Direxion Daily 20 Etf Statistic Functions Beta
| TMV Etf | USD 38.79 2.12 5.78% |
| Symbol |
This analysis covers thirty-seven data points across the selected time horizon. The Beta measures systematic risk based on how returns on Direxion Daily 20 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 20 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
Applying technical analysis to Direxion Daily involves studying indicator readings across multiple timeframes to gauge trend persistence and turning points. Divergences between price action and indicator readings often precede meaningful reversals or acceleration.| Cycle Indicators | ||
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Methodology, Assumptions & Data Sources
A multi-year look at Direxion Daily's Statistic Functions is shown below. Comparing against peers in the same sector adds useful context.
Data shown for Direxion Daily 20 is aggregated from fund disclosures and market reference feeds and normalized across reporting formats. Source publication cadence can introduce delays.