Direxion Daily Real Etf Market Value
| DRN Etf | USD 8.71 0.29 3.22% |
| Symbol | Direxion |
Understanding Direxion Daily Real requires distinguishing between market price and book value, where the latter reflects Direxion's accounting equity. The concept of intrinsic value—what Direxion Daily's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Direxion Daily's price substantially above or below its fundamental value.
It's important to distinguish between Direxion Daily's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Direxion Daily should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Direxion Daily's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.
Direxion Daily '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 Daily'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 Daily.
| 10/31/2025 |
| 01/29/2026 |
If you would invest 0.00 in Direxion Daily on October 31, 2025 and sell it all today you would earn a total of 0.00 from holding Direxion Daily Real or generate 0.0% return on investment in Direxion Daily over 90 days. Direxion Daily is related to or competes with Direxion Daily, ProShares Ultra, Direxion Daily, Cohen Steers, Direxion Daily, Innovator Buffer, and First Trust. The fund invests at least 80 percent of its net assets in financial instruments, such as swap agreements, securities of ... More
Direxion Daily 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 Daily'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 Daily Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.62 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 3.24 |
Direxion Daily Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Daily's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Direxion Daily's standard deviation. In reality, there are many statistical measures that can use Direxion Daily historical prices to predict the future Direxion Daily's volatility.| Risk Adjusted Performance | 0.0099 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.0002) |
Direxion Daily January 29, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0099 | |||
| Market Risk Adjusted Performance | 0.0098 | |||
| Mean Deviation | 1.58 | |||
| Semi Deviation | 2.3 | |||
| Downside Deviation | 2.45 | |||
| Coefficient Of Variation | 21245.05 | |||
| Standard Deviation | 2.06 | |||
| Variance | 4.23 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.0002) | |||
| Maximum Drawdown | 9.62 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 3.24 | |||
| Downside Variance | 5.98 | |||
| Semi Variance | 5.3 | |||
| Expected Short fall | (1.47) | |||
| Skewness | (0.45) | |||
| Kurtosis | 0.1745 |
Direxion Daily Real Backtested Returns
As of now, Direxion Etf is not too volatile. Direxion Daily Real secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the etf had a close to zero % return per unit of risk over the last 3 months. We have found thirty technical indicators for Direxion Daily Real, which you can use to evaluate the volatility of the entity. Please confirm Direxion Daily's Coefficient Of Variation of 21245.05, downside deviation of 2.45, and Mean Deviation of 1.58 to check if the risk estimate we provide is consistent with the expected return of 0.0097%. The etf shows a Beta (market volatility) of 1.36, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Direxion Daily will likely underperform.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Direxion Daily Real has insignificant reverse predictability. Overlapping area represents the amount of predictability between Direxion Daily time series from 31st of October 2025 to 15th of December 2025 and 15th of December 2025 to 29th of January 2026. 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 Daily Real price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Direxion Daily price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Pair Trading with Direxion Daily
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Direxion Daily position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Direxion Daily will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Direxion Daily could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Direxion Daily when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Direxion Daily - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Direxion Daily Real to buy it.
The correlation of Direxion Daily is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Direxion Daily moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Direxion Daily Real moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Direxion Daily can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Direxion Daily Correlation, Direxion Daily Volatility and Direxion Daily Performance module to complement your research on Direxion Daily. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Direxion Daily 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.