Direxion Etf Price on February 15, 2023
| CHAD Etf | USD 19.39 0.00 0.00% |
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 stands at 19.39, as last reported on the 17th of May 2024, with the highest price reaching 19.39 and the lowest price hitting 19.39 during the day. We have found eighteen technical indicators for Direxion, which you can use to evaluate the volatility of the entity. Please confirm Direxion's Variance of 1.6, standard deviation of 1.26, and Mean Deviation of 0.9389 to check if the risk estimate we provide is consistent with the expected return of 0.0%.
Direxion Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Direxion |
Sharpe Ratio = 0.0
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Based on monthly moving average Direxion 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 by adding Direxion to a well-diversified portfolio.
Direxion Valuation on February 15, 2023
It is possible to determine the worth of Direxion on a given historical date. On February 15, 2023 Direxion was worth 18.84 at the beginning of the trading date compared to the closed value of 18.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Direxion etf. Still, in general, we apply an absolute valuation method to find Direxion'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 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Direxion's related companies.
| Open | High | Low | Close | Volume | |
| 18.75 | 18.75 | 18.62 | 18.66 | 7,106 | |
02/15/2023 | 18.84 | 18.87 | 18.80 | 18.82 | 29,200 |
| 18.98 | 19.20 | 18.98 | 19.07 | 17,648 |
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Direxion Trading Date Momentum on February 15, 2023
| On February 16 2023 Direxion was traded for 19.07 at the closing time. The top price for the day was 19.20 and the lowest listed price was 18.98 . The trading volume for the day was 17.6 K. The trading history from February 16, 2023 was a factor to the next trading day price growth. The overall trading delta against the next closing price was 1.33% . The overall trading delta against the current closing price is 3.03% . |
Direxion Fundamentals Correlations and Trends
By evaluating Direxion'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'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 Etf history
Direxion 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 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 stock prices may prove useful in developing a viable investing in Direxion
The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short exposure to the index equal to at least 80 percent of the funds net assets . CSI 300 is traded on NYSEARCA Exchange in the United States.
Direxion Etf Technical Analysis
Direxion 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 Period Price Range
Low | February 15, 2023
| High |
18.84 | 18.82 |
Direxion May 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Direxion 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 will generate the highest return on investment. By undertsting and applying Direxion etf market strength indicators, traders can identify Direxion entry and exit signals to maximize returns
| Accumulation Distribution | 108.32 | |||
| Daily Balance Of Power | (0.29) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 18.84 | |||
| Day Typical Price | 18.83 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | 0.57 |
Direxion Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Direxion'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 | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 1.1 |
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Check out Trending Equities to better understand how to build diversified portfolios. 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 information on this page should be used as a complementary analysis to other Direxion'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
The market value of Direxion 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's value that differs from its market value or its book value, called intrinsic value, which is Direxion'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's market value can be influenced by many factors that don't directly affect Direxion'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion'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.