Direxion Shares Financials
We urge to utilize Direxion Shares ETF fundamental analysis to find out if markets are presently mispricing the etf. Put another way this technique allows you to check available reported financial drivers of Direxion Shares ETF as well as the relationship between them. We have analyzed one available fundamental indicators for Direxion Shares ETF, which can be compared to its peers.
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.
| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| CUSIP | 25461A593 |
| Region | North America |
| Investment Issuer | Direxion |
| Fund Category | Strategy |
| Portfolio Concentration | Theme |
| 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 five with a total number of output elements of fifty-six. 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.
Direxion Shares Thematic Clasifications
Direxion Shares ETF is part of several thematic ideas from Theme 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 Shares March 22, 2025 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.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 24.84 | |||
| Value At Risk | (8.41) | |||
| Potential Upside | 6.56 |
Check out Correlation Analysis 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 bureau of labor statistics. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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.