Direxion Shares Financial Statements From 2010 to 2024
| AAPD Etf | USD 16.24 0.15 0.92% |
Check Direxion Shares financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Direxion Shares' main balance sheet or income statement drivers, such as , as well as many indicators such as . Direxion financial statements analysis is a perfect complement when working with Direxion Shares Valuation or Volatility modules.
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Direxion Shares ETF ETF One Year Return Analysis
Direxion Shares' One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Direxion Shares One Year Return | (17.90) % |
Most of Direxion Shares' fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Direxion Shares ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Direxion Shares One Year Return Component Assessment
Based on the recorded statements, Direxion Shares ETF has an One Year Return of -17.9%. This is 32.49% higher than that of the Direxion Funds family and 161.5% higher than that of the Family category. The one year return for all United States etfs is notably higher than that of the company.
About Direxion Shares Financial Statements
Direxion Shares stakeholders use historical fundamental indicators, such as Direxion Shares' revenue or net income, to determine how well the company is positioned to perform in the future. Although Direxion Shares investors may analyze each financial statement separately, they are all interrelated. For example, changes in Direxion Shares' assets and liabilities are reflected in the revenues and expenses on Direxion Shares' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Direxion Shares ETF. Please read more on our technical analysis and fundamental analysis pages.
The fund, under normal circumstances, invests in financial instruments, including swap agreements and options, that, in combination, provide inverse or short leveraged exposure to AAPL equal to at least 80 percent of the funds net assets . Direxion Daily is traded on NASDAQ Exchange in the United States.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Direxion Shares ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Direxion Shares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Direxion Shares Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Shares Etf:Check out the analysis of Direxion Shares Correlation against competitors. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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.