Direxion Shares Financials
| QQQU Etf | 42.68 1.07 2.57% |
Net Expense Ratio 0.0107 |
Direxion |
The data published in Direxion Shares' official financial statements typically reflect Direxion Shares' 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 Shares' quantitative information. For example, before you start analyzing numbers published by Direxion accountants, it's essential to understand Direxion Shares' liquidity, profitability, and earnings quality within the context of the Trading--Leveraged Equity space in which it operates.
Please note, the imprecision that can be found in Direxion Shares' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Direxion Shares ETF. Check Direxion Shares' Beneish M Score to see the likelihood of Direxion Shares' management manipulating its earnings.
Direxion Shares Etf Summary
Direxion Shares competes with FT Vest, Northern Lights, Dimensional International, Matthews China, and Davis Select. Direxion Shares is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| CUSIP | 25461A650 |
| Region | North America |
| Investment Issuer | Direxion |
| Fund Category | Size and Style |
| Portfolio Concentration | Large Cap |
| Benchmark | Dow Jones Industrial |
Direxion Shares ETF Systematic Risk
Direxion Shares' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Direxion Shares 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 ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Direxion Shares ETF correlated with the market. If Beta is less than 0 Direxion Shares generally moves in the opposite direction as compared to the market. If Direxion Shares Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Direxion Shares ETF is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Direxion Shares is generally in the same direction as the market. If Beta > 1 Direxion Shares moves generally in the same direction as, but more than the movement of the benchmark.
Steps to analyze company Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Direxion Shares is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Direxion has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if Direxion Shares' financials are consistent with your investment objective using the following steps:- Review Direxion Shares' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand Direxion Shares' liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare Direxion Shares' financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Direxion Shares' stock is overvalued or undervalued.
Direxion Shares Thematic Clasifications
Direxion Shares ETF is part of several thematic ideas from Size And Style ETFs to Large Cap 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 Shares December 1, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Direxion Shares help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Direxion Shares ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of Direxion Shares ETF 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 Shares's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.1212 | |||
| Maximum Drawdown | 13.4 | |||
| Value At Risk | (4.59) | |||
| Potential Upside | 5.01 |
Check out Your Equity Center 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 producer price index. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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.