Direxion Hilton Tactical Fund Market Value
| HCYIX Fund | USD 18.14 0.08 0.44% |
| Symbol | Direxion |
Direxion Hilton '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 Hilton'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 Hilton.
| 01/12/2022 |
| 12/27/2024 |
If you would invest 0.00 in Direxion Hilton on January 12, 2022 and sell it all today you would earn a total of 0.00 from holding Direxion Hilton Tactical or generate 0.0% return on investment in Direxion Hilton over 1080 days. Direxion Hilton is related to or competes with Boston Trust, Direxion Monthly, and Dunham Monthly. The fund utilizes a disciplined approach to balancing fixed income investments with historically higher income producing... More
Direxion Hilton 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 Hilton'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 Hilton Tactical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4317 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 2.2 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.5522 |
Direxion Hilton Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Hilton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Direxion Hilton's standard deviation. In reality, there are many statistical measures that can use Direxion Hilton historical prices to predict the future Direxion Hilton's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.7592 |
Direxion Hilton Tactical Backtested Returns
Direxion Hilton Tactical secures Sharpe Ratio (or Efficiency) of -0.0154, which denotes the fund had a -0.0154% return per unit of risk over the last 3 months. Direxion Hilton Tactical exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Direxion Hilton's Coefficient Of Variation of 58811.82, mean deviation of 0.2415, and Downside Deviation of 0.4317 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0124, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Direxion Hilton are expected to decrease at a much lower rate. During the bear market, Direxion Hilton is likely to outperform the market.
Auto-correlation | 0.69 |
Good predictability
Direxion Hilton Tactical has good predictability. Overlapping area represents the amount of predictability between Direxion Hilton time series from 12th of January 2022 to 6th of July 2023 and 6th of July 2023 to 27th 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 Hilton Tactical price movement. The serial correlation of 0.69 indicates that around 69.0% of current Direxion Hilton price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Direxion Hilton Tactical lagged returns against current returns
Autocorrelation, which is Direxion Hilton 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 Hilton's mutual fund expected returns. We can calculate the autocorrelation of Direxion Hilton returns to help us make a trade decision. For example, suppose you find that Direxion Hilton 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 Hilton 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 Hilton mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Direxion Hilton 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 Hilton mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Direxion Hilton Lagged Returns
When evaluating Direxion Hilton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Direxion Hilton mutual fund have on its future price. Direxion Hilton 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 Hilton autocorrelation shows the relationship between Direxion Hilton mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Direxion Hilton Tactical.
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 Hilton 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 Hilton security.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |