Direxion Shares Price To Earning vs. Ten Year Return
| FAS Etf | MXN 3,533 68.67 1.91% |
For Direxion Shares profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Direxion Shares to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Direxion Shares ETF utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Direxion Shares's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Direxion Shares ETF over time as well as its relative position and ranking within its peers.
Direxion |
Direxion Shares ETF Ten Year Return vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Direxion Shares's current stock value. Our valuation model uses many indicators to compare Direxion Shares value to that of its competitors to determine the firm's financial worth. Direxion Shares ETF is one of the top ETFs in price to earning as compared to similar ETFs. It is rated # 2 ETF in ten year return as compared to similar ETFs reporting about 1.16 of Ten Year Return per Price To Earning. Comparative valuation analysis is a catch-all model that can be used if you cannot value Direxion Shares by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Direxion Shares' Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Direxion Ten Year Return vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Direxion Shares |
| = | 16.78 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
Direxion Shares |
| = | 19.45 % |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
Direxion Ten Year Return Comparison
Direxion Shares is currently under evaluation in ten year return as compared to similar ETFs.
Direxion Shares Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Direxion Shares, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Direxion Shares will eventually generate negative long term returns. The profitability progress is the general direction of Direxion Shares' change in net profit over the period of time. It can combine multiple indicators of Direxion Shares, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The investment seeks daily investment results, before fees and expenses, of 300 percent of the daily performance of the Russell 1000 Financial Services Index. DIREXION SHARES is traded on Mexico Stock Exchange in Mexico.
Direxion Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Direxion Shares. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Direxion Shares position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Direxion Shares' important profitability drivers and their relationship over time.
Use Direxion Shares in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Direxion Shares position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Direxion Shares will appreciate offsetting losses from the drop in the long position's value.Direxion Shares Pair Trading
Direxion Shares ETF Pair Trading Analysis
The ability to find closely correlated positions to Direxion Shares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Direxion Shares when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Direxion Shares - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Direxion Shares ETF to buy it.
The correlation of Direxion Shares is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Direxion Shares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Direxion Shares ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Direxion Shares can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Direxion Shares position
In addition to having Direxion Shares in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Information and Resources on Investing in Direxion Etf
When determining whether Direxion Shares ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Direxion Shares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Direxion Shares Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Shares Etf:Check out Investing Opportunities. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
To fully project Direxion Shares' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Direxion Shares ETF at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Direxion Shares' income statement, its balance sheet, and the statement of cash flows.