Direxion Work From Etf Market Value
| WFH Etf | USD 64.64 0.85 1.30% |
| Symbol | Direxion |
The market value of Direxion Work From 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 Work's value that differs from its market value or its book value, called intrinsic value, which is Direxion Work'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 Work's market value can be influenced by many factors that don't directly affect Direxion Work'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 Work's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Work is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Work'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 Work '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 Work'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 Work.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Direxion Work on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Direxion Work From or generate 0.0% return on investment in Direxion Work over 30 days. Direxion Work is related to or competes with ProShares Online, WisdomTree Cloud, Global X, and Global X. The fund, under normal circumstances, invests at least 80 percent of its assets in the securities that comprise the inde... More
Direxion Work 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 Work'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 Work From upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.0776 | |||
| Maximum Drawdown | 5.43 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.97 |
Direxion Work Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Work's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Direxion Work's standard deviation. In reality, there are many statistical measures that can use Direxion Work historical prices to predict the future Direxion Work's volatility.| Risk Adjusted Performance | 0.1529 | |||
| Jensen Alpha | 0.0774 | |||
| Total Risk Alpha | 0.0381 | |||
| Sortino Ratio | 0.0776 | |||
| Treynor Ratio | 0.1897 |
Direxion Work From Backtested Returns
Direxion Work appears to be very steady, given 3 months investment horizon. Direxion Work From secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the etf had a 0.25% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Direxion Work From, which you can use to evaluate the volatility of the entity. Please utilize Direxion Work's Downside Deviation of 1.06, mean deviation of 0.8036, and Coefficient Of Variation of 510.29 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.04, which means a somewhat significant risk relative to the market. Direxion Work returns are very sensitive to returns on the market. As the market goes up or down, Direxion Work is expected to follow.
Auto-correlation | 0.91 |
Excellent predictability
Direxion Work From has excellent predictability. Overlapping area represents the amount of predictability between Direxion Work time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Work From price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Direxion Work price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1.29 |
Direxion Work From lagged returns against current returns
Autocorrelation, which is Direxion Work 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 Work's etf expected returns. We can calculate the autocorrelation of Direxion Work returns to help us make a trade decision. For example, suppose you find that Direxion Work 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 |
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Direxion Work 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 Work etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Direxion Work etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Direxion Work etf over time.
Current vs Lagged Prices |
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Direxion Work Lagged Returns
When evaluating Direxion Work's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Direxion Work etf have on its future price. Direxion Work 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 Work autocorrelation shows the relationship between Direxion Work etf current value and its past values and can show if there is a momentum factor associated with investing in Direxion Work From.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Direxion Work From offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Direxion Work'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 Work From Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Work From Etf:Check out Direxion Work Correlation, Direxion Work Volatility and Direxion Work Alpha and Beta module to complement your research on Direxion Work. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Direxion Work 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.