Direxion Work From Etf Technical Analysis
| WFH Etf | USD 52.95 0.27 0.51% |
As of the 19th of April, Direxion Work shows the Variance of 1.78, mean deviation of 1.05, and Standard Deviation of 1.34. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of Direxion Work, 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 and collect data for thirteen technical drivers for Direxion Work From, which can be compared to its peers. Please confirm Direxion Work From market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Direxion Work From is priced favorably, providing market reflects its regular price of 52.95 per share.
Direxion Work 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 Work 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 Work From Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Work From volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Direxion Work From Trend Analysis
Use this graph to draw trend lines for Direxion Work From. You can use it to identify possible trend reversals for Direxion Work 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 Work price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Direxion Work Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Direxion Work From applied against its price change over selected period. The best fit line has a slop of 0.03 , which may imply that the returns on investment in Direxion Work From will continue to fail. It has 122 observation points and a regression sum of squares at 41.26, which is the sum of squared deviations for the predicted Direxion Work price change compared to its average price change.About Direxion Work 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 Work From 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 Work From based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Direxion Work From price pattern first instead of the macroeconomic environment surrounding Direxion Work From. By analyzing Direxion Work'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 Work'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 Work specific price patterns or momentum indicators. Please read more on our technical analysis page.
Direxion Work 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 1.05 | |||
| Coefficient Of Variation | (5,501) | |||
| Standard Deviation | 1.34 | |||
| Variance | 1.78 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 5.53 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 1.9 | |||
| Skewness | (0.58) | |||
| Kurtosis | (0.11) |
Direxion Work From One Year Return
Based on the recorded statements, Direxion Work From has an One Year Return of 18.6%. This is 237.68% lower than that of the Direxion Funds family and significantly higher than that of the Technology category. The one year return for all United States etfs is notably lower than that of the firm.
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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Direxion Work From. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Direxion Work From information on this page should be used as a complementary analysis to other Direxion Work'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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of Direxion Work From 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 Work's value that differs from its market value or its book value, called intrinsic value, which is Direxion Work'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 Work's market value can be influenced by many factors that don't directly affect Direxion Work'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 Work's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Work is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Work'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.