Direxion Daily SAMPP Etf Statistic Functions Beta
| LABU Etf | USD 142.74 -7.27 -4.85% |
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This analysis covers thirty-seven data points across the selected time horizon. The Beta measures systematic risk based on how returns on Direxion Daily SAMPP correlated with the market. If Beta is less than 0 Direxion Daily generally moves in the opposite direction as compared to the market. If Direxion Daily Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Direxion Daily SAMPP is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Direxion Daily is generally in the same direction as the market. If Beta > 1 Direxion Daily moves generally in the same direction as, but more than the movement of the benchmark.
Direxion Daily Technical Analysis Modules
Technical analysis of Direxion Daily uses historical price and volume data to identify patterns that may signal where the Direxion trend is heading. Combining trend-following and mean-reversion signals can improve timing for Direxion entries and exits.| Cycle Indicators | ||
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Methodology, Assumptions & Data Sources
Direxion Daily's Statistic Functions is shown quarter by quarter below. Comparing against peers in the same sector adds useful context.
Data shown for Direxion Daily SAMPP is aggregated from fund disclosures and market reference feeds and normalized across reporting formats. Source publication cadence can introduce delays.