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ETFs signal
LABU

LABU

Direxion Daily S&P Biotech Bull 3X Shares

ETFsPCXUSD-95.9% from ATH
Current Price

$184.63

Drawdown from ATH

-95.9%

Last Updated

Jun 17, 2026

Dipsern Grade90d

C

Marginal

Graded against LABU's own history at this drawdown — not the market's.

What it means: LABU's own history does not strongly favor buying at this level yet.

What to do: Consider watching and waiting for a deeper dip or a higher grade.

Median 90-Day Return
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Historical Win Rate
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Last 30 days-1.34%
May 5Jun 16
About LABU

Direxion Daily S&P Biotech Bull 3X Shares

The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards ("GICS"). The fund is non-diversified.

The reading

How Dipsern reads LABU right now.

Three plain-English paragraphs — current state, historical base rate, and interpretation — so you walk away with context, not a dashboard.

Snapshot

How is LABU doing right now?

In plain terms: LABU is 95.9% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.

As of the latest market close, Direxion Daily S&P Biotech Bull 3X Shares (LABU) is trading in a historic crash, 95.9% below its all-time high at $184.63. When an asset is this far below its peak, the binary becomes recovery vs. zero. Dipsern's segmentation answers the question with data, not narratives.

Historical base rate

What history says at this drawdown

History at this drawdown level is well-populated for LABU — 974 confirmed observations in the 100%-to-95% band. The Dipsern engine uses these to compute a rolling median rather than a mean, because medians are robust to the kind of fat tails you find in etfs return distributions. The win rate (% of episodes that closed positive after 90 days) is shown in the segments table below.

Interpretation

What this means for LABU

ETFs aggregate constituent behavior, so their drawdowns tend to be shallower but more persistent than single stocks. The median forward return at a given drawdown level for an ETF is usually a more stable signal than for an individual equity. In crash territory, the most informative number is the worst observed forward return — not the median. The full app shows the max-loss column for the current segment.

Read how Dipsern grades signals
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Historical depth

Sample sizes by drawdown band

Dipsern segments the full drawdown range into 20 equal-width bands. The table shows the number of confirmed historical observations in each band for LABU. Median forward returns, win rates, and prediction errors are available in the full analysis.

Drawdown BandObservationsMedian ReturnWin Rate
-100% to -95%Current974
-95% to -90%94
-90% to -85%174
-85% to -80%330
-80% to -75%324
-75% to -70%267
-70% to -65%169
-65% to -60%128
-60% to -55%93
-55% to -50%53
-50% to -45%25
-45% to -40%15
Methodology

Every grade is reproducible.

We segment 40+ years of LABU's price history into 20 equal-width drawdown bands and compute forward median returns, win rates, and prediction error per band. No look-ahead bias. Pure NumPy. Open math, gated numbers.

Read the methodologyBrowse the API

Years of history

40+

Drawdown bands

20

Look-ahead bias

None

Data sources

4

Unlock LABU's full analysis

See the Dipsern grade, median returns, win rates, prediction accuracy, 8 interactive charts, historical price paths, and a plain-English verdict for LABU.

Dipsern is research and a second opinion — not a broker. You'd buy LABU at your own broker.

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Signal computed Jun 17, 2026 using default parameters (90-day return period, 20 segments, 0.95 decay). Data sourced from Yahoo Finance, Binance, CoinGecko, and Steam Market.