Direxion Daily Ftse Etf Probability of Future Etf Price Finishing Under 18.81

YINN Etf  USD 19.09  0.58  3.13%   
Direxion Daily's implied volatility is one of the determining factors in the pricing options written on Direxion Daily FTSE. 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 FTSE over a specific time period. For example, 2024-04-05 CALL at $19.0 is a CALL option contract on Direxion Daily's common stock with a strick price of 19.0 expiring on 2024-04-05. The contract was last traded on 2024-03-27 at 15:58:21 for $0.58 and, as of today, has 7 days remaining before the expiration. The option is currently trading at a bid price of $0.55, and an ask price of $0.6. The implied volatility as of the 29th of March is 71.6. 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 FTSE 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 18.81

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 drop to $ 18.81  or more in 90 days
 19.09 90 days 18.81 
about 73.56
Based on a normal probability distribution, the odds of Direxion Daily to drop to $ 18.81  or more in 90 days from now is about 73.56 (This Direxion Daily FTSE probability density function shows the probability of Direxion Etf to fall within a particular range of prices over 90 days) . Probability of Direxion Daily FTSE price to stay between $ 18.81  and its current price of $19.09 at the end of the 90-day period is about 5.03 .
Given the investment horizon of 90 days the etf has the beta coefficient of 3.18 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Direxion Daily will likely underperform. Additionally Direxion Daily FTSE 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 FTSE. 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
13.5519.0924.63
Details
Intrinsic
Valuation
LowRealHigh
11.6517.1922.73
Details
Naive
Forecast
LowNextHigh
13.1818.7324.27
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.0718.8020.52
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 FTSE.

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 FTSE, 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
-0.22
β
Beta against NYSE Composite3.18
σ
Overall volatility
1.72
Ir
Information ratio 0.01

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 FTSE 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 FTSE had very high historical volatility over the last 90 days
This fund created-26.0 ten year return of -26.0%
Direxion Daily keeps most of the net assets in 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 FTSE. 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 FTSE

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 FTSE help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Direxion Daily FTSE had very high historical volatility over the last 90 days
This fund created-26.0 ten year return of -26.0%
Direxion Daily keeps most of the net assets in exotic instruments.
When determining whether Direxion Daily FTSE 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 Ftse Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Daily Ftse Etf:

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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 FTSE 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.