Direxion Daily Etf Forecast - 4 Period Moving Average
| DPST Etf | USD 61.41 0.59 0.95% |
The 4 Period Moving Average forecasted value of Direxion Daily Regional on the next trading day is expected to be 62.11 with a mean absolute deviation of 4.38 and the sum of the absolute errors of 249.64. Direxion Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Direxion Daily stock prices and determine the direction of Direxion Daily Regional's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Direxion Daily's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Direxion Daily to cross-verify your projections. Direxion |
Open Interest Against 2024-04-19 Direxion Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Direxion Daily's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Direxion Daily's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Direxion Daily stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Direxion Daily's open interest, investors have to compare it to Direxion Daily's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Direxion Daily is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Direxion. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Direxion Daily cannot accurately predict what will happen the next trading day because, historically, etf markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Direxion Daily's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Direxion Daily's price structures and extracts relationships that further increase the generated results' accuracy.
A four-period moving average forecast model for Direxion Daily Regional is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility. Direxion Daily 4 Period Moving Average Price Forecast For the 17th of April 2024
Given 90 days horizon, the 4 Period Moving Average forecasted value of Direxion Daily Regional on the next trading day is expected to be 62.11 with a mean absolute deviation of 4.38, mean absolute percentage error of 33.21, and the sum of the absolute errors of 249.64.Please note that although there have been many attempts to predict Direxion Etf prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Direxion Daily's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Direxion Daily Etf Forecast Pattern
| Backtest Direxion Daily | Direxion Daily Price Prediction | Buy or Sell Advice |
Direxion Daily Forecasted Value
In the context of forecasting Direxion Daily's Etf value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Direxion Daily's downside and upside margins for the forecasting period are 56.72 and 67.50, respectively. We have considered Direxion Daily's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Direxion Daily etf data series using in forecasting. Note that when a statistical model is used to represent Direxion Daily etf, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 114.2618 |
| Bias | Arithmetic mean of the errors | 1.342 |
| MAD | Mean absolute deviation | 4.3796 |
| MAPE | Mean absolute percentage error | 0.061 |
| SAE | Sum of the absolute errors | 249.6375 |
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 Regional. 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.
Other Forecasting Options for Direxion Daily
For every potential investor in Direxion, whether a beginner or expert, Direxion Daily's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Direxion Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Direxion. Basic forecasting techniques help filter out the noise by identifying Direxion Daily's price trends.Direxion Daily Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Direxion Daily etf to make a market-neutral strategy. Peer analysis of Direxion Daily could also be used in its relative valuation, which is a method of valuing Direxion Daily by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Direxion Daily Regional Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Direxion Daily's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Direxion Daily's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Direxion Daily Market Strength Events
Market strength indicators help investors to evaluate how Direxion Daily etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Direxion Daily shares will generate the highest return on investment. By undertsting and applying Direxion Daily etf market strength indicators, traders can identify Direxion Daily Regional entry and exit signals to maximize returns.
Direxion Daily Risk Indicators
The analysis of Direxion Daily's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Direxion Daily's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting direxion etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.78 | |||
| Standard Deviation | 5.36 | |||
| Variance | 28.74 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Direxion Daily Implied Volatility | 142.24 |
Direxion Daily's implied volatility exposes the market's sentiment of Direxion Daily Regional stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Direxion Daily's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Direxion Daily stock will not fluctuate a lot when Direxion Daily's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Direxion Daily in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Direxion Daily's short interest history, or implied volatility extrapolated from Direxion Daily options trading.
Pair Trading with Direxion Daily
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Direxion Daily position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Direxion Daily will appreciate offsetting losses from the drop in the long position's value.Moving against Direxion Etf
| 0.64 | FNGU | MicroSectors FANG Index | PairCorr |
| 0.5 | SSO | ProShares Ultra SP500 | PairCorr |
| 0.5 | UPRO | ProShares UltraPro SP500 | PairCorr |
| 0.49 | SPXL | Direxion Daily SP500 | PairCorr |
| 0.49 | USD | ProShares Ultra Semi | PairCorr |
The ability to find closely correlated positions to Direxion Daily could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Direxion Daily when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Direxion Daily - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Direxion Daily Regional to buy it.
The correlation of Direxion Daily is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Direxion Daily moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Direxion Daily Regional moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Direxion Daily can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Direxion Daily to cross-verify your projections. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of Direxion Daily Regional 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.