Direxion Monthly 7 10 Fund Market Value
| DXKSX Fund | USD 28.65 0.19 0.66% |
| Symbol | Direxion |
Direxion Monthly '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 Monthly's mutual fund 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 Monthly.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Direxion Monthly on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Direxion Monthly 7 10 or generate 0.0% return on investment in Direxion Monthly over 30 days. Direxion Monthly is related to or competes with Qs Us, Dodge Cox, Touchstone Large, and Fidelity Series. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that provide inve... More
Direxion Monthly 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 Monthly's mutual fund 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 Monthly 7 10 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6888 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.66 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.14 |
Direxion Monthly Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Monthly's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Direxion Monthly's standard deviation. In reality, there are many statistical measures that can use Direxion Monthly historical prices to predict the future Direxion Monthly's volatility.| Risk Adjusted Performance | 0.1155 | |||
| Jensen Alpha | 0.1085 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.66) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Direxion Monthly's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Direxion Monthly 7 Backtested Returns
At this stage we consider Direxion Mutual Fund to be very steady. Direxion Monthly 7 secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Direxion Monthly 7 10, which you can use to evaluate the volatility of the entity. Please confirm Direxion Monthly's Coefficient Of Variation of 652.64, downside deviation of 0.6888, and Mean Deviation of 0.4813 to check if the risk estimate we provide is consistent with the expected return of 0.1%. The fund shows a Beta (market volatility) of -0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Direxion Monthly are expected to decrease at a much lower rate. During the bear market, Direxion Monthly is likely to outperform the market.
Auto-correlation | -0.65 |
Very good reverse predictability
Direxion Monthly 7 10 has very good reverse predictability. Overlapping area represents the amount of predictability between Direxion Monthly time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. 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 Monthly 7 price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Direxion Monthly price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Direxion Monthly 7 lagged returns against current returns
Autocorrelation, which is Direxion Monthly mutual fund'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 Monthly's mutual fund expected returns. We can calculate the autocorrelation of Direxion Monthly returns to help us make a trade decision. For example, suppose you find that Direxion Monthly has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Monthly 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 Monthly mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Direxion Monthly mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Direxion Monthly mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Direxion Monthly Lagged Returns
When evaluating Direxion Monthly's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Direxion Monthly mutual fund have on its future price. Direxion Monthly 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 Monthly autocorrelation shows the relationship between Direxion Monthly mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Direxion Monthly 7 10.
Regressed Prices |
| Timeline |
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.Other Information on Investing in Direxion Mutual Fund
Direxion Monthly financial ratios help investors to determine whether Direxion Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Direxion with respect to the benefits of owning Direxion Monthly security.
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