Direxion Adds BullBear Magnificent Seven ETFs - ETF Trends
QQQD Etf | 18.06 0.24 1.31% |
About 62% of Direxion Shares' investor base is looking to short. The current sentiment regarding investing in Direxion Shares ETF etf implies that many traders are alarmed. The current market sentiment, together with Direxion Shares' historical and current headlines, can help investors time the market. In addition, many technical investors use Direxion Shares ETF etf news signals to limit their universe of possible portfolio assets.
Direxion Shares etf news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Direxion daily returns and investor perception about the current price of Direxion Shares ETF as well as its diversification or hedging effects on your existing portfolios.
Direxion |
Direxion Adds BullBear Magnificent Seven ETFs ETF Trends
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Direxion Shares Fundamental Analysis
We analyze Direxion Shares' 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 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Direxion Shares is currently under evaluation in probability of bankruptcy as compared to similar ETFs. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Direxion Shares ETF Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Direxion Shares etf to make a market-neutral strategy. Peer analysis of Direxion Shares could also be used in its relative valuation, which is a method of valuing Direxion Shares by comparing valuation metrics with similar companies.
Peers
Direxion Shares Related Equities
EPV | ProShares UltraShort | 0.41 | ||||
EEV | ProShares UltraShort | 0.53 | ||||
EDZ | Direxion Daily | 0.69 | ||||
UBR | ProShares Ultra | 1.85 | ||||
EWV | ProShares UltraShort | 2.36 |
Check out Direxion Shares Hype Analysis, Direxion Shares Correlation and Direxion Shares Performance. You can also try the Stocks Directory module to find actively traded stocks across global markets.
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.