Direxion Daily Sp Etf Probability of Future Etf Price Finishing Under 23.94

SPXS Etf  USD 8.73  0.20  2.24%   
Direxion Daily's implied volatility is one of the determining factors in the pricing options written on Direxion Daily SP. Implied volatility approximates the future value of Direxion Daily based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Direxion Daily SP over a specific time period. For example, 2024-03-28 CALL at $8.5 is a CALL option contract on Direxion Daily's common stock with a strick price of 8.5 expiring on 2024-03-28. The contract was last traded on 2024-03-27 at 15:59:34 for $0.25 and, as of today, has 0 days remaining before the expiration. The option is currently trading at a bid price of $0.21, and an ask price of $0.27. The implied volatility as of the 28th of March is 51.21. View All Direxion options

Closest to current price Direxion long CALL Option Payoff at Expiration

Direxion Daily's future price is the expected price of Direxion Daily instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Direxion Daily SP performance during a given time horizon utilizing its historical volatility. Check out Direxion Daily Backtesting, Portfolio Optimization, Direxion Daily Correlation, Direxion Daily Hype Analysis, Direxion Daily Volatility, Direxion Daily History as well as Direxion Daily Performance.
  
Please specify Direxion Daily's target price for which you would like Direxion Daily odds to be computed.

Direxion Daily Target Price Odds to finish below 23.94

The tendency of Direxion Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay under $ 23.94  after 90 days
 8.73 90 days 23.94 
close to 99
Based on a normal probability distribution, the odds of Direxion Daily to stay under $ 23.94  after 90 days from now is close to 99 (This Direxion Daily SP probability density function shows the probability of Direxion Etf to fall within a particular range of prices over 90 days) . Probability of Direxion Daily SP price to stay between its current price of $ 8.73  and $ 23.94  at the end of the 90-day period is under 95 .
Given the investment horizon of 90 days Direxion Daily has a beta of 0.22. This usually implies as returns on the market go up, Direxion Daily average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Direxion Daily SP will be expected to be much smaller as well. Additionally Direxion Daily SP has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Direxion Daily Price Density   
       Price  

Predictive Modules for Direxion Daily

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Direxion Daily SP. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
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.
Hype
Prediction
LowEstimatedHigh
6.628.6910.76
Details
Intrinsic
Valuation
LowRealHigh
6.558.6210.69
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Direxion Daily. Your research has to be compared to or analyzed against Direxion Daily's peers to derive any actionable benefits. When done correctly, Direxion Daily's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Direxion Daily SP.

Direxion Daily Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Direxion Daily is not an exception. The market had few large corrections towards the Direxion Daily's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Direxion Daily SP, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Direxion Daily within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.44
β
Beta against NYSE Composite0.22
σ
Overall volatility
0.97
Ir
Information ratio -0.27

Direxion Daily Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Direxion Daily for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Direxion Daily SP can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Direxion Daily SP generated a negative expected return over the last 90 days
Latest headline from news.google.com: DIREXION SHARES ETF TRUST DAILY SP 500 BEAR 3X SHS Trade Ideas BMVSPXS TradingView - TradingView
This fund created-40.0 ten year return of -40.0%
Direxion Daily maintains most of the assets in different exotic instruments.

Direxion Daily Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Direxion Etf often depends not only on the future outlook of the current and potential Direxion Daily's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Direxion Daily's indicators that are reflective of the short sentiment are summarized in the table below.

Direxion Daily Technical Analysis

Direxion Daily's future price can be derived by breaking down and analyzing its technical indicators over time. Direxion Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Direxion Daily SP. In general, you should focus on analyzing Direxion Etf price patterns and their correlations with different microeconomic environments and drivers.

Direxion Daily Predictive Forecast Models

Direxion Daily's time-series forecasting models is one of many Direxion Daily's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Direxion Daily's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.

Things to note about Direxion Daily SP

Checking the ongoing alerts about Direxion Daily for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Direxion Daily SP help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Direxion Daily SP generated a negative expected return over the last 90 days
Latest headline from news.google.com: DIREXION SHARES ETF TRUST DAILY SP 500 BEAR 3X SHS Trade Ideas BMVSPXS TradingView - TradingView
This fund created-40.0 ten year return of -40.0%
Direxion Daily maintains most of the assets in different exotic instruments.
When determining whether Direxion Daily SP is a strong investment it is important to analyze Direxion Daily'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 Daily's future performance. For an informed investment choice regarding Direxion Etf, refer to the following important reports:
Check out Direxion Daily Backtesting, Portfolio Optimization, Direxion Daily Correlation, Direxion Daily Hype Analysis, Direxion Daily Volatility, Direxion Daily History as well as Direxion Daily Performance.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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When running Direxion Daily's price analysis, check to measure Direxion Daily's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Direxion Daily is operating at the current time. Most of Direxion Daily's value examination focuses on studying past and present price action to predict the probability of Direxion Daily's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direxion Daily's price. Additionally, you may evaluate how the addition of Direxion Daily to your portfolios can decrease your overall portfolio volatility.
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The market value of Direxion Daily SP 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 Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily'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 Daily's market value can be influenced by many factors that don't directly affect Direxion Daily'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 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.