Direxion Etf Market Value

LOPX -  USA Etf  

USD 7.66  0.32  4.01%

Direxion Low's market value is the price at which a share of Direxion Low stock trades on a public exchange. It measures the collective expectations of Direxion Low Priced investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Direxion Low Priced and determine expected loss or profit from investing in Direxion Low over a given investment horizon. Additionally, see Direxion Low Hype Analysis, Direxion Low Correlation, Portfolio Optimization, Direxion Low Volatility, as well as analyze Direxion Low Alpha and Beta and Direxion Low Performance.
Symbol
Backtest

The market value of Direxion Low Priced 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 Low's value that differs from its market value or its book value, called intrinsic value, which is Direxion Low'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 Low's market value can be influenced by many factors that don't directly affect Direxion Low'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 Low's value and its price as these two are different measures arrived at by different means. Investors typically determine Direxion Low value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Low'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.

Direxion Low 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Direxion Low's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Direxion Low.
0.00
12/14/2019
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/03/2021
0.00
If you would invest  0.00  in Direxion Low on December 14, 2019 and sell it all today you would earn a total of 0.00 from holding Direxion Low Priced or generate 0.0% return on investment in Direxion Low over 720 days. Direxion Low is related to or competes with Micro-Cap Ishares. The investment seeks investment results, before fees and expenses, that track the Solactive Two Bucks Index

Direxion Low Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Direxion Low's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Direxion Low Priced upside and downside potential and time the market with a certain degree of confidence.

Direxion Low Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Low's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Direxion Low's standard deviation. In reality, there are many statistical measures that can use Direxion Low historical prices to predict the future Direxion Low's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Direxion Low'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. Please use the tools below to analyze the current value of Direxion Low in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
6.117.989.85
Details
Intrinsic
Valuation
LowReal ValueHigh
6.338.2010.07
Details
Naive
Forecast
LowNext ValueHigh
5.707.579.45
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.899.1510.42
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Direxion Low. Your research has to be compared to or analyzed against Direxion Low's peers to derive any actionable benefits. When done correctly, Direxion Low's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Direxion Low Priced.

Direxion Low Priced Backtested Returns

Direxion Low Priced secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the etf had -0.17% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Direxion Low Priced exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Direxion Low Priced coefficient of variation of (703.03), and Mean Deviation of 1.47 to check the risk estimate we provide.
The etf shows a Beta (market volatility) of 1.2183, which means a somewhat significant risk relative to the market. Let's try to break down what Direxion's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Direxion Low will likely underperform. Even though it is essential to pay attention to Direxion Low Priced historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Direxion Low Priced exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.00   

No correlation between past and present

Direxion Low Priced has no correlation between past and present. Overlapping area represents the amount of predictability between Direxion Low time series from 14th of December 2019 to 8th of December 2020 and 8th of December 2020 to 3rd of December 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Direxion Low Priced price movement. The serial correlation of 0.0 indicates that just 0.0% of current Direxion Low price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.0
Residual Average0.0
Price Variance0.0

Direxion Low Priced lagged returns against current returns

Autocorrelation, which is Direxion Low etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Direxion Low's etf expected returns. We can calculate the autocorrelation of Direxion Low returns to help us make a trade decision. For example, suppose you find that Direxion Low etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
Share
      Timeline 

Direxion Low regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Direxion Low etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Direxion Low etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Direxion Low etf over time.
 Current vs Lagged Prices 
Share
      Timeline 

Direxion Low Lagged Returns

When evaluating Direxion Low's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Direxion Low etf have on its future price. Direxion Low autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Direxion Low autocorrelation shows the relationship between Direxion Low etf current value and its past values and can show if there is a momentum factor associated with investing in Direxion Low Priced.
 Regressed Prices 
Share
      Timeline 

Direxion Low Investors Sentiment

The influence of Direxion Low's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Direxion. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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 Low 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 Low's short interest history, or implied volatility extrapolated from Direxion Low options trading.

Current Sentiment - LOPX

Direxion Low Priced Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Direxion Low Priced. What is your opinion about investing in Direxion Low Priced? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
Skip

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Direxion Low Priced using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see Direxion Low Hype Analysis, Direxion Low Correlation, Portfolio Optimization, Direxion Low Volatility, as well as analyze Direxion Low Alpha and Beta and Direxion Low Performance. Note that the Direxion Low Priced information on this page should be used as a complementary analysis to other Direxion Low's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try CEO Directory module to screen CEOs from public companies around the world.

Complementary Tools for Direxion Etf analysis

When running Direxion Low Priced price analysis, check to measure Direxion Low'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 Low is operating at the current time. Most of Direxion Low's value examination focuses on studying past and present price action to predict the probability of Direxion Low's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Direxion Low's price. Additionally, you may evaluate how the addition of Direxion Low to your portfolios can decrease your overall portfolio volatility.
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Direxion Low 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, stock market cycles, or different charting patterns.
A focus of Direxion Low technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Direxion Low trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...