Direxion Daily Valuation
| SOXL Etf | USD 28.49 1.36 5.01% |
At this time, the entity appears to be overvalued. Direxion Daily Semic shows a prevailing Real Value of $27.18 per share. The current price of the entity is $28.49. Our model computes the value of Direxion Daily Semic from reviewing the entity fundamentals such as Number Of Employees of 7, beta of 4.78, and Price To Sales of 3.66 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 Semic 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.
The fair value of the Direxion etf is determined by what a typical buyer is willing to pay for full or partial control of Direxion Daily Semiconductor. Since Direxion Daily is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Direxion Etf. However, Direxion Daily'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 28.49 | Real 27.18 | Hype 27.98 | Naive 25.19 |
The intrinsic value of Direxion Daily's stock can be calculated using various methods such as discounted cash flow or dividend analysis. That value may differ from its market price, which is determined by factors such as investor sentiment, market trends, headlines, and other external factors that may influence Direxion Daily's stock price.
Estimating the potential upside or downside of Direxion Daily Semiconductor 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
We use absolute and relative valuation methodologies to arrive at the intrinsic value of Direxion Daily Semiconductor. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of Direxion Daily Semic based exclusively on its fundamental and basic technical indicators. By analyzing Direxion Daily's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Direxion Daily's intrinsic value. 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 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. Semiconductor Bull is traded on NYSEARCA Exchange in the United States.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Daily Semiconductor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
The market value of Direxion Daily Semic 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.