Direxion Nasdaq 100 Equal Etf Price on November 22, 2024
| QQQE Etf | USD 94.07 0.61 0.64% |
Below is the normalized historical share price chart for Direxion NASDAQ 100 Equal extending back to March 21, 2012. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Direxion NASDAQ stands at 94.07, as last reported on the 28th of November, with the highest price reaching 94.65 and the lowest price hitting 93.68 during the day.
If you're considering investing in Direxion Etf, it is important to understand the factors that can impact its price. At this point, Direxion NASDAQ is very steady. Direxion NASDAQ 100 secures Sharpe Ratio (or Efficiency) of 0.0906, which denotes the etf had a 0.0906% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Direxion NASDAQ 100 Equal, which you can use to evaluate the volatility of the entity. Please confirm Direxion NASDAQ's Mean Deviation of 0.7085, coefficient of variation of 1038.73, and Downside Deviation of 0.9845 to check if the risk estimate we provide is consistent with the expected return of 0.0832%.
Direxion Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 19.33 | 200 Day MA 88.5265 | 1 y Volatility 14.16 | 50 Day MA 91.2178 | Inception Date 2012-03-21 |
Direxion |
Sharpe Ratio = 0.0906
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Estimated Market Risk
| 0.92 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Direxion NASDAQ is performing at about 7% of its full potential. 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 NASDAQ by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 89.7 K |
Direxion NASDAQ Valuation on November 22, 2024
It is possible to determine the worth of Direxion NASDAQ on a given historical date. On November 22, 2024 Direxion was worth 93.31 at the beginning of the trading date compared to the closed value of 94.01. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Direxion NASDAQ etf. Still, in general, we apply an absolute valuation method to find Direxion NASDAQ'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 NASDAQ where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Direxion NASDAQ's related companies.
| Open | High | Low | Close | Volume | |
| 92.38 | 93.45 | 91.99 | 93.26 | 442,731 | |
11/22/2024 | 93.31 | 94.22 | 93.31 | 94.01 | 287,663 |
| 95.16 | 95.41 | 94.54 | 95.02 | 181,100 |
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Direxion NASDAQ Trading Date Momentum on November 22, 2024
| On November 25 2024 Direxion NASDAQ 100 Equal was traded for 95.02 at the closing time. The top price for the day was 95.41 and the lowest listed price was 94.54 . The trading volume for the day was 181.1 K. The trading history from November 25, 2024 was a factor to the next trading day price growth. The trading delta at closing time against the next closing price was 1.07% . The overall trading delta against the current closing price is 0.63% . |
Direxion NASDAQ 100 Fundamentals Correlations and Trends
By evaluating Direxion NASDAQ'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 NASDAQ'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 NASDAQ Etf history
Direxion NASDAQ 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 NASDAQ 100 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 NASDAQ stock prices may prove useful in developing a viable investing in Direxion NASDAQ
The fund, under normal circumstances, invests at least 80 percent of its assets in the securities that comprise the index or investments with economic characteristics similar to the securities included in the index. Nasdaq 100 is traded on NYSEARCA Exchange in the United States.
Direxion NASDAQ Etf Technical Analysis
Direxion NASDAQ 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 NASDAQ Period Price Range
Low | November 28, 2024
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0.00 | 0.00 |
Direxion NASDAQ 100 Equal cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Direxion NASDAQ November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Direxion NASDAQ 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 NASDAQ shares will generate the highest return on investment. By undertsting and applying Direxion NASDAQ etf market strength indicators, traders can identify Direxion NASDAQ 100 Equal entry and exit signals to maximize returns
Direxion NASDAQ Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Direxion NASDAQ'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 | 0.0755 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0826 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Direxion NASDAQ 100 Equal. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of Direxion NASDAQ 100 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 NASDAQ's value that differs from its market value or its book value, called intrinsic value, which is Direxion NASDAQ'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 NASDAQ's market value can be influenced by many factors that don't directly affect Direxion NASDAQ'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 NASDAQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion NASDAQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion NASDAQ'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.