Direxion Shares Valuation
| AAPU Etf | USD 30.66 2.20 6.70% |
At this time, the entity appears to be overvalued. Direxion Shares ETF shows a prevailing Real Value of $30.7 per share. The current price of the entity is $30.66. Our model computes the value of Direxion Shares ETF from reviewing the entity fundamentals such as equity positions weight of 0.33 % as well as analyzing its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that Direxion Shares' price fluctuation is very steady at this time. Calculation of the real value of Direxion Shares ETF is based on 3 months time horizon. Increasing Direxion Shares' time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Direxion Shares' intrinsic value may or may not be the same as its current market price of 30.66, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 30.66 | Real 30.7 | Hype 33.19 | Naive 36.95 |
The intrinsic value of Direxion Shares' stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Direxion Shares' stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Direxion Shares ETF helps investors to forecast how Direxion etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Direxion Shares more accurately as focusing exclusively on Direxion Shares' fundamentals will not take into account other important factors: About Direxion Shares Valuation
The etf valuation mechanism determines Direxion Shares' current worth on a daily basis. In general, an absolute valuation approach attempts to find the value of Direxion Shares ETF based exclusively on its fundamental and basic technical indicators. As compared to an absolute model, our relative valuation model uses a comparative analysis of Direxion Shares. We calculate exposure to Direxion Shares's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Direxion Shares's related companies.The fund, under normal circumstances, invests at least 80 percent of its net assets in the securities of AAPL and financial instruments, such as swap agreements and options, that provide leveraged exposure to AAPL. Direxion Daily is traded on NASDAQ Exchange in the United States.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Direxion Shares ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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.