Direxion Nasdaq 100 Equal Etf Market Value
| QQQE Etf | USD 94.01 0.75 0.80% |
| Symbol | Direxion |
The market value of Direxion NASDAQ 100 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 NASDAQ's value that differs from its market value or its book value, called intrinsic value, which is Direxion NASDAQ'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 NASDAQ's market value can be influenced by many factors that don't directly affect Direxion NASDAQ'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 NASDAQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion NASDAQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion NASDAQ'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 NASDAQ '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 NASDAQ'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 NASDAQ.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Direxion NASDAQ on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Direxion NASDAQ 100 Equal or generate 0.0% return on investment in Direxion NASDAQ over 720 days. Direxion NASDAQ is related to or competes with Invesco Dynamic, Perella Weinberg, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. The fund, under normal circumstances, invests at least 80 percent of its assets in the securities that comprise the inde... More
Direxion NASDAQ 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 NASDAQ'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 NASDAQ 100 Equal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.74 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.38 |
Direxion NASDAQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion NASDAQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Direxion NASDAQ's standard deviation. In reality, there are many statistical measures that can use Direxion NASDAQ historical prices to predict the future Direxion NASDAQ's volatility.| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0584 |
Direxion NASDAQ 100 Backtested Returns
At this point, Direxion NASDAQ is very steady. Direxion NASDAQ 100 secures Sharpe Ratio (or Efficiency) of 0.0998, which denotes the etf had a 0.0998% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Direxion NASDAQ 100 Equal, which you can use to evaluate the volatility of the entity. Please confirm Direxion NASDAQ's Coefficient Of Variation of 1403.09, mean deviation of 0.7099, and Downside Deviation of 1.01 to check if the risk estimate we provide is consistent with the expected return of 0.0923%. The etf shows a Beta (market volatility) of 0.96, which means possible diversification benefits within a given portfolio. Direxion NASDAQ returns are very sensitive to returns on the market. As the market goes up or down, Direxion NASDAQ is expected to follow.
Auto-correlation | 0.64 |
Good predictability
Direxion NASDAQ 100 Equal has good predictability. Overlapping area represents the amount of predictability between Direxion NASDAQ time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 NASDAQ 100 price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Direxion NASDAQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 9.9 |
Direxion NASDAQ 100 lagged returns against current returns
Autocorrelation, which is Direxion NASDAQ 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 NASDAQ's etf expected returns. We can calculate the autocorrelation of Direxion NASDAQ returns to help us make a trade decision. For example, suppose you find that Direxion NASDAQ 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 NASDAQ 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 NASDAQ etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Direxion NASDAQ etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Direxion NASDAQ etf over time.
Current vs Lagged Prices |
| Timeline |
Direxion NASDAQ Lagged Returns
When evaluating Direxion NASDAQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Direxion NASDAQ etf have on its future price. Direxion NASDAQ 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 NASDAQ autocorrelation shows the relationship between Direxion NASDAQ etf current value and its past values and can show if there is a momentum factor associated with investing in Direxion NASDAQ 100 Equal.
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 NASDAQ 100 is a strong investment it is important to analyze Direxion NASDAQ'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 NASDAQ's future performance. For an informed investment choice regarding Direxion Etf, refer to the following important reports:Check out Direxion NASDAQ Correlation, Direxion NASDAQ Volatility and Direxion NASDAQ Alpha and Beta module to complement your research on Direxion NASDAQ. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Direxion NASDAQ 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.