Direxion Etf Price on May 6, 2024
| KLNE Etf | USD 6.28 0.06 0.95% |
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 stands at 6.28, as last reported on the 30th of December, with the highest price reaching 6.38 and the lowest price hitting 6.28 during the day. We have found twenty-nine technical indicators for Direxion, which you can use to evaluate the volatility of the entity. Please confirm Direxion's Mean Deviation of 2.08, downside deviation of 2.71, and Coefficient Of Variation of 2578.48 to check if the risk estimate we provide is consistent with the expected return of 0.0%.
Direxion Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Direxion |
Sharpe Ratio = 0.0
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Based on monthly moving average Direxion 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 by adding Direxion to a well-diversified portfolio.
Direxion Valuation on May 6, 2024
It is possible to determine the worth of Direxion on a given historical date. On May 6, 2024 Direxion was worth 6.68 at the beginning of the trading date compared to the closed value of 6.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Direxion etf. Still, in general, we apply an absolute valuation method to find Direxion'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 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Direxion's related companies.
| Open | High | Low | Close | Volume | |
| 6.53 | 6.62 | 6.50 | 6.57 | 20,300 | |
05/06/2024 | 6.68 | 6.78 | 6.59 | 6.71 | 6,100 |
| 6.69 | 6.69 | 6.64 | 6.68 | 2,900 |
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Direxion Trading Date Momentum on May 6, 2024
| On May 07 2024 Direxion was traded for 6.68 at the closing time. The top price for the day was 6.69 and the lowest listed price was 6.64 . The trading volume for the day was 2.9 K. The trading history from May 7, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.45% . The overall trading delta against the current closing price is 4.47% . |
Direxion Fundamentals Correlations and Trends
By evaluating Direxion'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'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 Etf history
Direxion 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 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 stock prices may prove useful in developing a viable investing in Direxion
The index is designed to track the performance of companies from developed markets whose economic fortunes are tied to the global clean energy business. Direxion Daily is traded on NYSEARCA Exchange in the United States.
Direxion Etf Technical Analysis
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.
Price Boundaries
Direxion Period Price Range
Low | December 30, 2024
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0.00 | 0.00 |
Direxion cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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 December 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Direxion 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 will generate the highest return on investment. By undertsting and applying Direxion etf market strength indicators, traders can identify Direxion entry and exit signals to maximize returns
Direxion Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Direxion'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 | 0.038 | |||
| Jensen Alpha | 0.0904 | |||
| Total Risk Alpha | 0.0198 | |||
| Sortino Ratio | 0.0271 | |||
| Treynor Ratio | 0.4026 |
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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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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.