Direxion NASDAQ Total Asset vs. Five Year Return
| QQQE Etf | USD 94.63 0.56 0.60% |
For Direxion NASDAQ profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Direxion NASDAQ to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Direxion NASDAQ 100 Equal utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Direxion NASDAQ's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Direxion NASDAQ 100 Equal over time as well as its relative position and ranking within its peers.
Direxion |
The market value of Direxion NASDAQ 100 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 NASDAQ's value that differs from its market value or its book value, called intrinsic value, which is Direxion NASDAQ'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 NASDAQ's market value can be influenced by many factors that don't directly affect Direxion NASDAQ'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 NASDAQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion NASDAQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion NASDAQ'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.
Direxion NASDAQ 100 Five Year Return vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Direxion NASDAQ's current stock value. Our valuation model uses many indicators to compare Direxion NASDAQ value to that of its competitors to determine the firm's financial worth. Direxion NASDAQ 100 Equal is rated below average in total asset as compared to similar ETFs. It is rated below average in five year return as compared to similar ETFs . The ratio of Total Asset to Five Year Return for Direxion NASDAQ 100 Equal is about 46,546,324 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Direxion NASDAQ 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 Five Year Return vs. Total Asset
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Direxion NASDAQ |
| = | 633.03 M |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Direxion NASDAQ |
| = | 13.60 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Direxion Five Year Return Comparison
Direxion NASDAQ is currently under evaluation in five year return as compared to similar ETFs.
Direxion NASDAQ Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Direxion NASDAQ, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Direxion NASDAQ will eventually generate negative long term returns. The profitability progress is the general direction of Direxion NASDAQ's change in net profit over the period of time. It can combine multiple indicators of Direxion NASDAQ, 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 fund, under normal circumstances, invests at least 80 percent of its assets in the securities that comprise the index or investments with economic characteristics similar to the securities included in the index. Nasdaq 100 is traded on NYSEARCA Exchange in the United States.
Direxion Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Direxion NASDAQ. 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 NASDAQ 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 NASDAQ's important profitability drivers and their relationship over time.
Use Direxion NASDAQ 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 NASDAQ 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 NASDAQ will appreciate offsetting losses from the drop in the long position's value.Direxion NASDAQ Pair Trading
Direxion NASDAQ 100 Equal Pair Trading Analysis
The ability to find closely correlated positions to Direxion NASDAQ 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 NASDAQ 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 NASDAQ - 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 NASDAQ 100 Equal to buy it.
The correlation of Direxion NASDAQ 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 NASDAQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Direxion NASDAQ 100 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 NASDAQ 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 NASDAQ position
In addition to having Direxion NASDAQ 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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Check out Your Equity Center. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
To fully project Direxion NASDAQ's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Direxion NASDAQ 100 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 NASDAQ's income statement, its balance sheet, and the statement of cash flows.