Direxion Auspice Financials
| COM Etf | USD 28.76 0.05 0.17% |
Net Expense Ratio 0.008 | 3 y Sharp Ratio 0.09 |
Direxion |
The data published in Direxion Auspice's official financial statements typically reflect Direxion Auspice'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 Auspice's quantitative information. For example, before you start analyzing numbers published by Direxion accountants, it's essential to understand Direxion Auspice's liquidity, profitability, and earnings quality within the context of the Direxion Funds space in which it operates.
Direxion Auspice Etf Summary
Direxion Auspice competes with GraniteShares Bloomberg, Abrdn Bloomberg, IShares Bloomberg, Abrdn Bloomberg, and IShares GSCI. The index is a rules-based index that attempts to capture upward trends in the commodity markets while minimizing risk during downtrends by tracking a portfolio of commodity futures contracts. Auspice Broad is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US25460E3071 |
| CUSIP | 25460E307 |
| Region | Global |
| Investment Issuer | Direxion |
| Etf Family | Direxion Funds |
| Fund Category | Broad Commodities |
| Portfolio Concentration | Broad Commodities |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Direxion Auspice Key Financial Ratios
Direxion Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Direxion Auspice's current stock value. Our valuation model uses many indicators to compare Direxion Auspice value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Direxion Auspice competition to find correlations between indicators driving Direxion Auspice's intrinsic value. More Info.Direxion Auspice Broad is rated below average in beta as compared to similar ETFs. It is the top ETF in one year return as compared to similar ETFs reporting about 8.50 of One Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Direxion Auspice 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 Auspice Broad Systematic Risk
Direxion Auspice's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Direxion Auspice 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 Auspice Broad correlated with the market. If Beta is less than 0 Direxion Auspice generally moves in the opposite direction as compared to the market. If Direxion Auspice Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Direxion Auspice Broad is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Direxion Auspice is generally in the same direction as the market. If Beta > 1 Direxion Auspice moves generally in the same direction as, but more than the movement of the benchmark.
Direxion Auspice Thematic Clasifications
Direxion Auspice Broad is part of Broad Commodities ETFs investing theme. 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. USA ETFs from Broad Commodities clasification. ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs
This theme covers USA ETFs from Broad Commodities clasification. ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. Get More Thematic Ideas
| Broad Commodities ETFs | View |
Direxion Auspice November 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Direxion Auspice help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Direxion Auspice Broad. We use our internally-developed statistical techniques to arrive at the intrinsic value of Direxion Auspice Broad 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 Auspice's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.3463 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.46 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.5304 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Direxion Auspice Broad. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
The market value of Direxion Auspice Broad 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 Auspice's value that differs from its market value or its book value, called intrinsic value, which is Direxion Auspice'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 Auspice's market value can be influenced by many factors that don't directly affect Direxion Auspice'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 Auspice's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Auspice is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Auspice'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.