Direxion Etf Key Fundamental Indicators
In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of Direxion, as well as the relationship between them.
Direxion's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Direxion's valuation are provided below:Direxion does not presently have any fundamental signals for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Direxion | Build AI portfolio with Direxion Etf |
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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
CompetitionDirexion Net Asset Component Assessment
Based on the recorded statements, Direxion has a Net Asset of 16.42 M. This is 93.22% lower than that of the Direxion Funds family and 95.46% lower than that of the Family category. The net asset for all United States etfs is 99.28% higher than that of the company.
Direxion Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Direxion's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Direxion could also be used in its relative valuation, which is a method of valuing Direxion by comparing valuation metrics of similar companies.Direxion is currently under evaluation in net asset as compared to similar ETFs.
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 number one ETF in net asset as compared to similar ETFs. It also is rated number one ETF in equity positions weight as compared to similar ETFs . The ratio of Net Asset to Equity Positions Weight for Direxion is about 202,616 . 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.Fund Asset Allocation for Direxion
The fund consists of 81.04% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides Direxion'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 for 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 manage securities in the fund's portfolio as market conditions and the fund's objectives change.
Direxion Fundamentals
| Number Of Employees | 177 | |||
| Total Asset | 16.42 M | |||
| Net Asset | 16.42 M | |||
| Equity Positions Weight | 81.04 % |
Currently Active Assets on Macroaxis
| FSLY | Fastly Class A | |
| MOB | Mobilicom Limited American | |
| CMG | Chipotle Mexican Grill | |
| CSAN | Cosan SA ADR | |
| RKT | Rocket Companies |
Check out Your Equity Center 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 metropolitan statistical area. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Tools for Direxion Etf
When running Direxion's price analysis, check to measure Direxion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Direxion is operating at the current time. Most of Direxion's value examination focuses on studying past and present price action to predict the probability of Direxion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direxion's price. Additionally, you may evaluate how the addition of Direxion to your portfolios can decrease your overall portfolio volatility.
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