Direxion Shares Financial Statements From 2010 to 2024
| FAS Etf | MXN 3,736 1.00 0.03% |
Check Direxion Shares financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Direxion Shares' 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 Shares Valuation or Volatility modules.
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Direxion Shares ETF ETF Price To Sales Analysis
Direxion Shares' Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current Direxion Shares Price To Sales | 2.78 X |
Most of Direxion Shares' fundamental indicators, such as Price To Sales, 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 Shares ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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Based on the latest financial disclosure, Direxion Shares ETF has a Price To Sales of 2.78 times. This is much higher than that of the Direxion Funds family and significantly higher than that of the Price To Sales category. The price to sales for all Mexico etfs is notably lower than that of the firm.
Direxion Shares ETF Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Direxion Shares's current stock value. Our valuation model uses many indicators to compare Direxion Shares value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Direxion Shares competition to find correlations between indicators driving Direxion Shares's intrinsic value. More Info.Direxion Shares ETF is rated below average in price to earning as compared to similar ETFs. It is rated below average in price to book as compared to similar ETFs fabricating about 0.10 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Direxion Shares ETF is roughly 10.42 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Direxion Shares by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Direxion Shares' Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Direxion Shares Financial Statements
Direxion Shares investors use historical fundamental indicators, such as Direxion Shares' revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Direxion Shares. Please read more on our technical analysis and fundamental analysis pages.
The investment seeks daily investment results, before fees and expenses, of 300 percent of the daily performance of the Russell 1000 Financial Services Index. DIREXION SHARES is traded on Mexico Stock Exchange in Mexico.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Direxion Etf
When determining whether Direxion Shares ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Direxion Shares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Direxion Shares Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Shares Etf:Check out the analysis of Direxion Shares Correlation against competitors. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.