Direxion Daily Financial Statements From 2010 to 2024
| JNUG Etf | USD 45.38 1.55 3.54% |
Check Direxion Daily financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Direxion Daily'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 Daily Valuation or Volatility modules.
Direxion |
Direxion Daily Junior ETF Price To Book Analysis
Direxion Daily's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Direxion Daily Price To Book | 1.09 X |
Most of Direxion Daily's fundamental indicators, such as Price To Book, 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 Daily Junior is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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Direxion Daily Price To Book Component Assessment
Based on the latest financial disclosure, Direxion Daily Junior has a Price To Book of 1.09 times. This is 3.54% lower than that of the Direxion Funds family and 39.58% lower than that of the Family category. The price to book for all United States etfs is 179.49% lower than that of the firm.
Direxion Daily Junior Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Direxion Daily's current stock value. Our valuation model uses many indicators to compare Direxion Daily value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Direxion Daily competition to find correlations between indicators driving Direxion Daily's intrinsic value. More Info.Direxion Daily Junior is rated fourth overall ETF in price to earning as compared to similar ETFs. It also is rated fourth overall ETF in price to book as compared to similar ETFs fabricating about 0.06 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Direxion Daily Junior is roughly 15.88 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Direxion Daily by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About Direxion Daily Financial Statements
Direxion Daily stakeholders use historical fundamental indicators, such as Direxion Daily's revenue or net income, to determine how well the company is positioned to perform in the future. Although Direxion Daily investors may analyze each financial statement separately, they are all interrelated. For example, changes in Direxion Daily's assets and liabilities are reflected in the revenues and expenses on Direxion Daily's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Direxion Daily Junior. Please read more on our technical analysis and fundamental analysis pages.
The fund invests at least 80 percent of its net assets in financial instruments, such as swap agreements, ETFs that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. Junior Gold is traded on NYSEARCA Exchange in the United States.
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When determining whether Direxion Daily Junior is a strong investment it is important to analyze Direxion Daily's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Direxion Daily's future performance. For an informed investment choice regarding Direxion Etf, refer to the following important reports:Check out the analysis of Direxion Daily Correlation against competitors. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
The market value of Direxion Daily Junior 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 Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily's 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 Daily's market value can be influenced by many factors that don't directly affect Direxion Daily's 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 Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily's 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.