Monthly 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Direxion Monthly's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Direxion Monthly.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Direxion Monthly on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Direxion Monthly Small or generate 0.0% return on investment in Direxion Monthly over 360 days. Direxion Monthly is related to or competes with Direxion Monthly, Direxion Monthly, Direxion Monthly, Direxion Monthly, and Direxion Monthly. The fund invests at least 80 percent of its net assets in securities of the index, exchange-traded funds that track the ... More
Direxion Monthly Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Direxion Monthly's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Direxion Monthly Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.0653 | |||
| Maximum Drawdown | 12.87 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 3.66 |
Direxion Monthly Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Monthly's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Direxion Monthly's standard deviation. In reality, there are many statistical measures that can use Direxion Monthly historical prices to predict the future Direxion Monthly's volatility.| Risk Adjusted Performance | 0.1033 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.074 | |||
| Treynor Ratio | 0.1062 |
Direxion Monthly Small Backtested Returns
Direxion Monthly appears to be very steady, given 3 months investment horizon. Direxion Monthly Small secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Direxion Monthly Small, which you can use to evaluate the volatility of the entity. Please utilize Direxion Monthly's Mean Deviation of 1.58, downside deviation of 1.98, and Coefficient Of Variation of 790.13 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 2.58, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Direxion Monthly will likely underperform.
Auto-correlation | 0.25 |
Poor predictability
Direxion Monthly Small has poor predictability. Overlapping area represents the amount of predictability between Direxion Monthly time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Direxion Monthly Small price movement. The serial correlation of 0.25 indicates that over 25.0% of current Direxion Monthly price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 45.19 |
Direxion Monthly Small lagged returns against current returns
Autocorrelation, which is Direxion Monthly mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Direxion Monthly's mutual fund expected returns. We can calculate the autocorrelation of Direxion Monthly returns to help us make a trade decision. For example, suppose you find that Direxion Monthly has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Direxion Monthly regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Direxion Monthly mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Direxion Monthly mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Direxion Monthly mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Direxion Monthly Lagged Returns
When evaluating Direxion Monthly's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Direxion Monthly mutual fund have on its future price. Direxion Monthly autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Direxion Monthly autocorrelation shows the relationship between Direxion Monthly mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Direxion Monthly Small.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Direxion Mutual Fund
Direxion Monthly financial ratios help investors to determine whether Direxion Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Direxion with respect to the benefits of owning Direxion Monthly security.
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |