Direxion Daily N Etf Market Value
| CONX Etf | USD 15.34 0.48 3.03% |
| Symbol | Direxion |
The market value of Direxion Daily N 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.
Direxion Daily '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 Daily'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 Daily.
| 10/28/2025 |
| 01/26/2026 |
If you would invest 0.00 in Direxion Daily on October 28, 2025 and sell it all today you would earn a total of 0.00 from holding Direxion Daily N or generate 0.0% return on investment in Direxion Daily over 90 days. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or... More
Direxion Daily 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 Daily'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 Daily N upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 28.8 | |||
| Value At Risk | (12.82) | |||
| Potential Upside | 10.13 |
Direxion Daily Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Daily's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Direxion Daily's standard deviation. In reality, there are many statistical measures that can use Direxion Daily historical prices to predict the future Direxion Daily's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.97) | |||
| Total Risk Alpha | (1.42) | |||
| Treynor Ratio | (0.34) |
Direxion Daily January 26, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.33) | |||
| Mean Deviation | 4.83 | |||
| Coefficient Of Variation | (822.21) | |||
| Standard Deviation | 6.47 | |||
| Variance | 41.87 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.97) | |||
| Total Risk Alpha | (1.42) | |||
| Treynor Ratio | (0.34) | |||
| Maximum Drawdown | 28.8 | |||
| Value At Risk | (12.82) | |||
| Potential Upside | 10.13 | |||
| Skewness | 0.2454 | |||
| Kurtosis | 0.5665 |
Direxion Daily N Backtested Returns
Direxion Daily N secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the etf had a -0.12 % return per unit of risk over the last 3 months. Direxion Daily N exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Direxion Daily's Mean Deviation of 4.83, variance of 41.87, and Standard Deviation of 6.47 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 2.38, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Direxion Daily will likely underperform.
Auto-correlation | -0.44 |
Modest reverse predictability
Direxion Daily N has modest reverse predictability. Overlapping area represents the amount of predictability between Direxion Daily time series from 28th of October 2025 to 12th of December 2025 and 12th of December 2025 to 26th of January 2026. 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 Daily N price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Direxion Daily price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 2.89 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Direxion Daily N offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Direxion Daily's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Direxion Daily N Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Daily N Etf:Check out Direxion Daily Correlation, Direxion Daily Volatility and Direxion Daily Alpha and Beta module to complement your research on Direxion Daily. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Direxion Daily 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.