Direxion Daily Sp Etf Analysis

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 519 constituents with avarage daily trading value of 18.6 K. The fund charges 0.5 percent management fee with a total expences of 0.75 percent of total asset. The fund created five year return of 19.0%. Direxion Daily SP maintains 80.19% of assets in stocks. This fund last dividend was 0.266 per share. The fund, under normal circumstances, invests at least 80 percent of its net assets in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. SP 500 is traded on NYSEARCA Exchange in the United States. To find out more about Direxion Daily SP contact the company at NA.

Sector Exposure

Direxion Daily SP Investment Alerts

Direxion Daily Thematic Classifications

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.

Top Direxion Daily SP Etf Constituents

Technical Drivers

As of the 27th of April, Direxion Daily shows the Coefficient Of Variation of 1133.65, downside deviation of 1.38, and Mean Deviation of 1.16. 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 are able to break down and analyze data for nineteen technical drivers for Direxion Daily SP, which can be compared to its peers. Please confirm Direxion Daily SP information ratio and downside variance to decide if Direxion Daily SP is priced favorably, providing market reflects its regular price of 115.63 per share.

Direxion Daily SP Price Movement Analysis

Direxion Daily Predictive Daily Indicators

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.

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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Daily SP. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

The market value of Direxion Daily SP 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.