Direxion Shares Financial Statements From 2010 to 2026
| LMBO Etf | 17.88 2.23 11.09% |
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.
Direxion | Build AI portfolio with Direxion Etf |
Pair Trading with Direxion Shares
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 Shares 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 Shares will appreciate offsetting losses from the drop in the long position's value.Moving against Direxion Etf
| 0.59 | LABU | Direxion Daily SP | PairCorr |
| 0.48 | AHYB | American Century ETF | PairCorr |
| 0.46 | BINC | BlackRock ETF Trust | PairCorr |
| 0.39 | RDIV | Invesco SP Ultra | PairCorr |
| 0.36 | OASC | OneAscent Small Cap | PairCorr |
The ability to find closely correlated positions to Direxion Shares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Direxion Shares 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 Direxion Shares - 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 Direxion Shares ETF to buy it.
The correlation of Direxion Shares 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 Direxion Shares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Direxion Shares ETF 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 Direxion Shares 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 the analysis of Direxion Shares Correlation against competitors. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Direxion Shares ETF's market price often diverges from its book value, the accounting figure shown on Direxion's balance sheet. Smart investors calculate Direxion Shares' intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Direxion Shares' trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Understanding that Direxion Shares' value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Direxion Shares represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. 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.