Direxion Shares Etf Forecast - Relative Strength Index
| QQQU Etf | 49.07 0.90 1.87% |
Direxion Etf Forecast is based on your current time horizon.
Direxion |
| Check Direxion Shares Volatility | Backtest Direxion Shares | Trend Details |
Direxion Shares Trading Date Momentum
| On December 02 2024 Direxion Shares ETF was traded for 44.27 at the closing time. The top price for the day was 44.41 and the lowest listed price was 43.11 . The trading volume for the day was 88.8 K. The trading history from December 2, 2024 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 3.73% . The overall trading delta against the current closing price is 5.44% . |
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Other Forecasting Options for Direxion Shares
For every potential investor in Direxion, whether a beginner or expert, Direxion Shares' 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 Shares' price trends.Direxion Shares 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 Shares etf to make a market-neutral strategy. Peer analysis of Direxion Shares could also be used in its relative valuation, which is a method of valuing Direxion Shares by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Direxion Shares ETF 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 Shares' 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 Shares' current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Volume Indicators |
Direxion Shares Market Strength Events
Market strength indicators help investors to evaluate how Direxion Shares 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 Shares shares will generate the highest return on investment. By undertsting and applying Direxion Shares etf market strength indicators, traders can identify Direxion Shares ETF entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0326 | |||
| Daily Balance Of Power | 0.5488 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 49.52 | |||
| Day Typical Price | 49.37 | |||
| Market Facilitation Index | 1.64 | |||
| Period Momentum Indicator | 0.9 |
Direxion Shares Risk Indicators
The analysis of Direxion Shares' 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 Shares' 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 | 1.92 | |||
| Semi Deviation | 1.8 | |||
| Standard Deviation | 2.58 | |||
| Variance | 6.65 | |||
| Downside Variance | 5.33 | |||
| Semi Variance | 3.23 | |||
| Expected Short fall | (2.23) |
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.
Thematic Opportunities
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Check out Historical Fundamental Analysis of Direxion Shares to cross-verify your projections. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
The market value of Direxion Shares ETF 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 Shares' value that differs from its market value or its book value, called intrinsic value, which is Direxion Shares' 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 Shares' market value can be influenced by many factors that don't directly affect Direxion Shares' 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 Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Shares' 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.