Direxion Daily Financial Statements From 2010 to 2026
| SPDN Etf | USD 9.44 0.06 0.63% |
Market Capitalisation {Big=-, Small=-, Mega=-, Medium=-, Micro=-} |
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.
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Pair Trading with Direxion Daily
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 Daily 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 Daily will appreciate offsetting losses from the drop in the long position's value.Moving together with Direxion Etf
| 1.0 | SH | ProShares Short SP500 | PairCorr |
| 0.83 | PSQ | ProShares Short QQQ | PairCorr |
| 0.98 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.99 | SDS | ProShares UltraShort | PairCorr |
| 0.98 | SPXS | Direxion Daily SP | PairCorr |
Moving against Direxion Etf
| 0.95 | SPY | SPDR SP 500 | PairCorr |
| 0.95 | IVV | iShares Core SP | PairCorr |
| 0.93 | VTI | Vanguard Total Stock | PairCorr |
| 0.93 | TOT | Advisor Managed Port | PairCorr |
| 0.57 | VUG | Vanguard Growth Index | PairCorr |
The ability to find closely correlated positions to Direxion Daily 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 Daily 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 Daily - 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 Daily SP to buy it.
The correlation of Direxion Daily 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 Daily moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Direxion Daily SP 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 Daily 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 Daily Correlation against competitors. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Understanding Direxion Daily SP requires distinguishing between market price and book value, where the latter reflects Direxion's accounting equity. The concept of intrinsic value - what Direxion Daily's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Direxion Daily's price substantially above or below its fundamental 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. In contrast, Direxion Daily's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.