# Direxion Shares Etf Forecast - Simple Regression

 TSLS Etf USD 19.61  0.09  0.46%
The Simple Regression forecasted value of Direxion Shares ETF on the next trading day is expected to be 16.27 with a mean absolute deviation of 1.59 and the sum of the absolute errors of 96.94. Direxion Etf Forecast is based on your current time horizon.
 Direxion
Simple Regression model is a single variable regression model that attempts to put a straight line through Direxion Shares price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

## Direxion Shares Simple Regression Price Forecast For the 12th of August 2024

Given 90 days horizon, the Simple Regression forecasted value of Direxion Shares ETF on the next trading day is expected to be 16.27 with a mean absolute deviation of 1.59, mean absolute percentage error of 3.88, and the sum of the absolute errors of 96.94.
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 Shares' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

## Direxion Shares Etf Forecast Pattern

 Backtest Direxion Shares Direxion Shares Price Prediction Buy or Sell Advice

## Direxion Shares Forecasted Value

In the context of forecasting Direxion Shares' 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 Shares' downside and upside margins for the forecasting period are 12.50 and 20.05, respectively. We have considered Direxion Shares' 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.
Market Value
 12.50Downside 16.27Expected ValueTarget Odds 20.05Upside

## Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Direxion Shares etf data series using in forecasting. Note that when a statistical model is used to represent Direxion Shares 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 119.4666 Bias Arithmetic mean of the errors None MAD Mean absolute deviation 1.5892 MAPE Mean absolute percentage error 0.0848 SAE Sum of the absolute errors 96.941
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Direxion Shares ETF historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

## Predictive Modules for Direxion Shares

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 Shares ETF. 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 Shares' 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
 Low Estimated High 15.84 19.61 23.38
Intrinsic
Valuation
 Low Real High 14.36 18.13 21.90
Bollinger
Band Projection (param)
 Low Middle High 19.12 19.80 20.46
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Direxion Shares. Your research has to be compared to or analyzed against Direxion Shares' peers to derive any actionable benefits. When done correctly, Direxion Shares' 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 Shares ETF.

## Other Forecasting Options for Direxion Shares

For every potential investor in Direxion, whether a beginner or expert, Direxion Shares' 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 Shares' price trends.

## Direxion Shares 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 Shares etf to make a market-neutral strategy. Peer analysis of Direxion Shares could also be used in its relative valuation, which is a method of valuing Direxion Shares by comparing valuation metrics with similar companies.
 Risk & Return Correlation

## Direxion Shares ETF 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 Shares' 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 Shares' current price.
 Cycle Indicators Math Operators Math Transform Momentum Indicators Overlap Studies Pattern Recognition Price Transform Statistic Functions Volatility Indicators Volume Indicators

## Direxion Shares Market Strength Events

Market strength indicators help investors to evaluate how Direxion Shares 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 Shares shares will generate the highest return on investment. By undertsting and applying Direxion Shares etf market strength indicators, traders can identify Direxion Shares ETF entry and exit signals to maximize returns.

## Direxion Shares Risk Indicators

The analysis of Direxion Shares' 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 Shares' 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 2.76 Standard Deviation 3.72 Variance 13.84
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.

## Thematic Opportunities

### Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
 Explore Investing Ideas

## Additional Information and Resources on Investing in Direxion Etf

When determining whether Direxion Shares ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Direxion Shares' 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 Shares Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Shares Etf:
Check out Historical Fundamental Analysis of Direxion Shares to cross-verify your projections.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of Direxion Shares ETF 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 Shares' value that differs from its market value or its book value, called intrinsic value, which is Direxion Shares' 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 Shares' market value can be influenced by many factors that don't directly affect Direxion Shares' 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 Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Shares' 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.