Direxion Shares Etf Price on February 16, 2024
| TSLL Etf | USD 8.33 1.03 11.00% |
If you're considering investing in Direxion Etf, it is important to understand the factors that can impact its price. As of today, the current price of Direxion Shares stands at 8.33, as last reported on the 1st of May, with the highest price reaching 9.04 and the lowest price hitting 8.27 during the day. We consider Direxion Shares relatively risky. Direxion Shares ETF secures Sharpe Ratio (or Efficiency) of 0.0086, which denotes the etf had a 0.0086% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Direxion Shares ETF, which you can use to evaluate the volatility of the entity. Please confirm Direxion Shares' Mean Deviation of 4.68, downside deviation of 5.56, and Coefficient Of Variation of 5556.67 to check if the risk estimate we provide is consistent with the expected return of 0.0606%.
Direxion Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Direxion |
Sharpe Ratio = 0.0086
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | TSLL |
| Negative Returns |
Estimated Market Risk
| 7.07 actual daily | 62 62% of assets are less volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Direxion Shares is not performing at its full potential. However, 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 Shares by adding Direxion Shares to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Direxion Shares Valuation on February 16, 2024
It is possible to determine the worth of Direxion Shares on a given historical date. On February 16, 2024 Direxion was worth 10.31 at the beginning of the trading date compared to the closed value of 10.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Direxion Shares etf. Still, in general, we apply an absolute valuation method to find Direxion Shares' 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 Shares where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Direxion Shares' related companies.
| Open | High | Low | Close | Volume | |
| 9.34 | 10.20 | 9.31 | 10.06 | 22,307,500 | |
02/16/2024 | 10.31 | 10.37 | 9.92 | 10.02 | 18,912,700 |
| 9.84 | 10.01 | 9.30 | 9.56 | 15,449,200 |
| Backtest Direxion Shares | | | Direxion Shares History | | | Direxion Shares Valuation | Previous | Next |
Direxion Shares Trading Date Momentum on February 16, 2024
| On February 20 2024 Direxion Shares ETF was traded for 9.56 at the closing time. The top price for the day was 10.01 and the lowest listed price was 9.30 . The trading volume for the day was 15.4 M. The trading history from February 20, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 4.59% . The overall trading delta against the current closing price is 5.09% . |
About Direxion Shares Etf history
Direxion Shares 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 Shares ETF 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 Shares stock prices may prove useful in developing a viable investing in Direxion Shares
The fund, under normal circumstances, invests at least 80 percent of its net assets in the securities of TSLA and financial instruments, such as swap agreements and options, that provide leveraged exposure to TSLA. Direxion Daily is traded on NASDAQ Exchange in the United States.
Direxion Shares Etf Technical Analysis
Direxion Shares 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 Shares Period Price Range
Low | February 16, 2024
| High |
10.31 | 10.02 |
Direxion Shares May 1, 2024 Market Strength
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
| Accumulation Distribution | 820705.0 | |||
| Daily Balance Of Power | (0.64) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 10.15 | |||
| Day Typical Price | 10.1 | |||
| Price Action Indicator | (0.27) | |||
| Period Momentum Indicator | (1.69) |
Direxion Shares Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Direxion Shares' 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 | 0.0206 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.0117 | |||
| Treynor Ratio | 0.0371 |
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Shares ETF. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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.