Direxion Etf Technical Analysis
| MNM Etf | USD 29.16 0.00 0.00% |
As of the 17th of December 2024, Direxion shows the Mean Deviation of 2.63, standard deviation of 3.37, and Variance of 11.34. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of Direxion, as well as the relationship between them. Please confirm Direxion market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Direxion is priced favorably, providing market reflects its regular price of 29.16 per share.
Direxion 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 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 Technical Analysis
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Direxion Trend Analysis
Use this graph to draw trend lines for Direxion. You can use it to identify possible trend reversals for Direxion 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 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Direxion Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Direxion applied against its price change over selected period. The best fit line has a slop of 0.16 , which may imply that the returns on investment in Direxion will continue to fail. It has 122 observation points and a regression sum of squares at 910.52, which is the sum of squared deviations for the predicted Direxion price change compared to its average price change.About Direxion 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 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 based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Direxion price pattern first instead of the macroeconomic environment surrounding Direxion. By analyzing Direxion'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'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 specific price patterns or momentum indicators. Please read more on our technical analysis page.
Direxion December 17, 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 | (0.07) | |||
| Market Risk Adjusted Performance | (0.40) | |||
| Mean Deviation | 2.63 | |||
| Coefficient Of Variation | (885.10) | |||
| Standard Deviation | 3.37 | |||
| Variance | 11.34 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.41) | |||
| Maximum Drawdown | 17.74 | |||
| Value At Risk | (5.85) | |||
| Potential Upside | 4.19 | |||
| Skewness | (0.85) | |||
| Kurtosis | 1.29 |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. 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 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's value that differs from its market value or its book value, called intrinsic value, which is Direxion'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's market value can be influenced by many factors that don't directly affect Direxion'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion'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.