Direxion Daily Googl Etf Market Value
| GGLL Etf | USD 108.79 3.33 3.16% |
| Symbol | Direxion |
The market value of Direxion Daily GOOGL 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 Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily'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 Daily's market value can be influenced by many factors that don't directly affect Direxion Daily'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 Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily'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 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.
| 10/28/2025 |
| 01/26/2026 |
If you would invest 0.00 in Direxion Daily on October 28, 2025 and sell it all today you would earn a total of 0.00 from holding Direxion Daily GOOGL or generate 0.0% return on investment in Direxion Daily over 90 days. Direxion Daily is related to or competes with Direxion Daily, MicroSectors FANG, REX FANG, VanEck Pharmaceutical, First Trust, Innovator Equity, and SMI 3Fourteen. The fund will enter into one or more swap agreements with major global financial institutions whereby the fund and the g... 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 GOOGL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | 0.1817 | |||
| Maximum Drawdown | 19.05 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 7.0 |
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 | 0.1568 | |||
| Jensen Alpha | 0.6247 | |||
| Total Risk Alpha | 0.3905 | |||
| Sortino Ratio | 0.2085 | |||
| Treynor Ratio | 0.4702 |
Direxion Daily January 26, 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 | 0.1568 | |||
| Market Risk Adjusted Performance | 0.4802 | |||
| Mean Deviation | 2.81 | |||
| Semi Deviation | 2.68 | |||
| Downside Deviation | 3.18 | |||
| Coefficient Of Variation | 492.16 | |||
| Standard Deviation | 3.65 | |||
| Variance | 13.3 | |||
| Information Ratio | 0.1817 | |||
| Jensen Alpha | 0.6247 | |||
| Total Risk Alpha | 0.3905 | |||
| Sortino Ratio | 0.2085 | |||
| Treynor Ratio | 0.4702 | |||
| Maximum Drawdown | 19.05 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 7.0 | |||
| Downside Variance | 10.1 | |||
| Semi Variance | 7.2 | |||
| Expected Short fall | (3.08) | |||
| Skewness | 0.4959 | |||
| Kurtosis | 0.7238 |
Direxion Daily GOOGL Backtested Returns
Direxion Daily appears to be very steady, given 3 months investment horizon. Direxion Daily GOOGL secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the etf had a 0.2 % return per unit of risk over the last 3 months. By reviewing Direxion Daily's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please utilize Direxion Daily's Mean Deviation of 2.81, coefficient of variation of 492.16, and Downside Deviation of 3.18 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.55, 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 | 0.87 |
Very good predictability
Direxion Daily GOOGL has very good predictability. Overlapping area represents the amount of predictability between Direxion Daily time series from 28th of October 2025 to 12th of December 2025 and 12th of December 2025 to 26th 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 GOOGL price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Direxion Daily price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 40.48 |
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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.