Direxion Daily Avgo Etf Working Capital
| AVL Etf | 37.04 0.21 0.56% |
Direxion Daily AVGO fundamentals help investors to digest information that contributes to Direxion Daily's financial success or failures. It also enables traders to predict the movement of Direxion Etf. The fundamental analysis module provides a way to measure Direxion Daily's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Direxion Daily etf.
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Direxion Daily AVGO ETF Working Capital Analysis
Direxion Daily's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Current Direxion Daily Working Capital | 33.78 M |
Most of Direxion Daily's fundamental indicators, such as Working Capital, 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 Daily AVGO is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
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In accordance with the company's disclosures, Direxion Daily AVGO has a Working Capital of 33.78 M. This is much higher than that of the family and significantly higher than that of the Working Capital category. The working capital for all United States etfs is notably lower than that of the firm.
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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Direxion Fundamentals
| Net Income | (2.33 M) | |||
| Cash And Equivalents | 3.85 M | |||
| Cash Per Share | 0.03 X | |||
| Current Ratio | 3.80 X | |||
| Cash Flow From Operations | (2.81 M) | |||
| Earnings Per Share | (0.02) X | |||
| Beta | 2.93 | |||
| Market Capitalization | 14.21 M | |||
| Total Asset | 89.61 M | |||
| Retained Earnings | (51.03 M) | |||
| Working Capital | 33.78 M | |||
| Current Asset | 4.77 M | |||
| Current Liabilities | 1.26 M |
About Direxion Daily Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Direxion Daily AVGO's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Direxion Daily using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Direxion Daily AVGO based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out Direxion Daily Piotroski F Score and Direxion Daily Altman Z Score analysis. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
The market value of Direxion Daily AVGO 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 Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily'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 Daily's market value can be influenced by many factors that don't directly affect Direxion Daily'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 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. However, Direxion Daily'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.