Direxion Daily One Year Return vs. Equity Positions Weight
| UTSL Etf | USD 41.85 1.92 4.81% |
For Direxion Daily profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Direxion Daily to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Direxion Daily Utilities utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Direxion Daily's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Direxion Daily Utilities over time as well as its relative position and ranking within its peers.
Direxion |
The market value of Direxion Daily Utilities 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 Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily'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 Daily's market value can be influenced by many factors that don't directly affect Direxion Daily'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 Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily'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 Daily Utilities Equity Positions Weight vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Direxion Daily's current stock value. Our valuation model uses many indicators to compare Direxion Daily value to that of its competitors to determine the firm's financial worth. Direxion Daily Utilities is rated third in one year return as compared to similar ETFs. It is rated second in equity positions weight as compared to similar ETFs making about 0.71 of Equity Positions Weight per One Year Return. The ratio of One Year Return to Equity Positions Weight for Direxion Daily Utilities is roughly 1.40 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Direxion Daily 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 Equity Positions Weight vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Direxion Daily |
| = | 99.40 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Direxion Daily |
| = | 70.99 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Direxion Equity Positions Weight Comparison
Direxion Daily is currently under evaluation in equity positions weight as compared to similar ETFs.
Direxion Daily Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Direxion Daily, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Direxion Daily will eventually generate negative long term returns. The profitability progress is the general direction of Direxion Daily's change in net profit over the period of time. It can combine multiple indicators of Direxion Daily, 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 invests at least 80 percent of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. Utilities Bull 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 Daily. 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 Daily 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 Daily's important profitability drivers and their relationship over time.
| One Year Return vs Beta | ||
| Three Year Return vs Equity Positions Weight | ||
| One Year Return vs Five Year Return | ||
| Net Asset vs Equity Positions Weight | ||
| One Year Return vs Last Dividend Paid |
Use Direxion Daily 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 Daily 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 Daily will appreciate offsetting losses from the drop in the long position's value.Direxion Daily Pair Trading
Direxion Daily Utilities Pair Trading Analysis
The ability to find closely correlated positions to Direxion Daily 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 Daily 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 Daily - 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 Daily Utilities to buy it.
The correlation of Direxion Daily 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 Daily moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Direxion Daily Utilities 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 Daily 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 Daily position
In addition to having Direxion Daily 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?
Run Recreation Thematic Idea Now
Recreation
Companies involved in production and services of recreational goods, foods, and accessories. The Recreation theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Recreation Theme or any other thematic opportunities.
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To fully project Direxion Daily's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Direxion Daily Utilities 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 Daily's income statement, its balance sheet, and the statement of cash flows.