Direxion Daily Sp Etf Market Value
| LABD Etf | USD 17.68 0.18 1.03% |
| Symbol | Direxion |
Direxion Daily SP's market price often diverges from its book value, the accounting figure shown on Direxion's balance sheet. Smart investors calculate Direxion Daily's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Direxion Daily's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Understanding that Direxion Daily's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Direxion Daily represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. 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.
| 12/01/2025 |
| 03/01/2026 |
If you would invest 0.00 in Direxion Daily on December 1, 2025 and sell it all today you would earn a total of 0.00 from holding Direxion Daily SP or generate 0.0% return on investment in Direxion Daily over 90 days. Direxion Daily is related to or competes with Direxion Daily, Build Funds, TCW Transform, SPDR SP, Invesco NASDAQ, Tidal ETF, and IShares Energy. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial ... 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 SP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 22.81 | |||
| Value At Risk | (8.46) | |||
| Potential Upside | 6.14 |
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 | (0.06) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 0.1888 |
Direxion Daily March 1, 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 | (0.06) | |||
| Market Risk Adjusted Performance | 0.1988 | |||
| Mean Deviation | 3.74 | |||
| Coefficient Of Variation | (1,189) | |||
| Standard Deviation | 4.72 | |||
| Variance | 22.27 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 0.1888 | |||
| Maximum Drawdown | 22.81 | |||
| Value At Risk | (8.46) | |||
| Potential Upside | 6.14 | |||
| Skewness | (0.17) | |||
| Kurtosis | (0.18) |
Direxion Daily SP Backtested Returns
Direxion Daily SP secures Sharpe Ratio (or Efficiency) of -0.0627, which denotes the etf had a -0.0627 % return per unit of risk over the last 3 months. Direxion Daily SP exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Direxion Daily's Mean Deviation of 3.74, variance of 22.27, and Standard Deviation of 4.72 to check the risk estimate we provide. The etf shows a Beta (market volatility) of -2.15, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Direxion Daily are expected to decrease by larger amounts. On the other hand, during market turmoil, Direxion Daily is expected to outperform it.
Auto-correlation | 0.32 |
Below average predictability
Direxion Daily SP has below average predictability. Overlapping area represents the amount of predictability between Direxion Daily time series from 1st of December 2025 to 15th of January 2026 and 15th of January 2026 to 1st of March 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 SP price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Direxion Daily price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.87 |
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 SP is a strong investment it is important to analyze Direxion Daily'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 Daily's future performance. For an informed investment choice regarding Direxion Etf, refer to the following important reports:Check out Direxion Daily Correlation, Direxion Daily Volatility and Direxion Daily Performance module to complement your research on Direxion Daily. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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.