Direxion Daily Energy Etf Price on September 27, 2022
| ERX Etf | USD 70.74 1.94 2.82% |
Below is the normalized historical share price chart for Direxion Daily Energy extending back to November 06, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Direxion Daily stands at 70.74, as last reported on the 19th of May, with the highest price reaching 70.94 and the lowest price hitting 69.03 during the day.
If you're considering investing in Direxion Etf, it is important to understand the factors that can impact its price. Direxion Daily appears to be very steady, given 3 months investment horizon. Direxion Daily Energy secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the etf had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Direxion Daily Energy, which you can use to evaluate the volatility of the entity. Please utilize Direxion Daily's Mean Deviation of 1.35, coefficient of variation of 442.62, and Downside Deviation of 1.77 to check if our risk estimates are consistent with your expectations.
Direxion Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 59.29 | 200 Day MA 62.5745 | 1 y Volatility 39.65 | 50 Day MA 69.9334 | Inception Date 2008-11-06 |
Direxion |
Sharpe Ratio = 0.2131
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Estimated Market Risk
| 1.68 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.36 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Direxion Daily is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Direxion Daily by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 130.5 K |
Direxion Daily Main Headline on 27th of September 2022
Direxion Daily Energy dividend paid on 27th of September 2022 |
Direxion Daily Valuation on September 27, 2022
It is possible to determine the worth of Direxion Daily on a given historical date. On September 27, 2022 Direxion was worth 43.59 at the beginning of the trading date compared to the closed value of 41.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Direxion Daily etf. Still, in general, we apply an absolute valuation method to find Direxion Daily's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Direxion Daily where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Direxion Daily's related companies.
| Open | High | Low | Close | Volume | |
| 44.23 | 44.89 | 40.36 | 40.36 | 1,232,441 | |
09/27/2022 | 43.59 | 44.71 | 41.25 | 41.25 | 3,105,957 |
| 43.84 | 47.42 | 43.45 | 44.99 | 2,557,234 |
| Backtest Direxion Daily | | | Direxion Daily History | | | Direxion Daily Valuation | Previous | Next |
Direxion Daily Trading Date Momentum on September 27, 2022
| On September 28 2022 Direxion Daily Energy was traded for 44.99 at the closing time. Highest Direxion Daily's price during the trading hours was 47.42 and the lowest price during the day was 43.45 . The net volume was 2.6 M. The overall trading history on the 28th of September contributed to the next trading period price jump. The overall trading delta to the next next day price was 9.07% . The overall trading delta to current price is 46.62% . |
Direxion Daily Energy Fundamentals Correlations and Trends
By evaluating Direxion Daily's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Direxion Daily's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Direxion financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Direxion Daily Etf history
Direxion Daily investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Direxion is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Direxion Daily Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Direxion Daily stock prices may prove useful in developing a viable investing in Direxion Daily
The fund invests at least 80 percent of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. Energy Bull is traded on NYSEARCA Exchange in the United States.
Direxion Daily Etf Technical Analysis
Direxion Daily 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.
Price Boundaries
Direxion Daily Period Price Range
Low | September 27, 2022
| High |
43.59 | 41.25 |
Direxion Daily May 19, 2024 Market Strength
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 Energy entry and exit signals to maximize returns
| Accumulation Distribution | 240363.0 | |||
| Daily Balance Of Power | (0.68) | |||
| Rate Of Daily Change | 0.95 | |||
| Day Median Price | 42.98 | |||
| Day Typical Price | 42.4 | |||
| Price Action Indicator | (2.90) | |||
| Period Momentum Indicator | 29.49 | |||
| Relative Strength Index | 56.76 |
Direxion Daily Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Direxion Daily's price direction in advance. Along with the technical and fundamental analysis of Direxion Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Direxion to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1391 | |||
| Jensen Alpha | 0.2615 | |||
| Total Risk Alpha | 0.1205 | |||
| Sortino Ratio | 0.1711 | |||
| Treynor Ratio | 0.2685 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Energy. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
The market value of Direxion Daily Energy 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.