Direxion Etf Market Value

FNGG
 Etf
  

USD 3.91  0.09  2.25%   

Direxion Large's market value is the price at which a share of Direxion Large stock trades on a public exchange. It measures the collective expectations of Direxion Large Caps investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Direxion Large Caps and determine expected loss or profit from investing in Direxion Large over a given investment horizon. Please check Direxion Large Correlation, Direxion Large Volatility and Direxion Large Alpha and Beta module to complement your research on Direxion Large.
Symbol

The market value of Direxion Large Caps 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 Large's value that differs from its market value or its book value, called intrinsic value, which is Direxion Large'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 Large's market value can be influenced by many factors that don't directly affect Direxion Large'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 Large's value and its price as these two are different measures arrived at by different means. Investors typically determine Direxion Large value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Large'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.

Direxion Large 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Direxion Large's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Direxion Large.
0.00
10/29/2022
No Change 0.00  0.0 
In 30 days
11/28/2022
0.00
If you would invest  0.00  in Direxion Large on October 29, 2022 and sell it all today you would earn a total of 0.00 from holding Direxion Large Caps or generate 0.0% return on investment in Direxion Large over 30 days. Direxion Large is related to or competes with SP 500, and Microsectors. The index is an equal-weighted index designed to include Facebook, Apple, Amazon, Netflix and Google and similar highly-... More

Direxion Large Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Direxion Large's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Direxion Large Caps upside and downside potential and time the market with a certain degree of confidence.

Direxion Large Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Direxion Large's standard deviation. In reality, there are many statistical measures that can use Direxion Large historical prices to predict the future Direxion Large's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Direxion Large's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Direxion Large in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.203.919.50
Details
Intrinsic
Valuation
LowReal ValueHigh
0.193.759.34
Details
Naive
Forecast
LowNext ValueHigh
0.084.199.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3.663.924.18
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Direxion Large. Your research has to be compared to or analyzed against Direxion Large's peers to derive any actionable benefits. When done correctly, Direxion Large's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Direxion Large Caps.

Direxion Large Caps Backtested Returns

Direxion Large Caps secures Sharpe Ratio (or Efficiency) of -0.0686, which denotes the etf had -0.0686% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Direxion Large Caps exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Direxion Large Caps mean deviation of 4.31, and Coefficient Of Variation of (1,217) to check the risk estimate we provide.
The etf shows a Beta (market volatility) of 3.0571, which means a somewhat significant risk relative to the market. Let's try to break down what Direxion's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Direxion Large will likely underperform. Even though it is essential to pay attention to Direxion Large Caps historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Direxion Large Caps exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.54  

Modest predictability

Direxion Large Caps has modest predictability. Overlapping area represents the amount of predictability between Direxion Large time series from 29th of October 2022 to 13th of November 2022 and 13th of November 2022 to 28th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Direxion Large Caps price movement. The serial correlation of 0.54 indicates that about 54.0% of current Direxion Large price fluctuation can be explain by its past prices.
Correlation Coefficient0.54
Spearman Rank Test0.38
Residual Average0.0
Price Variance0.03

Direxion Large Caps lagged returns against current returns

Autocorrelation, which is Direxion Large etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Direxion Large's etf expected returns. We can calculate the autocorrelation of Direxion Large returns to help us make a trade decision. For example, suppose you find that Direxion Large etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Direxion Large regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Direxion Large etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Direxion Large etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Direxion Large etf over time.
   Current vs Lagged Prices   
Share
       Timeline  

Direxion Large Lagged Returns

When evaluating Direxion Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Direxion Large etf have on its future price. Direxion Large autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Direxion Large autocorrelation shows the relationship between Direxion Large etf current value and its past values and can show if there is a momentum factor associated with investing in Direxion Large Caps.
   Regressed Prices   
Share
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Direxion Large in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Direxion Large's short interest history, or implied volatility extrapolated from Direxion Large options trading.

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Please check Direxion Large Correlation, Direxion Large Volatility and Direxion Large Alpha and Beta module to complement your research on Direxion Large. Note that the Direxion Large Caps information on this page should be used as a complementary analysis to other Direxion Large's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Direxion Large Caps price analysis, check to measure Direxion Large's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Direxion Large is operating at the current time. Most of Direxion Large's value examination focuses on studying past and present price action to predict the probability of Direxion Large's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Direxion Large's price. Additionally, you may evaluate how the addition of Direxion Large to your portfolios can decrease your overall portfolio volatility.
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Direxion Large 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.
A focus of Direxion Large technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Direxion Large trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...