Direxion Auspice Broad Etf Market Value
| COM Etf | USD 28.70 0.11 0.38% |
| Symbol | Direxion |
The market value of Direxion Auspice Broad 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 Auspice's value that differs from its market value or its book value, called intrinsic value, which is Direxion Auspice'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 Auspice's market value can be influenced by many factors that don't directly affect Direxion Auspice'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 Auspice's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Auspice is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Auspice'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.
Direxion Auspice 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Direxion Auspice's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Direxion Auspice.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Direxion Auspice on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Direxion Auspice Broad or generate 0.0% return on investment in Direxion Auspice over 30 days. Direxion Auspice is related to or competes with GraniteShares Bloomberg, Abrdn Bloomberg, IShares Bloomberg, Abrdn Bloomberg, and IShares GSCI. The index is a rules-based index that attempts to capture upward trends in the commodity markets while minimizing risk d... More
Direxion Auspice Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Direxion Auspice's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Direxion Auspice Broad upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 2.64 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.7062 |
Direxion Auspice Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Auspice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Direxion Auspice's standard deviation. In reality, there are many statistical measures that can use Direxion Auspice historical prices to predict the future Direxion Auspice's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.84) |
Direxion Auspice Broad Backtested Returns
Direxion Auspice Broad secures Sharpe Ratio (or Efficiency) of -0.0132, which denotes the etf had a -0.0132 % return per unit of risk over the last 3 months. Direxion Auspice Broad exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Direxion Auspice's Variance of 0.194, standard deviation of 0.4405, and Mean Deviation of 0.3263 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.0228, which means not very significant fluctuations relative to the market. As returns on the market increase, Direxion Auspice's returns are expected to increase less than the market. However, during the bear market, the loss of holding Direxion Auspice is expected to be smaller as well.
Auto-correlation | -0.63 |
Very good reverse predictability
Direxion Auspice Broad has very good reverse predictability. Overlapping area represents the amount of predictability between Direxion Auspice time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Direxion Auspice Broad price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Direxion Auspice price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Direxion Auspice Broad lagged returns against current returns
Autocorrelation, which is Direxion Auspice etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Direxion Auspice's etf expected returns. We can calculate the autocorrelation of Direxion Auspice returns to help us make a trade decision. For example, suppose you find that Direxion Auspice has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Direxion Auspice regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Direxion Auspice etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Direxion Auspice etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Direxion Auspice etf over time.
Current vs Lagged Prices |
| Timeline |
Direxion Auspice Lagged Returns
When evaluating Direxion Auspice's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Direxion Auspice etf have on its future price. Direxion Auspice autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Direxion Auspice autocorrelation shows the relationship between Direxion Auspice etf current value and its past values and can show if there is a momentum factor associated with investing in Direxion Auspice Broad.
Regressed Prices |
| Timeline |
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Direxion Auspice 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.