Is ProFunds UltraNASDAQ-100 Fund Investor a Strong Mutual Fund Pick Right Now - Yahoo Finance
DXSLX Fund | USD 76.52 0.70 0.92% |
Slightly above 50% of Direxion Monthly's investors are presently thinking to get in. The analysis of overall sentiment of trading Direxion Monthly Sp mutual fund suggests that some investors are interested at this time. Direxion Monthly's investing sentiment can be driven by a variety of factors including economic data, Direxion Monthly's earnings reports, geopolitical events, and overall market trends.
Direxion |
Is ProFunds UltraNASDAQ-100 Fund Investor a Strong Mutual Fund Pick Right Now Yahoo Finance
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Direxion Monthly Fundamental Analysis
We analyze Direxion Monthly's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Direxion Monthly using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Direxion Monthly based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash Position Weight
Cash Position Weight Comparative Analysis
Direxion Monthly is currently under evaluation in cash position weight among similar funds. Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Direxion Monthly Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Direxion Monthly mutual fund to make a market-neutral strategy. Peer analysis of Direxion Monthly could also be used in its relative valuation, which is a method of valuing Direxion Monthly by comparing valuation metrics with similar companies.
Peers
Direxion Monthly Related Equities
RYVLX | Nasdaq-100(r) | 1.74 | ||||
RYVYX | Nasdaq-100(r) | 1.74 | ||||
DXRLX | Direxion Monthly | 0.58 | ||||
UOPIX | Ultra Nasdaq | 1.68 |
Other Information on Investing in Direxion Mutual Fund
Direxion Monthly financial ratios help investors to determine whether Direxion Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Direxion with respect to the benefits of owning Direxion Monthly security.
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