Direxion Financials
| KLNE Etf | USD 6.28 0.06 0.95% |
Direxion |
The data published in Direxion's official financial statements typically reflect Direxion's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Direxion's quantitative information. For example, before you start analyzing numbers published by Direxion accountants, it's essential to understand Direxion's liquidity, profitability, and earnings quality within the context of the Direxion Funds space in which it operates.
Please note, the presentation of Direxion's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Direxion's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Direxion's management manipulating its earnings.
Direxion Etf Summary
Direxion competes with Direxion Daily, and ProShares Ultra. The index is designed to track the performance of companies from developed markets whose economic fortunes are tied to the global clean energy business. Direxion Daily is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NASDAQ Exchange |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | Direxion Funds |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Direxion Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Direxion's current stock value. Our valuation model uses many indicators to compare Direxion value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Direxion competition to find correlations between indicators driving Direxion's intrinsic value. More Info.Direxion is rated third overall ETF in one year return as compared to similar ETFs. It also is rated third overall ETF in net asset as compared to similar ETFs . Comparative valuation analysis is a catch-all technique that is used if you cannot value Direxion 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.Direxion Market Pulse
| Quote | 6.28 |
| Change(%) | 0.95 |
| Change | 0.06 |
| Open | 6.34 |
| Low | 6.28 |
| High | 6.38 |
| Volume | 0 |
| Exchange | NASDAQ |
About Direxion Financials
What exactly are Direxion Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Direxion's income statement, its balance sheet, and the statement of cash flows. Potential Direxion investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Direxion investors may use each financial statement separately, they are all related. The changes in Direxion's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Direxion's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Direxion December 17, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Direxion help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Direxion. We use our internally-developed statistical techniques to arrive at the intrinsic value of Direxion based on widely used predictive technical indicators. In general, we focus on analyzing Direxion Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Direxion's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.0139 | |||
| Maximum Drawdown | 15.76 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 4.39 |
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 board of governors. You can also try the Stocks Directory module to find actively traded stocks across global markets.
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.