Direxion Valuation
| BRKY Etf | USD 21.27 0.01 0.05% |
Based on Macroaxis valuation methodology, the entity is overvalued. Direxion shows a prevailing Real Value of $19.58 per share. The current price of the entity is $21.27. Macroaxis essentially computes value of Direxion from reviewing the entity technical indicators and probability of bankruptcy. Most investors advise acquiring undervalued instruments and dropping overvalued instruments since, at some point, asset prices and their ongoing real values will submerge.
About Direxion Valuation
Our relative valuation model uses a comparative analysis of Direxion. We calculate exposure to Direxion's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Direxion's related companies.The index is provided by SP Dow Jones Indices LLC and measures the performance of tradeable commodities considered to be breakfast foods by investing in monthly futures contracts for such commodities. Direxion Breakfast is traded on NYSEARCA Exchange in the United States.
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The market value of Direxion 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's value that differs from its market value or its book value, called intrinsic value, which is Direxion'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's market value can be influenced by many factors that don't directly affect Direxion'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion'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.