Direxion Financial Statements From 2010 to 2026
Direxion's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Direxion's valuation are provided below:Direxion does not presently have any fundamental signals for analysis.
This module can also supplement various Direxion Technical models . Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
Check Direxion financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Direxion's main balance sheet or income statement drivers, such as , as well as many indicators such as . Direxion financial statements analysis is a perfect complement when working with Direxion Valuation or Volatility modules.
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Direxion ETF Net Asset Analysis
Direxion's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Direxion Net Asset | 3.16 M |
Most of Direxion's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Direxion is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
CompetitionDirexion Net Asset Component Assessment
Based on the recorded statements, Direxion has a Net Asset of 3.16 M. This is 98.7% lower than that of the Direxion Funds family and 99.13% lower than that of the Family category. The net asset for all United States etfs is 99.86% higher than that of the company.
Pair Trading with Direxion
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Direxion position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Direxion will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Humana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Humana when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Humana - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Humana Inc to buy it.
The correlation of Humana is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Humana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Humana Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Humana can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Other Tools for Direxion Etf
When running Direxion's price analysis, check to measure Direxion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Direxion is operating at the current time. Most of Direxion's value examination focuses on studying past and present price action to predict the probability of Direxion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direxion's price. Additionally, you may evaluate how the addition of Direxion to your portfolios can decrease your overall portfolio volatility.
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| Fundamental Analysis View fundamental data based on most recent published financial statements | |
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