Direxion Daily Small Etf Technical Analysis
| TZA Etf | USD 21.77 0.15 0.69% |
As of the 19th of April, Direxion Daily shows the Variance of 14.87, mean deviation of 3.02, and Standard Deviation of 3.86. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of Direxion Daily, as well as the relationship between them. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze thirteen technical drivers for Direxion Daily Small, which can be compared to its peers. Please confirm Direxion Daily Small risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Direxion Daily Small is priced favorably, providing market reflects its regular price of 21.77 per share.
Direxion Daily Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Direxion, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DirexionDirexion |
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.
Direxion Daily Small Technical Analysis
The output start index for this execution was fifty with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Direxion Daily Small volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Direxion Daily Small Trend Analysis
Use this graph to draw trend lines for Direxion Daily Small. You can use it to identify possible trend reversals for Direxion Daily as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Direxion Daily price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Direxion Daily Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Direxion Daily Small applied against its price change over selected period. The best fit line has a slop of 0.04 , which may imply that the returns on investment in Direxion Daily Small will continue to fail. It has 122 observation points and a regression sum of squares at 52.68, which is the sum of squared deviations for the predicted Direxion Daily price change compared to its average price change.About Direxion Daily Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Direxion Daily Small on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Direxion Daily Small based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Direxion Daily Small price pattern first instead of the macroeconomic environment surrounding Direxion Daily Small. By analyzing Direxion Daily's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Direxion Daily's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Direxion Daily specific price patterns or momentum indicators. Please read more on our technical analysis page.
Direxion Daily April 19, 2024 Technical Indicators
Most technical analysis of Direxion help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Direxion from various momentum indicators to cycle indicators. When you analyze Direxion charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0077 | |||
| Market Risk Adjusted Performance | 0.0127 | |||
| Mean Deviation | 3.02 | |||
| Coefficient Of Variation | (95,380) | |||
| Standard Deviation | 3.86 | |||
| Variance | 14.87 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | 0.2917 | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.0027 | |||
| Maximum Drawdown | 19.92 | |||
| Value At Risk | (6.41) | |||
| Potential Upside | 5.69 | |||
| Skewness | 0.4396 | |||
| Kurtosis | 0.6384 |
Direxion Daily Small One Year Return
Based on the recorded statements, Direxion Daily Small has an One Year Return of -27.1%. This is 100.59% higher than that of the Direxion Funds family and 295.91% higher than that of the Trading--Inverse Equity category. The one year return for all United States etfs is notably higher than that of the company.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Daily Small. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Direxion Daily Small information on this page should be used as a complementary analysis to other Direxion Daily'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 the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
The market value of Direxion Daily Small 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.