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NVDD Stock Summary and Trading Ideas (Direxion Daily Nvda Bear 1X | NASDAQ:NVDD)

Charts for Today's Stock Price and Implied Volatility in Direxion Daily Nvda Bear 1X

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30-Day Implied Volatility | IV30 Full Chart

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Direxion Daily Nvda Bear 1X (NVDD) Frequently Asked Questions

What does Direxion Daily Nvda Bear 1X do?

The Direxion Daily NVDA Bear 1X Shares (NVDD) seeks daily inverse investment results and is very different from most other exchange-traded funds. Longer holding periods and higher volatility of NVDA increase the impact of compounding on an investor's returns. During periods of higher volatility, the volatility of NVDA may affect the fund's return as much as, or more than, the return of NVDA.

What symbol and exchange does Direxion Daily Nvda Bear 1X shares trade?

Direxion Daily Nvda Bear 1X trades on the NASDAQ stock market under the symbol NVDD.

What is Direxion Daily Nvda Bear 1X stock price doing today?

As of December 11, 2024, NVDD stock price declined to $6.31 with 5,537,450 million shares trading.

What is Direxion Daily Nvda Bear 1X's Beta?

NVDD has a beta of -2.99, meaning it tends to be less sensitive to market movements. NVDD has a correlation of 0.55 to the broad based SPY ETF.

How much is Direxion Daily Nvda Bear 1X worth?

NVDD has a market cap of $25.56 million. This is considered a Sub-Micro Cap stock.

Is Direxion Daily Nvda Bear 1X (NVDD) a good investment?

NVDD has underperformed the market in the last year with a price return of -70.8% while the SPY ETF gained +33.5%. NVDD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -23.9% and -1.9%, respectively, while the SPY returned +11.0% and +1.1%, respectively.

What are the support and resistance levels for Direxion Daily Nvda Bear 1X (NVDD)?

NVDD support price is $6.34 and resistance is $6.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NVDD shares will trade within this expected range on the day.