Direxion Daily Valuation
| JDST Etf | USD 26.15 0.06 0.23% |
At this time, the entity appears to be overvalued. Direxion Daily Junior shows a prevailing Real Value of $24.44 per share. The current price of the entity is $26.15. Our model computes the value of Direxion Daily Junior from reviewing the entity fundamentals such as Beta of -1.86, total asset of 97.21 M, and Price To Sales of 2.20 X as well as analyzing its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that Direxion Daily's price fluctuation is not too volatile at this time. Calculation of the real value of Direxion Daily Junior 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 26.15, 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 26.15 | Real 24.44 | Hype 26.15 | Naive 24.7 |
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 Junior 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: 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 Junior 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 . Junior Gold is traded on NYSEARCA Exchange in the United States.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily Junior. 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of Direxion Daily Junior 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.