Direxion Shares Etf Price To Book
| TSLS Etf | USD 9.79 0.36 3.55% |
Direxion Shares ETF fundamentals help investors to digest information that contributes to Direxion Shares' 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 Shares' 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 Shares etf.
Direxion |
Direxion Shares ETF ETF Price To Book Analysis
Direxion Shares' 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.
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.
| Competition |
Based on the latest financial disclosure, Direxion Shares ETF has a Price To Book of 0.0 times. This is 100.0% lower than that of the Direxion Funds family and about the same as Trading--Inverse Equity (which currently averages 0.0) category. The price to book for all United States etfs is 100.0% higher than that of the company.
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Direxion Fundamentals
| Total Asset | 8.68 M | |||
| One Year Return | (48.40) % | |||
| Net Asset | 8.68 M | |||
| Equity Positions Weight | (11.80) % |
About Direxion Shares Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Direxion Shares ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Direxion Shares using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Direxion Shares ETF 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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Check out Direxion Shares Piotroski F Score and Direxion Shares Altman Z Score analysis. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Direxion Shares ETF 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 Shares' value that differs from its market value or its book value, called intrinsic value, which is Direxion Shares' 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 Shares' market value can be influenced by many factors that don't directly affect Direxion Shares' 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 Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Shares' 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.