Direxion Daily Sp Etf Market Value
| SPDN Etf | USD 9.44 0.06 0.63% |
| Symbol | Direxion |
Understanding Direxion Daily SP requires distinguishing between market price and book value, where the latter reflects Direxion's accounting equity. The concept of intrinsic value - what Direxion Daily's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Direxion Daily's price substantially above or below its fundamental 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. In contrast, Direxion Daily's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.
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.
| 11/21/2025 |
| 02/19/2026 |
If you would invest 0.00 in Direxion Daily on November 21, 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, Leverage Shares, ProShares Ultra, ProShares Short, ProShares Ultra, Invesco High, and ProShares Ultra. 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.
| Downside Deviation | 0.7101 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.03 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 1.45 |
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 | 0.0125 | |||
| Jensen Alpha | 0.0298 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Direxion Daily'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 Daily February 19, 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 | 0.0125 | |||
| Market Risk Adjusted Performance | 0.0069 | |||
| Mean Deviation | 0.5428 | |||
| Semi Deviation | 0.6478 | |||
| Downside Deviation | 0.7101 | |||
| Coefficient Of Variation | 5961.7 | |||
| Standard Deviation | 0.7338 | |||
| Variance | 0.5384 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | 0.0298 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0) | |||
| Maximum Drawdown | 4.03 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 1.45 | |||
| Downside Variance | 0.5043 | |||
| Semi Variance | 0.4196 | |||
| Expected Short fall | (0.61) | |||
| Skewness | 0.3573 | |||
| Kurtosis | 0.9161 |
Direxion Daily SP Backtested Returns
Direxion Daily SP secures Sharpe Ratio (or Efficiency) of -0.0701, which denotes the etf had a -0.0701 % return per unit of risk over the last 3 months. Direxion Daily SP exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Direxion Daily's Downside Deviation of 0.7101, mean deviation of 0.5428, and Coefficient Of Variation of 5961.7 to check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.75, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Direxion Daily are expected to decrease at a much lower rate. During the bear market, Direxion Daily is likely to outperform the market.
Auto-correlation | -0.31 |
Poor reverse predictability
Direxion Daily SP has poor reverse predictability. Overlapping area represents the amount of predictability between Direxion Daily time series from 21st of November 2025 to 5th of January 2026 and 5th of January 2026 to 19th of February 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 -0.31 indicates that nearly 31.0% of current Direxion Daily price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pair Trading with Direxion Daily
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Direxion Daily position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Direxion Daily will appreciate offsetting losses from the drop in the long position's value.Moving together with Direxion Etf
| 1.0 | SH | ProShares Short SP500 | PairCorr |
| 0.83 | PSQ | ProShares Short QQQ | PairCorr |
| 0.98 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.99 | SDS | ProShares UltraShort | PairCorr |
| 0.98 | SPXS | Direxion Daily SP | PairCorr |
Moving against Direxion Etf
| 0.95 | SPY | SPDR SP 500 | PairCorr |
| 0.95 | IVV | iShares Core SP | PairCorr |
| 0.93 | VTI | Vanguard Total Stock | PairCorr |
| 0.93 | TOT | Advisor Managed Port | PairCorr |
| 0.57 | VUG | Vanguard Growth Index | PairCorr |
The ability to find closely correlated positions to Direxion Daily could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Direxion Daily when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Direxion Daily - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Direxion Daily SP to buy it.
The correlation of Direxion Daily is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Direxion Daily moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Direxion Daily SP moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Direxion Daily can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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.