Direxion Shares (Mexico) Price on November 25, 2024
| EDZ Etf | MXN 177.00 2.00 1.12% |
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 Shares stands at 177.00, as last reported on the 2nd of December, with the highest price reaching 182.00 and the lowest price hitting 177.00 during the day. At this stage we consider Direxion Etf to be very steady. Direxion Shares ETF secures Sharpe Ratio (or Efficiency) of 0.005, which denotes the etf had a 0.005% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Direxion Shares ETF, which you can use to evaluate the volatility of the entity. Please confirm Direxion Shares' Mean Deviation of 2.89, coefficient of variation of 2546.92, and Downside Deviation of 4.3 to check if the risk estimate we provide is consistent with the expected return of 0.0202%.
Direxion Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Direxion |
Sharpe Ratio = 0.005
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| Negative Returns | EDZ |
Estimated Market Risk
| 4.02 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Direxion Shares is not performing at its full potential. However, 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 Shares by adding Direxion Shares to a well-diversified portfolio.
Direxion Shares Valuation on November 25, 2024
It is possible to determine the worth of Direxion Shares on a given historical date. On November 25, 2024 Direxion was worth 176.97 at the beginning of the trading date compared to the closed value of 177.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Direxion Shares etf. Still, in general, we apply an absolute valuation method to find Direxion Shares' 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 Shares where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Direxion Shares' related companies.
| Open | High | Low | Close | Volume | |
| 180.00 | 180.00 | 178.20 | 178.50 | 166.00 | |
11/25/2024 | 176.97 | 177.00 | 176.97 | 177.00 | 40.00 |
| 179.70 | 182.00 | 179.70 | 181.00 | 772.00 |
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Direxion Shares Trading Date Momentum on November 25, 2024
| On November 26 2024 Direxion Shares ETF was traded for 181.00 at the closing time. The maximum traded price for the trading interval was 182.00 and the lowest daily price was 179.70 . The daily volume was recorded at 772. The volume of trading on 26th of November 2024 played a part in the next trading day price jump. The overall trading delta to the next closing price was 2.26% . The overall trading delta to the closing price today is 2.26% . |
Direxion Shares ETF Fundamentals Correlations and Trends
By evaluating Direxion Shares' 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 Shares' 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 Shares Etf history
Direxion Shares 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 Shares ETF 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 Shares stock prices may prove useful in developing a viable investing in Direxion Shares
The investment seeks daily investment results, before fees and expenses, of 300 percent of the inverse of the daily performance of the MSCI Emerging Markets IndexSM. DIREXION SHARES is traded on Mexico Stock Exchange in Mexico.
Direxion Shares Etf Technical Analysis
Direxion Shares 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 Shares Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Direxion Shares ETF cannot be verified against its exchange. Please verify the symbol is currently traded on Mexican 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 Shares December 2, 2024 Market Strength
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
Direxion Shares Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Direxion Shares' 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 | 0.0381 | |||
| Jensen Alpha | 0.1617 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.0043 | |||
| Treynor Ratio | (1.20) |
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Additional Information and Resources on Investing in Direxion Etf
When determining whether Direxion Shares ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Direxion Shares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Direxion Shares Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Shares Etf:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Shares ETF. 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 Stocks Directory module to find actively traded stocks across global markets.