Direxion Auspice Broad Etf Price on July 9, 2024
| COM Etf | USD 28.90 0.09 0.31% |
If you're considering investing in Direxion Etf, it is important to understand the factors that can impact its price. As of today, the current price of Direxion Auspice stands at 28.90, as last reported on the 23rd of November, with the highest price reaching 28.91 and the lowest price hitting 28.82 during the day. As of now, Direxion Etf is very steady. Direxion Auspice Broad secures Sharpe Ratio (or Efficiency) of 0.064, which denotes the etf had a 0.064% return per unit of risk over the last 3 months. We have found thirty technical indicators for Direxion Auspice Broad, which you can use to evaluate the volatility of the entity. Please confirm Direxion Auspice's Downside Deviation of 0.3234, coefficient of variation of 1561.66, and Mean Deviation of 0.2441 to check if the risk estimate we provide is consistent with the expected return of 0.0198%.
Direxion Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Direxion |
Sharpe Ratio = 0.064
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| Negative Returns | COM |
Estimated Market Risk
| 0.31 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 5 95% of assets perform better |
Based on monthly moving average Direxion Auspice is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Direxion Auspice by adding it to a well-diversified portfolio.
Direxion Auspice Valuation on July 9, 2024
It is possible to determine the worth of Direxion Auspice on a given historical date. On July 9, 2024 Direxion was worth 28.9 at the beginning of the trading date compared to the closed value of 28.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Direxion Auspice etf. Still, in general, we apply an absolute valuation method to find Direxion Auspice's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Direxion Auspice where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Direxion Auspice's related companies.
| Open | High | Low | Close | Volume | |
| 28.99 | 29.03 | 28.89 | 28.93 | 26,998 | |
07/09/2024 | 28.90 | 28.96 | 28.85 | 28.86 | 23,179 |
| 28.86 | 28.92 | 28.83 | 28.87 | 25,975 |
| Backtest Direxion Auspice | | | Direxion Auspice History | | | Direxion Auspice Valuation | Previous | Next |
Direxion Auspice Trading Date Momentum on July 9, 2024
| On July 10 2024 Direxion Auspice Broad was traded for 28.87 at the closing time. Highest Direxion Auspice's price during the trading hours was 28.92 and the lowest price during the day was 28.83 . The net volume was 26 K. The overall trading history on the 10th of July contributed to the next trading period price boost. The overall trading delta to the next next day price was 0.03% . The overall trading delta to current price is 1.28% . |
Direxion Auspice Broad Fundamentals Correlations and Trends
By evaluating Direxion Auspice's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Direxion Auspice's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Direxion financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Direxion Auspice Etf history
Direxion Auspice investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Direxion is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Direxion Auspice Broad will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Direxion Auspice stock prices may prove useful in developing a viable investing in Direxion Auspice
The index is a rules-based index that attempts to capture upward trends in the commodity markets while minimizing risk during downtrends by tracking a portfolio of commodity futures contracts. Auspice Broad is traded on NYSEARCA Exchange in the United States.
Direxion Auspice Etf Technical Analysis
Direxion Auspice 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.
Price Boundaries
Direxion Auspice Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Direxion Auspice Broad cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Direxion Auspice November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Direxion Auspice 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 Auspice shares will generate the highest return on investment. By undertsting and applying Direxion Auspice etf market strength indicators, traders can identify Direxion Auspice Broad entry and exit signals to maximize returns
Direxion Auspice Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Direxion Auspice's price direction in advance. Along with the technical and fundamental analysis of Direxion Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Direxion to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0342 | |||
| Jensen Alpha | 0.0038 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | 0.1978 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Direxion Auspice Broad. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
The market value of Direxion Auspice Broad 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 Auspice's value that differs from its market value or its book value, called intrinsic value, which is Direxion Auspice'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 Auspice's market value can be influenced by many factors that don't directly affect Direxion Auspice'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 Auspice's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Auspice is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Auspice'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.