Direxion Shares Valuation
| TSLL Etf | USD 20.63 1.80 8.02% |
At this time, the entity appears to be overvalued. Direxion Shares ETF shows a prevailing Real Value of $20.6 per share. The current price of the entity is $20.63. Our model computes the value of Direxion Shares ETF from reviewing the entity fundamentals such as equity positions weight of 8.48 % as well as analyzing its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that Direxion Shares' price fluctuation is slightly risky at this time. Calculation of the real value of Direxion Shares ETF is based on 3 months time horizon. Increasing Direxion Shares' 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 Shares ETF. Since Direxion Shares is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Direxion Etf. However, Direxion Shares' 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 20.63 | Real 20.6 | Hype 21.17 | Naive 20.41 |
The intrinsic value of Direxion Shares' 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 Shares' stock price.
Estimating the potential upside or downside of Direxion Shares ETF 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 Shares more accurately as focusing exclusively on Direxion Shares' fundamentals will not take into account other important factors: About Direxion Shares Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of Direxion Shares ETF. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of Direxion Shares ETF based exclusively on its fundamental and basic technical indicators. By analyzing Direxion Shares's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Direxion Shares's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Direxion Shares. We calculate exposure to Direxion Shares's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Direxion Shares's related companies.The fund, under normal circumstances, invests at least 80 percent of its net assets in the securities of TSLA and financial instruments, such as swap agreements and options, that provide leveraged exposure to TSLA. Direxion Daily is traded on NASDAQ Exchange in the United States.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Shares ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
The market value of Direxion Shares ETF 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 Shares' value that differs from its market value or its book value, called intrinsic value, which is Direxion Shares' 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 Shares' market value can be influenced by many factors that don't directly affect Direxion Shares' 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 Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Shares' 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.