Direxion Shares Financial Statements From 2010 to 2024
| HCMT Etf | 37.80 0.53 1.42% |
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 One Year Return Analysis
Direxion Shares' One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Direxion Shares One Year Return | 53.10 % |
Most of Direxion Shares' fundamental indicators, such as One Year Return, 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.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, Direxion Shares ETF has an One Year Return of 53%. This is much higher than that of the family and significantly higher than that of the Large Blend category. The one year return for all United States etfs is notably lower than that of the firm.
About Direxion Shares Financial Statements
Direxion Shares shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Direxion Shares investors may analyze each financial statement separately, they are all interrelated. The changes in Direxion Shares' assets and liabilities, for example, are also reflected in the revenues and expenses on on Direxion Shares' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Direxion Shares is entity of United States. It is traded as Etf on NYSE ARCA exchange.
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Check out the analysis of Direxion Shares Correlation against competitors. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Direxion Shares ETF 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 Shares' value that differs from its market value or its book value, called intrinsic value, which is Direxion Shares' 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 Shares' market value can be influenced by many factors that don't directly affect Direxion Shares' 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 Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Shares' 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.