Direxion Daily Mid Etf Fundamentals
| MIDU Etf | USD 65.81 3.10 4.94% |
Direxion Daily Mid 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.
Direxion |
Direxion Daily Mid ETF Price To Book Analysis
Direxion Daily's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Direxion Daily Price To Book | 2.25 X |
Most of Direxion Daily's fundamental indicators, such as Price To Book, 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 Mid is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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Direxion Daily Price To Book Component Assessment
Based on the latest financial disclosure, Direxion Daily Mid has a Price To Book of 2.25 times. This is 99.12% higher than that of the Direxion Funds family and 24.72% higher than that of the Family category. The price to book for all United States etfs is notably lower than that of the firm.
Direxion Daily Mid Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Direxion Daily's current stock value. Our valuation model uses many indicators to compare Direxion Daily value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Direxion Daily competition to find correlations between indicators driving Direxion Daily's intrinsic value. More Info.Direxion Daily Mid is regarded third largest ETF in price to earning as compared to similar ETFs. It also is regarded third largest ETF in price to book as compared to similar ETFs fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Direxion Daily Mid is roughly 9.23 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Direxion Daily 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 Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Direxion Daily's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Direxion Daily could also be used in its relative valuation, which is a method of valuing Direxion Daily by comparing valuation metrics of similar companies.Direxion Daily is currently under evaluation in price to book as compared to similar ETFs.
Fund Asset Allocation for Direxion Daily
The fund invests 49.48% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Direxion Daily's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Direxion Fundamentals
| Price To Earning | 20.76 X | |||
| Price To Book | 2.25 X | |||
| Price To Sales | 1.26 X | |||
| Number Of Employees | 127 | |||
| Beta | 3.19 | |||
| Total Asset | 36.39 M | |||
| One Year Return | 74.30 % | |||
| Three Year Return | (5.40) % | |||
| Five Year Return | 6.50 % | |||
| Ten Year Return | 10.50 % | |||
| Net Asset | 36.39 M | |||
| Last Dividend Paid | 0.01 | |||
| Equity Positions Weight | 49.48 % |
About Direxion Daily Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Direxion Daily Mid'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 Mid 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.The fund, under normal circumstances, invests at least 80 percent of its net assets in financial instruments, such as swap agreements, securities of the index, exchange-traded funds that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. Mid Cap is traded on NYSEARCA Exchange in the United States.
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Check out Direxion Daily Piotroski F Score and Direxion Daily Altman Z Score analysis. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
The market value of Direxion Daily Mid 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.