Direxion Daily Technology Bull 3X Shares Shares Gap Up Heres Why
| TECL Etf | USD 95.72 4.26 4.26% |
About 62% of Direxion Daily's investor base is looking to short. The current sentiment regarding investing in Direxion Daily Technology etf implies that many traders are alarmed. Direxion Daily's investing sentiment shows overall attitude of investors towards Direxion Daily Technology.
Direxion Daily etf news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Direxion daily returns and investor perception about the current price of Direxion Daily Technology as well as its diversification or hedging effects on your existing portfolios.
Direxion |
Direxion Daily Technology Bull 3X Shares s stock price gapped up prior to trading on Thursday . The stock had previously closed at 90.83, but opened at 94.49. Direxion Daily Technology Bull 3X Shares shares last traded at 93.66, with a volume of 149,229 shares traded. Direxion Daily Technology Bull 3X
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Direxion Daily Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Direxion Daily can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Direxion Daily Fundamental Analysis
We analyze Direxion Daily's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Direxion Daily using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Direxion Daily based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Book
Price To Book Comparative Analysis
Direxion Daily is rated second largest ETF in price to book as compared to similar ETFs. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Direxion Daily Technology Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Direxion Daily etf to make a market-neutral strategy. Peer analysis of Direxion Daily could also be used in its relative valuation, which is a method of valuing Direxion Daily by comparing valuation metrics with similar companies.
Peers
Direxion Daily Related Equities
| UYG | ProShares Ultra | 0.12 |
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| FNGU | MicroSectors FANG | 0.54 |
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| SSO | ProShares Ultra | 0.60 |
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| QLD | ProShares Ultra | 0.73 |
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| SPXL | Direxion Daily | 0.90 |
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| UPRO | ProShares UltraPro | 0.94 |
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| GUSH | Direxion Daily | 1.34 |
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| LABU | Direxion Daily | 2.47 |
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| TECL | Direxion Daily | 4.26 |
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The market value of Direxion Daily Technology 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.