Direxion Daily Financials
| MSFD Etf | USD 13.53 0.25 1.81% |
Net Expense Ratio 0.0106 |
Direxion |
The data published in Direxion Daily's official financial statements typically reflect Direxion Daily's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Direxion Daily's quantitative information. For example, before you start analyzing numbers published by Direxion accountants, it's essential to understand Direxion Daily's liquidity, profitability, and earnings quality within the context of the Direxion Funds space in which it operates.
Please note, the presentation of Direxion Daily's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Direxion Daily's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Direxion Daily's management manipulating its earnings.
Direxion Daily Etf Summary
Direxion Daily competes with ProShares UltraShort, ProShares UltraShort, ProShares Ultra, ProShares UltraShort, and Direxion Daily. The fund will enter into one or more swap agreements with major global financial institutions whereby the fund and the global financial institution will agree to exchange the return earned on an investment by the fund in MSFT that is equal, on a daily basis, to -100 percent of the value of the funds net assets. Direxion Msft is traded on NASDAQ Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NASDAQ Exchange |
| ISIN | US25461A4031 |
| CUSIP | 25461A403 |
| Region | North America |
| Investment Issuer | Direxion |
| Etf Family | Direxion Funds |
| Fund Category | Strategy |
| Portfolio Concentration | Single Stock |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Direxion Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Direxion Daily's current stock value. Our valuation model uses many indicators to compare Direxion Daily value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Direxion Daily competition to find correlations between indicators driving Direxion Daily's intrinsic value. More Info.Direxion Daily MSFT is rated number one ETF in one year return as compared to similar ETFs. It is rated below average in net asset as compared to similar ETFs . Comparative valuation analysis is a catch-all technique that is used if you cannot value Direxion Daily by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Direxion Daily MSFT Systematic Risk
Direxion Daily's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Direxion Daily volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. The Beta measures systematic risk based on how returns on Direxion Daily MSFT correlated with the market. If Beta is less than 0 Direxion Daily generally moves in the opposite direction as compared to the market. If Direxion Daily Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Direxion Daily MSFT is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Direxion Daily is generally in the same direction as the market. If Beta > 1 Direxion Daily moves generally in the same direction as, but more than the movement of the benchmark.
About Direxion Daily Financials
What exactly are Direxion Daily Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Direxion Daily's income statement, its balance sheet, and the statement of cash flows. Potential Direxion Daily investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Direxion Daily investors may use each financial statement separately, they are all related. The changes in Direxion Daily's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Direxion Daily's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Direxion Daily Thematic Clasifications
Direxion Daily MSFT is part of several thematic ideas from Single Stock ETFs to Strategy ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasDirexion Daily December 2, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Direxion Daily help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Direxion Daily MSFT. We use our internally-developed statistical techniques to arrive at the intrinsic value of Direxion Daily MSFT based on widely used predictive technical indicators. In general, we focus on analyzing Direxion Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Direxion Daily's daily price indicators and compare them against related drivers.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.61 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 1.69 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily MSFT. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
The market value of Direxion Daily MSFT 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.