Direxion Financial Statements From 2010 to 2024
| MSGR Etf | USD 13.91 0.00 0.00% |
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.
Direxion |
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 | 3.38 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.
CompetitionBased on the recorded statements, Direxion has a Net Asset of 3.38 M. This is 98.6% lower than that of the Direxion Funds family and significantly higher than that of the Health category. The net asset for all United States etfs is 99.85% higher than that of the company.
About Direxion Financial Statements
Direxion 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 investors may analyze each financial statement separately, they are all interrelated. The changes in Direxion's assets and liabilities, for example, are also reflected in the revenues and expenses on on Direxion's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The fund, under normal circumstances, invests at least 80 percent of its assets in the securities that comprise the index or investments with economic characteristics similar to the securities included in the index. Direxion Shares is traded on NYSEARCA Exchange in the United States.
Check out Correlation Analysis 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 price. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of Direxion 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's value that differs from its market value or its book value, called intrinsic value, which is Direxion'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's market value can be influenced by many factors that don't directly affect Direxion'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion'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.