Direxion All Etf Forecast - Naive Prediction
| KNOW Etf | USD 11.28 0.08 0.71% |
The Naive Prediction forecasted value of Direxion All Cap on the next trading day is expected to be 11.17 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.77. Direxion Etf Forecast is based on your current time horizon.
Direxion |
Direxion All Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of Direxion All Cap on the next trading day is expected to be 11.17 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.77.Please note that although there have been many attempts to predict Direxion Etf prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Direxion All's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Direxion All Etf Forecast Pattern
| Backtest Direxion All | Direxion All Price Prediction | Buy or Sell Advice |
Direxion All Forecasted Value
In the context of forecasting Direxion All's Etf value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Direxion All's downside and upside margins for the forecasting period are 10.52 and 11.82, respectively. We have considered Direxion All's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Direxion All etf data series using in forecasting. Note that when a statistical model is used to represent Direxion All etf, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 115.1961 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.077 |
| MAPE | Mean absolute percentage error | 0.0071 |
| SAE | Sum of the absolute errors | 4.7731 |
Predictive Modules for Direxion All
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Direxion All Cap. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Direxion All
For every potential investor in Direxion, whether a beginner or expert, Direxion All's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Direxion Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Direxion. Basic forecasting techniques help filter out the noise by identifying Direxion All's price trends.Direxion All Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Direxion All etf to make a market-neutral strategy. Peer analysis of Direxion All could also be used in its relative valuation, which is a method of valuing Direxion All by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Direxion All Cap Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Direxion All's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Direxion All's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Direxion All Market Strength Events
Market strength indicators help investors to evaluate how Direxion All etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Direxion All shares will generate the highest return on investment. By undertsting and applying Direxion All etf market strength indicators, traders can identify Direxion All Cap entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 11.28 | |||
| Day Typical Price | 11.28 | |||
| Price Action Indicator | 0.04 | |||
| Period Momentum Indicator | 0.08 |
Direxion All Risk Indicators
The analysis of Direxion All's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Direxion All's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting direxion etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.4835 | |||
| Semi Deviation | 0.4329 | |||
| Standard Deviation | 0.6605 | |||
| Variance | 0.4363 | |||
| Downside Variance | 0.3378 | |||
| Semi Variance | 0.1874 | |||
| Expected Short fall | (0.62) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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.When determining whether Direxion All Cap is a strong investment it is important to analyze Direxion All's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Direxion All's future performance. For an informed investment choice regarding Direxion Etf, refer to the following important reports:Check out Historical Fundamental Analysis of Direxion All to cross-verify your projections. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
The market value of Direxion All Cap 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 All's value that differs from its market value or its book value, called intrinsic value, which is Direxion All'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 All's market value can be influenced by many factors that don't directly affect Direxion All'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 All's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion All is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion All'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.