Direxion Daily Financials
| EDC Etf | USD 30.85 0.17 0.55% |
Net Expense Ratio 0.0113 |
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 Direxion Daily, Innovator MSCI, Innovator ETFs, Innovator MSCI, and Innovator MSCI. The fund invests at least 80 percent of its net assets in financial instruments, such as swap agreements, exchange-traded funds that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. Emrg Mkts is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US25490K2814 |
| CUSIP | 25490K281 25459Y686 25459W300 |
| Region | Emerging Markets |
| Investment Issuer | Direxion |
| Etf Family | Direxion Funds |
| Fund Category | Strategy |
| Portfolio Concentration | Emerging Markets |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Direxion Daily Key Financial Ratios
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 MSCI is one of the top ETFs in price to earning as compared to similar ETFs. It also is one of the top ETFs in price to book as compared to similar ETFs fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Direxion Daily MSCI is roughly 9.24 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Direxion Daily's earnings, one of the primary drivers of an investment's value.Direxion Daily MSCI 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 ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Direxion Daily MSCI 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 MSCI 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 MSCI is part of several thematic ideas from Emerging Markets 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 1, 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 MSCI. We use our internally-developed statistical techniques to arrive at the intrinsic value of Direxion Daily MSCI 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 | (0.05) | |||
| Maximum Drawdown | 19.17 | |||
| Value At Risk | (5.86) | |||
| Potential Upside | 6.3 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of Direxion Daily MSCI 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.