Direxion Daily Homebuilders Etf Analysis
| NAIL Etf | USD 113.36 1.57 1.40% |
Direxion Daily Homebuilders is overvalued with Real Value of 107.02 and Hype Value of 112.53. The main objective of Direxion Daily etf analysis is to determine its intrinsic value, which is an estimate of what Direxion Daily Homebuilders is worth, separate from its market price. There are two main types of Direxion Etf analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic stability of Direxion Daily Homebuilders. On the other hand, technical analysis, focuses on the price and volume data of Direxion Etf to identify patterns and trends that may indicate its future price movements.
The Direxion Daily etf is traded in the USA on NYSE ARCA Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Direxion Daily is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Direxion Etf trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Direxion Daily's ongoing operational relationships across important fundamental and technical indicators.
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Direxion Etf Analysis Notes
Direxion Daily is is formed as Regulated Investment Company in the United States. ETF is managed and operated by U.S. Bancorp Fund Services, LLC. The fund has 65 constituents with avarage daily trading value of 219.6 K. The fund charges 0.75 percent management fee with a total expences of 0.96 percent of total asset. The fund created five year return of 20.0%. Direxion Daily Homeb last dividend was 0.005 per share. The fund invests at least 80 percent of its net assets in financial instruments, such as swap agreements, securities of the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. Homebuild Suppliers is traded on NYSEARCA Exchange in the United States. To find out more about Direxion Daily Homebuilders contact the company at NA.Sector Exposure
Direxion Daily Homebuilders constituents include assets from different sectors. As a result, investing in Direxion Daily lets you gain exposure to equities across multiple sectors, sub-sectors, or industries. This can reduce the risk of holding a single asset or a fund not diversified across different sectors or industries. Typically, investors would invest in Direxion Daily because they prefer to avoid the increased volatility of non-sector ETFs.
Different industry classifications and sub-sectors that are found among Direxion Daily's constituents divide the investing landscape into groups of entities that employ similar trades or provide related services. Combining these segments enables in-depth research of market dynamics to see which parts of the economy are growing or fading. In addition, sector investments offer targeted exposure to these segments, giving investors a wide variety of options to enhance their portfolios' asset allocations and adapt to market volatility.
Direxion Daily Homeb Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more etfs at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Direxion Daily's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Direxion Daily Homebuilders or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
| Direxion Daily Homeb had very high historical volatility over the last 90 days | |
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Direxion Daily Thematic Classifications
In addition to having Direxion Daily etf in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
 | Consumer Discretionary ETFsUSA ETFs from Consumer Discretionary clasification | |
| Sector ETFsUSA ETFs from Sector clasification |
Management Efficiency
Direxion Daily's management efficiency ratios could be used to measure how well Direxion Daily manages its routine affairs as well as how well it operates its assets and liabilities.The analysis of Direxion Daily's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Direxion Daily's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Direxion Etf analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Max Mgmt Charge 0.00 | Holdings Turnover 0.00000 | Holdings Count 45 | Net Expense Ratio 0.0097 | Total Assets 262.9 M |
Top Direxion Daily Homebuilders Etf Constituents
| TMHC | Taylor Morn Home | Stock | Household Durables |
| BLD | Topbuild Corp | Stock | Farming |
| DHI | DR Horton | Stock | Farming |
| HD | Home Depot | Stock | Millennials Best |
| LEN | Lennar | Stock | Construction |
| LOW | Lowes Companies | Stock | Corona Opportunity |
| MAS | Masco | Stock | Construction Materials |
| NVR | NVR Inc | Stock | Construction |
| PHM | PulteGroup | Stock | Construction |
| SHW | Sherwin Williams Co | Stock | ESG Investing |
| TOL | Toll Brothers | Stock | Construction |
| CVCO | Cavco Industries | Stock | Household Durables |
Technical Drivers
As of the 29th of April, Direxion Daily shows the Coefficient Of Variation of 1687.07, downside deviation of 4.86, and Mean Deviation of 3.35. 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 collect and analyze data for nineteen technical drivers for Direxion Daily Homebuilders, which can be compared to its peers. Please confirm Direxion Daily Homeb information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Direxion Daily Homeb is priced favorably, providing market reflects its regular price of 113.36 per share.Direxion Daily Homeb Price Movement Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Direxion Daily middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Direxion Daily Homeb. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Direxion Daily Predictive Daily Indicators
Direxion Daily intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Direxion Daily etf daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Direxion Daily Forecast Models
Direxion Daily's time-series forecasting models are one of many Direxion Daily's etf analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Direxion Daily's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Direxion Etf Analysis
Etf analysis is the technique used by a trader or investor to examine and evaluate how Direxion Daily prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Direxion shares will generate the highest return on investment. We also built our etf analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Etf such as Direxion Daily. By using and applying Direxion Etf analysis, traders can create a robust methodology for identifying Direxion entry and exit points for their positions.
The fund invests at least 80 percent of its net assets in financial instruments, such as swap agreements, securities of the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. Homebuild Suppliers is traded on NYSEARCA Exchange in the United States.
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily Homebuilders. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
The market value of Direxion Daily Homeb 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.