Direxion Daily GOOGL Bull 1.5X Shares Sees Large Decline in Short Interest
| GGLL Etf | USD 47.74 2.25 4.50% |
About 61% of Direxion Daily's investor base is looking to short. The current sentiment regarding investing in Direxion Daily GOOGL etf implies that many traders are alarmed. Direxion Daily's investing sentiment shows overall attitude of investors towards Direxion Daily GOOGL.
Direxion Daily etf news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Direxion daily returns and investor perception about the current price of Direxion Daily GOOGL as well as its diversification or hedging effects on your existing portfolios.
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Direxion Daily GOOGL Bull 1.5X Shares was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 1,800 shares, a decrease of 97.4 percent from the January 31st total of 68,800 shares. Based on an average daily volume
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Direxion Daily Fundamental Analysis
We analyze Direxion Daily's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Direxion Daily using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Direxion Daily based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
Total Asset
Total Asset Comparative Analysis
Direxion Daily is currently under evaluation in total asset as compared to similar ETFs. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Direxion Daily GOOGL 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 Daily etf to make a market-neutral strategy. Peer analysis of Direxion Daily could also be used in its relative valuation, which is a method of valuing Direxion Daily by comparing valuation metrics with similar companies.
Peers
Direxion Daily Related Equities
| AMZU | Direxion Daily | 2.14 |
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| MSFU | Direxion Daily | 2.66 |
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| TSLL | Direxion Shares | 4.25 |
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| GGLS | Direxion Daily | 5.39 |
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| AAPU | Direxion Shares | 9.94 |
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Check out Direxion Daily Hype Analysis, Direxion Daily Correlation and Direxion Daily Performance. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
The market value of Direxion Daily GOOGL 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.