Direxion Work Financials
| WFH Etf | USD 64.72 0.08 0.12% |
Net Expense Ratio 0.0045 |
Direxion |
The data published in Direxion Work's official financial statements typically reflect Direxion Work'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 Work's quantitative information. For example, before you start analyzing numbers published by Direxion accountants, it's essential to understand Direxion Work's liquidity, profitability, and earnings quality within the context of the Direxion Funds space in which it operates.
Direxion Work Etf Summary
Direxion Work competes with ProShares Online, WisdomTree Cloud, Global X, and Global X. 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. Work From is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US25460G7732 |
| CUSIP | 25460G773 |
| Region | Global |
| Investment Issuer | Direxion |
| Etf Family | Direxion Funds |
| Fund Category | Strategy |
| Portfolio Concentration | Theme |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Direxion Work Key Financial Ratios
Direxion Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Direxion Work's current stock value. Our valuation model uses many indicators to compare Direxion Work value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Direxion Work competition to find correlations between indicators driving Direxion Work's intrinsic value. More Info.Direxion Work From is rated first in beta as compared to similar ETFs. It is rated first in one year return as compared to similar ETFs reporting about 29.05 of One Year Return per Beta. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Direxion Work's earnings, one of the primary drivers of an investment's value.Direxion Work From Systematic Risk
Direxion Work's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Direxion Work volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Direxion Work From correlated with the market. If Beta is less than 0 Direxion Work generally moves in the opposite direction as compared to the market. If Direxion Work Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Direxion Work From is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Direxion Work is generally in the same direction as the market. If Beta > 1 Direxion Work moves generally in the same direction as, but more than the movement of the benchmark.
About Direxion Work Financials
What exactly are Direxion Work 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 Work's income statement, its balance sheet, and the statement of cash flows. Potential Direxion Work investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Direxion Work investors may use each financial statement separately, they are all related. The changes in Direxion Work's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Direxion Work'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 Work Thematic Clasifications
Direxion Work From is part of several thematic ideas from Strategy ETFs to Theme ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasDirexion Work December 1, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Direxion Work help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Direxion Work From. We use our internally-developed statistical techniques to arrive at the intrinsic value of Direxion Work From 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 Work's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0778 | |||
| Maximum Drawdown | 5.43 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.97 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Direxion Work From. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of Direxion Work From 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 Work's value that differs from its market value or its book value, called intrinsic value, which is Direxion Work'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 Work's market value can be influenced by many factors that don't directly affect Direxion Work'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 Work's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Work is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Work'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.