Direxion Shares Etf Technical Analysis
| TSLL Etf | USD 19.92 0.66 3.21% |
As of the 28th of November, Direxion Shares shows the Downside Deviation of 6.48, mean deviation of 6.2, and Coefficient Of Variation of 591.75. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of Direxion Shares, as well as the relationship between them. Please confirm Direxion Shares ETF information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Direxion Shares ETF is priced favorably, providing market reflects its regular price of 19.92 per share.
Direxion Shares Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Direxion, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DirexionDirexion |
Direxion Shares 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.
Direxion Shares ETF Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Direxion Shares ETF volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Direxion Shares ETF Trend Analysis
Use this graph to draw trend lines for Direxion Shares ETF. You can use it to identify possible trend reversals for Direxion Shares as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Direxion Shares price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Direxion Shares Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Direxion Shares ETF applied against its price change over selected period. The best fit line has a slop of 0.18 , which means Direxion Shares ETF will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1162.88, which is the sum of squared deviations for the predicted Direxion Shares price change compared to its average price change.About Direxion Shares Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Direxion Shares ETF on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Direxion Shares ETF based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Direxion Shares ETF price pattern first instead of the macroeconomic environment surrounding Direxion Shares ETF. By analyzing Direxion Shares's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Direxion Shares's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Direxion Shares specific price patterns or momentum indicators. Please read more on our technical analysis page.
Direxion Shares November 28, 2024 Technical Indicators
Most technical analysis of Direxion help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Direxion from various momentum indicators to cycle indicators. When you analyze Direxion charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
| Risk Adjusted Performance | 0.1387 | |||
| Market Risk Adjusted Performance | 0.3679 | |||
| Mean Deviation | 6.2 | |||
| Semi Deviation | 5.51 | |||
| Downside Deviation | 6.48 | |||
| Coefficient Of Variation | 591.75 | |||
| Standard Deviation | 9.29 | |||
| Variance | 86.35 | |||
| Information Ratio | 0.1555 | |||
| Jensen Alpha | 1.06 | |||
| Total Risk Alpha | 0.1612 | |||
| Sortino Ratio | 0.2231 | |||
| Treynor Ratio | 0.3579 | |||
| Maximum Drawdown | 56.13 | |||
| Value At Risk | (11.60) | |||
| Potential Upside | 16.29 | |||
| Downside Variance | 41.95 | |||
| Semi Variance | 30.33 | |||
| Expected Short fall | (7.59) | |||
| Skewness | 1.71 | |||
| Kurtosis | 6.56 |
Direxion Shares ETF One Year Return
Based on the recorded statements, Direxion Shares ETF has an One Year Return of 52%. This is 486.38% lower than that of the Direxion Funds family and notably lower than that of the Trading--Leveraged Equity category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Shares ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
The market value of Direxion Shares ETF 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 Shares' value that differs from its market value or its book value, called intrinsic value, which is Direxion Shares' 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 Shares' market value can be influenced by many factors that don't directly affect Direxion Shares' 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 Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Shares' 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.