Direxion Valuation
| HJEN Etf | USD 10.80 0.24 2.17% |
At this time, the entity appears to be overvalued. Direxion shows a prevailing Real Value of $10.07 per share. The current price of the entity is $10.8. Our model computes the value of Direxion from reviewing the entity fundamentals such as net asset of 22.66 M as well as analyzing its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that Direxion's price fluctuation is very steady at this time. Calculation of the real value of Direxion is based on 3 months time horizon. Increasing Direxion's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Direxion is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Direxion Etf. However, Direxion's intrinsic value may or may not be the same as its current market price, 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 10.8 | Real 10.07 | Hype 10.8 | Naive 11.06 |
The intrinsic value of Direxion'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'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 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 more accurately as focusing exclusively on Direxion's fundamentals will not take into account other important factors: About Direxion Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of Direxion. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of Direxion based exclusively on its fundamental and basic technical indicators. By analyzing Direxion's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Direxion's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Direxion. We calculate exposure to Direxion's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Direxion's related companies.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. Direxion Hydrogen is traded on NYSEARCA Exchange in the United States.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
The market value of Direxion 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's value that differs from its market value or its book value, called intrinsic value, which is Direxion'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's market value can be influenced by many factors that don't directly affect Direxion'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion'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.