Direxion Etf Technical Analysis
| HJEN Etf | USD 10.80 0.24 2.17% |
As of the 23rd of November, Direxion shows the Coefficient Of Variation of 2692.06, downside deviation of 1.97, and Mean Deviation of 1.66. Direxion technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices.
Direxion Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Direxion, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DirexionDirexion |
Direxion 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.
Direxion Technical Analysis
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Direxion Trend Analysis
Use this graph to draw trend lines for Direxion. You can use it to identify possible trend reversals for Direxion as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Direxion price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Direxion Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Direxion applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Direxion will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.97, which is the sum of squared deviations for the predicted Direxion price change compared to its average price change.About Direxion Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Direxion on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Direxion based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Direxion price pattern first instead of the macroeconomic environment surrounding Direxion. By analyzing Direxion's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Direxion's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Direxion specific price patterns or momentum indicators. Please read more on our technical analysis page.
Direxion November 23, 2024 Technical Indicators
Most technical analysis of Direxion help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Direxion from various momentum indicators to cycle indicators. When you analyze Direxion charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
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| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | 0.0349 | |||
| Market Risk Adjusted Performance | (0.17) | |||
| Mean Deviation | 1.66 | |||
| Semi Deviation | 1.92 | |||
| Downside Deviation | 1.97 | |||
| Coefficient Of Variation | 2692.06 | |||
| Standard Deviation | 2.15 | |||
| Variance | 4.61 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | 0.1162 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.18) | |||
| Maximum Drawdown | 11.3 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 3.6 | |||
| Downside Variance | 3.87 | |||
| Semi Variance | 3.67 | |||
| Expected Short fall | (1.79) | |||
| Skewness | 0.4461 | |||
| Kurtosis | 0.4936 |
Direxion One Year Return
Based on the recorded statements, Direxion has an One Year Return of -24.4%. This is 80.61% higher than that of the Direxion Funds family and significantly lower than that of the Natural Resources category. The one year return for all United States etfs is notably higher than that of the company.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
The market value of Direxion 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's value that differs from its market value or its book value, called intrinsic value, which is Direxion'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's market value can be influenced by many factors that don't directly affect Direxion'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion'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.