Direxion Daily AMZN Bull 2X Shares Share Price Pass Above 50-Day Moving Average Time to Sell?
| AMZU Etf | USD 45.52 0.43 0.94% |
Slightly above 62% of Direxion Daily's investor base is looking to short. The current sentiment regarding investing in Direxion Daily AMZN etf implies that many traders are alarmed. Direxion Daily's investing sentiment can be driven by a variety of factors including economic data, Direxion Daily's earnings reports, geopolitical events, and overall market trends.
Direxion |
Direxion Daily AMZN Bull 2X Shares s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of 34.43 and traded as high as 37.44. Direxion Daily AMZN Bull 2X Shares shares last traded at 35.69, with a volume
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Direxion Daily Fundamental Analysis
We analyze Direxion Daily's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Direxion Daily using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Direxion Daily based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Equity Positions Weight
Equity Positions Weight Comparative Analysis
Direxion Daily is currently under evaluation in equity positions weight as compared to similar ETFs. Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Direxion Daily AMZN Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Direxion Daily etf to make a market-neutral strategy. Peer analysis of Direxion Daily could also be used in its relative valuation, which is a method of valuing Direxion Daily by comparing valuation metrics with similar companies.
Peers
Direxion Daily Related Equities
| UYG | ProShares Ultra | 0.12 |
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| FNGU | MicroSectors FANG | 0.54 |
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| SSO | ProShares Ultra | 0.60 |
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| QLD | ProShares Ultra | 0.73 |
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| SPXL | Direxion Daily | 0.90 |
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| UPRO | ProShares UltraPro | 0.94 |
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| GUSH | Direxion Daily | 1.34 |
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| LABU | Direxion Daily | 2.47 |
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| TECL | Direxion Daily | 4.26 |
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Check out Direxion Daily Hype Analysis, Direxion Daily Correlation and Direxion Daily Performance. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
The market value of Direxion Daily AMZN 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 Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily'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 Daily's market value can be influenced by many factors that don't directly affect Direxion Daily'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 Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily'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.