Direxion Work From Etf Price on September 13, 2024
| WFH Etf | USD 64.72 0.08 0.12% |
Below is the normalized historical share price chart for Direxion Work From extending back to June 25, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Direxion Work stands at 64.72, as last reported on the 1st of December, with the highest price reaching 64.72 and the lowest price hitting 64.72 during the day.
If you're considering investing in Direxion Etf, it is important to understand the factors that can impact its price. Direxion Work appears to be very steady, given 3 months investment horizon. Direxion Work From secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the etf had a 0.25% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Direxion Work From, which you can use to evaluate the volatility of the entity. Please utilize Direxion Work's Downside Deviation of 1.07, coefficient of variation of 479.71, and Mean Deviation of 0.7919 to check if our risk estimates are consistent with your expectations.
Direxion Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 22.84 | 200 Day MA 56.5093 | 1 y Volatility 15.24 | 50 Day MA 60.8358 | Inception Date 2020-06-25 |
Direxion |
Sharpe Ratio = 0.2471
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| Small Returns | WFH | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.01 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Direxion Work is performing at about 19% 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 Work by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 43.8 K |
Direxion Work Valuation on September 13, 2024
It is possible to determine the worth of Direxion Work on a given historical date. On September 13, 2024 Direxion was worth 56.1 at the beginning of the trading date compared to the closed value of 56.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Direxion Work etf. Still, in general, we apply an absolute valuation method to find Direxion Work'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 Work where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Direxion Work's related companies.
| Open | High | Low | Close | Volume | |
| 55.66 | 55.66 | 55.66 | 55.66 | 500.00 | |
09/13/2024 | 56.10 | 56.11 | 56.10 | 56.11 | 500.00 |
| 56.54 | 56.54 | 56.54 | 56.54 | 100.00 |
| Backtest Direxion Work | | | Direxion Work History | | | Direxion Work Valuation | Previous | Next |
Direxion Work Trading Date Momentum on September 13, 2024
| On September 16 2024 Direxion Work From was traded for 56.54 at the closing time. Highest Direxion Work's price during the trading hours was 56.54 and the lowest price during the day was 56.54 . The net volume was 100.0. The overall trading history on the 16th of September 2024 contributed to the next trading period price growth. The trading price change to the next next day price was 0.77% . The overall trading delta to current price is 2.62% . |
Direxion Work From Fundamentals Correlations and Trends
By evaluating Direxion Work'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 Work'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 Work Etf history
Direxion Work 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 Work From 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 Work stock prices may prove useful in developing a viable investing in Direxion Work
The fund, under normal circumstances, invests at least 80 percent of its assets in the securities that comprise the index or investments with economic characteristics similar to the securities included in the index. Work From is traded on NYSEARCA Exchange in the United States.
Direxion Work Etf Technical Analysis
Direxion Work 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 Work Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Direxion Work From 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 Work December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Direxion Work 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 Work shares will generate the highest return on investment. By undertsting and applying Direxion Work etf market strength indicators, traders can identify Direxion Work From entry and exit signals to maximize returns
Direxion Work Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Direxion Work'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 | 0.1621 | |||
| Jensen Alpha | 0.0777 | |||
| Total Risk Alpha | 0.0337 | |||
| Sortino Ratio | 0.0765 | |||
| Treynor Ratio | 0.2027 |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Direxion Work From. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of Direxion Work From 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 Work's value that differs from its market value or its book value, called intrinsic value, which is Direxion Work'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 Work's market value can be influenced by many factors that don't directly affect Direxion Work'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 Work's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Work is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Work'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.