Direxion Daily Etf Forward View - Triple Exponential Smoothing
| FAS Etf | USD 116.02 0.69 0.60% |
This reference page presents Triple Exponential Smoothing forecast data for Direxion Daily Financial. The model output shown here is derived from Direxion Daily's historical price series and is provided for informational purposes.
The Triple Exponential Smoothing forecasted value of Direxion Daily Financial on the next trading day is expected to be 115.16 with a mean absolute deviation of 3.84 and the sum of the absolute errors of 230.34.As with simple exponential smoothing, in triple exponential smoothing models past Direxion Daily observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Direxion Daily Financial observations. This Triple Exponential Smoothing forecast data for Direxion Daily Financial is sourced from the most recent available trading data and is intended solely as reference information. Triple Exponential Smoothing Price Forecast For the 22nd of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Direxion Daily Financial on the next trading day is expected to be 115.16 with a mean absolute deviation of 3.84 , mean absolute percentage error of 23.80 , and the sum of the absolute errors of 230.34 .Please note that although there have been many attempts to predict Direxion Etf prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Direxion Daily's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Etf Forecast Pattern
| Backtest Direxion Daily | Direxion Daily Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Direxion Daily Financial uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. Investors should still remember that no empirical framework consistently proves that one family of forecasting models will outperform all other approaches in live markets.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Direxion Daily etf data series using in forecasting. Note that when a statistical model is used to represent Direxion Daily etf, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | 0.7684 |
| MAD | Mean absolute deviation | 3.8389 |
| MAPE | Mean absolute percentage error | 0.026 |
| SAE | Sum of the absolute errors | 230.3355 |
Other Forecasting Options for Direxion Daily
For every potential investor in Direxion, whether a beginner or expert, Direxion Daily's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better.Direxion Daily Related Equities
The following equities are related to Direxion Daily within the Trading--Leveraged Equity space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Direxion Daily against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Direxion Daily Market Strength Events
Market strength indicators help investors to evaluate how Direxion Daily 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 Daily shares will generate the highest return on.
| Accumulation Distribution | 49996.58 | |||
| Daily Balance Of Power | 0.1811 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 115.9 | |||
| Day Typical Price | 115.94 | |||
| Price Action Indicator | 0.47 | |||
| Period Momentum Indicator | 0.69 |
Direxion Daily Risk Indicators
The analysis of Direxion Daily's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Direxion Daily's investment and either accepting that risk or mitigating it.
| Mean Deviation | 2.39 | |||
| Standard Deviation | 3.07 | |||
| Variance | 9.44 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Direxion Daily
A coverage review of Direxion Daily Financial shows when the security is attracting above-average attention from contributors and market observers. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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More Resources for Direxion Etf Analysis
The foundation for reviewing Direxion Daily Financial is its financial reporting and trend data. Financial ratios help explain how results are produced and sustained.Direxion Daily's projection data benefits from cross-verification using Historical Fundamental Analysis of Direxion Daily. Historical trends in Direxion Daily's fundamentals help frame the current projections. Comparing projected values to historical ranges helps frame the plausibility of estimates. Figures are sourced from regulatory filings and reported data. Direxion Daily currently shows P/E of 16.78. Direxion Daily data on this page supports broader research - the resources below add portfolio-level context. For Direxion Daily, the analytical tools below add portfolio-level context that single-security review alone cannot provide. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Book value captures Direxion accounting equity, while market value captures the collective view of participants. Direxion Daily P/B of 1.61 shows the market assigns a modest premium over accounting equity. For Direxion Daily, intrinsic value estimation helps reconcile what the market pays with what the books show. The three perspectives together offer a richer context than any single measure alone. All figures are presented for informational review and are not prescriptive.
Note that Direxion Daily's intrinsic value and market price are different measures derived from different inputs. For Direxion Daily, key inputs include a P/E ratio of 16.78, and a P/B ratio of 1.61. Direxion Daily's trading price represents the transaction level agreed by market participants.