Direxion Shares Etf Price on November 11, 2024
| TSLL Etf | USD 21.36 1.44 7.23% |
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 21.36, as last reported on the 29th of November, with the highest price reaching 21.39 and the lowest price hitting 20.13 during the day. Direxion Shares is slightly risky given 3 months investment horizon. Direxion Shares ETF secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the etf had a 0.17% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.62% are justified by taking the suggested risk. Use Direxion Shares Downside Deviation of 6.48, coefficient of variation of 591.75, and Mean Deviation of 6.2 to evaluate company specific risk that cannot be diversified away.
Direxion Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Direxion |
Sharpe Ratio = 0.1719
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | TSLL | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 9.44 actual daily | 84 84% of assets are less volatile |
Expected Return
| 1.62 actual daily | 32 68% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Direxion Shares is performing at about 13% 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 Shares by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 802 K | Market Capitalisation {Big=0, Small=0, Mega=17.3008, Medium=0, Micro=0} |
Direxion Shares Valuation on November 11, 2024
It is possible to determine the worth of Direxion Shares on a given historical date. On November 11, 2024 Direxion was worth 22.06 at the beginning of the trading date compared to the closed value of 22.5. 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 | |
| 16.65 | 19.88 | 16.46 | 19.06 | 185,436,440 | |
11/11/2024 | 22.06 | 23.50 | 20.80 | 22.50 | 177,631,241 |
| 21.50 | 21.92 | 19.06 | 19.71 | 138,569,351 |
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Direxion Shares Trading Date Momentum on November 11, 2024
| On November 12 2024 Direxion Shares ETF was traded for 19.71 at the closing time. The top price for the day was 21.92 and the lowest listed price was 19.06 . The trading volume for the day was 138.6 M. The trading history from November 12, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 12.40% . The overall trading delta against the current closing price is 5.07% . |
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 fund, under normal circumstances, invests at least 80 percent of its net assets in the securities of TSLA and financial instruments, such as swap agreements and options, that provide leveraged exposure to TSLA. Direxion Daily is traded on NASDAQ Exchange in the United States.
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 | November 29, 2024
| High |
0.00 | 0.00 |
Direxion Shares ETF 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 Shares November 29, 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 | 0.1387 | |||
| Jensen Alpha | 1.06 | |||
| Total Risk Alpha | 0.1612 | |||
| Sortino Ratio | 0.2231 | |||
| Treynor Ratio | 0.3579 |
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| Volume Indicators |
Check out World Market Map 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 bureau of economic analysis. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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.