Direxion Daily Sp Etf Technical Analysis
| HIBL Etf | USD 49.51 0.36 0.73% |
As of the 11th of December 2024, Direxion Daily shows the Mean Deviation of 2.74, downside deviation of 3.35, and Coefficient Of Variation of 557.75. Direxion Daily SP technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices. Please confirm Direxion Daily SP variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Direxion Daily SP is priced favorably, providing market reflects its regular price of 49.51 per share.
Direxion Daily Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Direxion, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DirexionDirexion |
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.
Direxion Daily SP Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Direxion Daily SP volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Direxion Daily SP Trend Analysis
Use this graph to draw trend lines for Direxion Daily SP. You can use it to identify possible trend reversals for Direxion Daily as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Direxion Daily price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Direxion Daily Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Direxion Daily SP applied against its price change over selected period. The best fit line has a slop of 0.12 , which means Direxion Daily SP will continue generating value for investors. It has 122 observation points and a regression sum of squares at 505.67, which is the sum of squared deviations for the predicted Direxion Daily price change compared to its average price change.About Direxion Daily Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Direxion Daily SP on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Direxion Daily SP based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Direxion Daily SP price pattern first instead of the macroeconomic environment surrounding Direxion Daily SP. By analyzing Direxion Daily's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Direxion Daily's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Direxion Daily specific price patterns or momentum indicators. Please read more on our technical analysis page.
Direxion Daily December 11, 2024 Technical Indicators
Most technical analysis of Direxion help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Direxion from various momentum indicators to cycle indicators. When you analyze Direxion charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1374 | |||
| Market Risk Adjusted Performance | 0.1908 | |||
| Mean Deviation | 2.74 | |||
| Semi Deviation | 3.13 | |||
| Downside Deviation | 3.35 | |||
| Coefficient Of Variation | 557.75 | |||
| Standard Deviation | 3.45 | |||
| Variance | 11.87 | |||
| Information Ratio | 0.1432 | |||
| Jensen Alpha | 0.2232 | |||
| Total Risk Alpha | 0.0619 | |||
| Sortino Ratio | 0.1474 | |||
| Treynor Ratio | 0.1808 | |||
| Maximum Drawdown | 15.62 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 5.75 | |||
| Downside Variance | 11.21 | |||
| Semi Variance | 9.8 | |||
| Expected Short fall | (3.06) | |||
| Skewness | (0.12) | |||
| Kurtosis | (0.11) |
Direxion Daily SP One Year Return
Based on the recorded statements, Direxion Daily SP has an One Year Return of 55%. This is 512.29% lower than that of the Direxion Funds family and notably lower than that of the Trading--Leveraged Equity category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
The market value of Direxion Daily SP 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.