Direxion Daily Tsm Etf Market Value
| TSMX Etf | 72.22 1.00 1.37% |
| Symbol | Direxion |
Direxion Daily TSM'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. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Since Direxion Daily's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from 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. 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.
| 12/02/2025 |
| 03/02/2026 |
If you would invest 0.00 in Direxion Daily on December 2, 2025 and sell it all today you would earn a total of 0.00 from holding Direxion Daily TSM or generate 0.0% return on investment in Direxion Daily over 90 days. Direxion Daily is related to or competes with Direxion Daily, MicroSectors Gold, T Rowe, Innovator Laddered, SEI Exchange, IShares Residential, and Innovator. Direxion Daily is entity of United States 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 TSM upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.8 | |||
| Information Ratio | 0.2042 | |||
| Maximum Drawdown | 18.95 | |||
| Value At Risk | (6.13) | |||
| Potential Upside | 8.52 |
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 | 0.1809 | |||
| Jensen Alpha | 0.7357 | |||
| Total Risk Alpha | 0.499 | |||
| Sortino Ratio | 0.2256 | |||
| Treynor Ratio | 0.3717 |
Direxion Daily March 2, 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 | 0.1809 | |||
| Market Risk Adjusted Performance | 0.3817 | |||
| Mean Deviation | 3.29 | |||
| Semi Deviation | 3.3 | |||
| Downside Deviation | 3.8 | |||
| Coefficient Of Variation | 443.19 | |||
| Standard Deviation | 4.2 | |||
| Variance | 17.62 | |||
| Information Ratio | 0.2042 | |||
| Jensen Alpha | 0.7357 | |||
| Total Risk Alpha | 0.499 | |||
| Sortino Ratio | 0.2256 | |||
| Treynor Ratio | 0.3717 | |||
| Maximum Drawdown | 18.95 | |||
| Value At Risk | (6.13) | |||
| Potential Upside | 8.52 | |||
| Downside Variance | 14.44 | |||
| Semi Variance | 10.88 | |||
| Expected Short fall | (3.81) | |||
| Skewness | 0.0229 | |||
| Kurtosis | 0.1069 |
Direxion Daily TSM Backtested Returns
Direxion Daily appears to be very steady, given 3 months investment horizon. Direxion Daily TSM secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the etf had a 0.2 % return per unit of risk over the last 3 months. By reviewing Direxion Daily's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please utilize Direxion Daily's Coefficient Of Variation of 443.19, mean deviation of 3.29, and Downside Deviation of 3.8 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 2.52, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Direxion Daily will likely underperform.
Auto-correlation | 0.74 |
Good predictability
Direxion Daily TSM has good predictability. Overlapping area represents the amount of predictability between Direxion Daily time series from 2nd of December 2025 to 16th of January 2026 and 16th of January 2026 to 2nd 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 TSM price movement. The serial correlation of 0.74 indicates that around 74.0% of current Direxion Daily price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 43.92 |
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 TSM offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Direxion Daily's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Direxion Daily Tsm Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Daily Tsm Etf: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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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.