Microsectors Gold Financial Statements From 2010 to 2024
| SHNY Etf | USD 43.11 0.30 0.70% |
Check Microsectors Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Microsectors Gold's main balance sheet or income statement drivers, such as , as well as many indicators such as . Microsectors financial statements analysis is a perfect complement when working with Microsectors Gold Valuation or Volatility modules.
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Microsectors Gold 3x ETF One Year Return Analysis
Microsectors Gold's 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 Microsectors Gold One Year Return | 83.80 % |
Most of Microsectors Gold's 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, Microsectors Gold 3x 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, Microsectors Gold 3x has an One Year Return of 83%. This is much higher than that of the Direxion family and significantly higher than that of the Trading--Leveraged Commodities category. The one year return for all United States etfs is notably lower than that of the firm.
About Microsectors Gold Financial Statements
Microsectors Gold investors use historical fundamental indicators, such as Microsectors Gold's 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 Microsectors Gold. Please read more on our technical analysis and fundamental analysis pages.
The investment seeks daily investment results, before fees and expenses, of 200 percent of the daily performance of the Solactive Global Silver Miners Index. Direxion Daily is traded on Archipelago Exchange in USA.
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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.When determining whether Microsectors Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Microsectors Gold's 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 Microsectors Gold 3x Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Microsectors Gold 3x Etf:Check out the analysis of Microsectors Gold Correlation against competitors. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
The market value of Microsectors Gold is measured differently than its book value, which is the value of Microsectors that is recorded on the company's balance sheet. Investors also form their own opinion of Microsectors Gold's value that differs from its market value or its book value, called intrinsic value, which is Microsectors Gold'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 Microsectors Gold's market value can be influenced by many factors that don't directly affect Microsectors Gold'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 Microsectors Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Microsectors Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Microsectors Gold'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.