Direxion All Cap Etf Market Value
| KNOW Etf | USD 11.28 0.08 0.71% |
| Symbol | Direxion |
The market value of Direxion All Cap 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 All's value that differs from its market value or its book value, called intrinsic value, which is Direxion All'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 All's market value can be influenced by many factors that don't directly affect Direxion All'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 All's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion All is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion All'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 All '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 All'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 All.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Direxion All on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Direxion All Cap or generate 0.0% return on investment in Direxion All over 300 days. Direxion All is related to or competes with Ocean Park, Northern Lights, Northern Lights, Pinnacle Focused, FundX Investment, WisdomTree Efficient, and Northern Lights. The investment seeks investment results before fees and expenses that track the SP Composite 1500 Executive Activity Ana... More
Direxion All 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 All'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 All Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5812 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.46 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 1.21 |
Direxion All Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion All's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Direxion All's standard deviation. In reality, there are many statistical measures that can use Direxion All historical prices to predict the future Direxion All's volatility.| Risk Adjusted Performance | 0.1024 | |||
| Jensen Alpha | 0.0717 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 1.15 |
Direxion All Cap Backtested Returns
At this stage we consider Direxion Etf to be very steady. Direxion All Cap secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the etf had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Direxion All Cap, which you can use to evaluate the volatility of the entity. Please confirm Direxion All's Downside Deviation of 0.5812, mean deviation of 0.4835, and Coefficient Of Variation of 734.73 to check if the risk estimate we provide is consistent with the expected return of 0.0859%. The etf shows a Beta (market volatility) of 0.0694, which means not very significant fluctuations relative to the market. As returns on the market increase, Direxion All's returns are expected to increase less than the market. However, during the bear market, the loss of holding Direxion All is expected to be smaller as well.
Auto-correlation | 0.13 |
Insignificant predictability
Direxion All Cap has insignificant predictability. Overlapping area represents the amount of predictability between Direxion All time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 All Cap price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Direxion All price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Direxion All Cap lagged returns against current returns
Autocorrelation, which is Direxion All 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 All's etf expected returns. We can calculate the autocorrelation of Direxion All returns to help us make a trade decision. For example, suppose you find that Direxion All 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 All 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 All etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Direxion All etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Direxion All etf over time.
Current vs Lagged Prices |
| Timeline |
Direxion All Lagged Returns
When evaluating Direxion All's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Direxion All etf have on its future price. Direxion All 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 All autocorrelation shows the relationship between Direxion All etf current value and its past values and can show if there is a momentum factor associated with investing in Direxion All Cap.
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.When determining whether Direxion All Cap is a strong investment it is important to analyze Direxion All's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Direxion All's future performance. For an informed investment choice regarding Direxion Etf, refer to the following important reports:Check out Direxion All Correlation, Direxion All Volatility and Direxion All Alpha and Beta module to complement your research on Direxion All. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Direxion All 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.