Direxion Daily Valuation
| DUST Etf | USD 58.78 0.44 0.74% |
At this time, the entity appears to be overvalued. Direxion Daily Gold shows a prevailing Real Value of $53.19 per share. The current price of the entity is $58.78. Our model computes the value of Direxion Daily Gold from reviewing the entity fundamentals such as Market Capitalization of 216.18 M, ten year return of (57.90) %, and One Year Return of (41.90) % as well as analyzing its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that Direxion Daily's price fluctuation is very steady at this time. Calculation of the real value of Direxion Daily Gold is based on 3 months time horizon. Increasing Direxion Daily's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Direxion Daily's intrinsic value may or may not be the same as its current market price of 58.78, 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 58.78 | Real 53.19 | Hype 58.78 | Naive 50.82 |
The intrinsic value of Direxion Daily's 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 Daily's 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 Daily Gold 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 Daily more accurately as focusing exclusively on Direxion Daily's fundamentals will not take into account other important factors: Direxion Daily Total Value Analysis
Direxion Daily Gold is currently projected to have valuation of 216.18 M with market capitalization of 216.18 M, debt of , and cash on hands of . Please note that valuation may be misleading and is a subject to auditing or accounting errors. We encourage investors to vigilantly validate all of the Direxion Daily fundamentals before making equity appraisal based on enterprise value of the company| Takeover Price | Market Cap | Debt Obligations | Cash |
216.18 M | 216.18 M |
Direxion Daily Asset Utilization
The concept of asset utilization usually refers to the revenue earned for every dollar of assets a company currently reports. The newest return on assets of Direxion implies not a very effective usage of assets in November.About Direxion Daily Valuation
The etf valuation mechanism determines Direxion Daily's current worth on a daily basis. In general, an absolute valuation approach attempts to find the value of Direxion Daily Gold 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 Daily. We calculate exposure to Direxion Daily's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Direxion Daily's related companies.The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80 percent of the funds net assets. Gold Miners is traded on NYSEARCA Exchange in the United States.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Gold. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of Direxion Daily Gold 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.