Direxion Etf Price To Sales
Direxion fundamentals help investors to digest information that contributes to Direxion's financial success or failures. It also enables traders to predict the movement of Direxion Etf. The fundamental analysis module provides a way to measure Direxion's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Direxion etf.
Direxion |
Direxion ETF Price To Sales Analysis
Direxion's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
CompetitionDirexion Price To Sales Component Assessment
Based on the latest financial disclosure, Direxion has a Price To Sales of 0.0 times. This is 100.0% lower than that of the Direxion Funds family and 100.0% lower than that of the Family category. The price to sales for all United States etfs is 100.0% higher than that of the company.
Direxion Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Direxion's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Direxion could also be used in its relative valuation, which is a method of valuing Direxion by comparing valuation metrics of similar companies.Direxion is currently under evaluation in price to sales as compared to similar ETFs.
Fund Asset Allocation for Direxion
The fund consists of 74.41% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides Direxion's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Direxion Fundamentals
| Return On Asset | -0.28 | |||
| Current Valuation | 48.37 M | |||
| Shares Outstanding | 4.7 M | |||
| Shares Owned By Insiders | 7.79 % | |||
| Shares Owned By Institutions | 13.00 % | |||
| Number Of Shares Shorted | 1.71 K | |||
| Price To Earning | 439.17 X | |||
| Price To Book | 9.63 X | |||
| Gross Profit | (228.65 K) | |||
| Net Income | 113.73 K | |||
| Cash And Equivalents | 65.26 K | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 285 K | |||
| Debt To Equity | 0.06 % | |||
| Current Ratio | 0.20 X | |||
| Cash Flow From Operations | (534.07 K) | |||
| Earnings Per Share | 0.02 X | |||
| Market Capitalization | 49.51 M | |||
| Total Asset | 3.13 M | |||
| Retained Earnings | 72 K | |||
| Working Capital | (520 K) | |||
| Current Asset | 127 K | |||
| Current Liabilities | 647 K | |||
| Net Asset | 3.13 M | |||
| Equity Positions Weight | 74.41 % |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Other Tools for Direxion Etf
When running Direxion's price analysis, check to measure Direxion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Direxion is operating at the current time. Most of Direxion's value examination focuses on studying past and present price action to predict the probability of Direxion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direxion's price. Additionally, you may evaluate how the addition of Direxion to your portfolios can decrease your overall portfolio volatility.
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