Direxion Daily Valuation
| SPDN Etf | USD 10.89 0.02 0.18% |
At this time, the entity appears to be overvalued. Direxion Daily SP shows a prevailing Real Value of $10.12 per share. The current price of the entity is $10.89. Our model computes the value of Direxion Daily SP from reviewing the entity fundamentals such as Total Asset of 581.79 M, net asset of 581.79 M, and Last Dividend Paid of 0.018 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 SP 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.
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 10.89 | Real 10.12 | Hype 10.9 | Naive 11.02 |
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 SP 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 SP. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of Direxion Daily SP 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, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short exposure to the index equal to at least 80 percent of the funds net assets . SP 500 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 SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
The market value of Direxion Daily SP 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.