Direxion Daily Financials

DPST Etf  USD 74.92  2.77  3.57%   
Financial data analysis helps to check if markets are presently mispricing Direxion Daily Regional. We are able to interpolate and collect fourteen available fundamental indicators for Direxion Daily Regional, which can be compared to its peers. The etf experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Direxion Daily to be traded at $71.92 in 90 days. Key indicators impacting Direxion Daily's financial strength include:
Net Expense Ratio
0.0095
3 y Sharp Ratio
(0.29)
  
The data published in Direxion Daily's official financial statements usually reflect Direxion Daily's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Direxion Daily Regional. For example, before you start analyzing numbers published by Direxion accountants, it's critical to develop an understanding of what Direxion Daily's liquidity, profitability, and earnings quality are in 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. Whatever the case, the imprecision that can be found in Direxion Daily's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Direxion Daily Regional. 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 ProShares UltraPro, Direxion Daily, ProShares UltraPro, Direxion Daily, and MicroSectors FANG. The fund invests at least 80 percent of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. Regional Banks is traded on NYSEARCA Exchange in the United States.
InstrumentUSA Etf View All
ExchangeNYSE ARCA Exchange
ISINUS25460G1537
CUSIP25460G864 25460G153 25459Y132
RegionOthers
Investment IssuerOthers
Etf FamilyDirexion Funds
Fund CategoryOthers
Portfolio ConcentrationOthers
BenchmarkNYSE Composite
PhoneNA
CurrencyUSD - US Dollar
You should never invest in Direxion Daily without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Direxion Etf, because this is throwing your money away. Analyzing the key information contained in Direxion Daily's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Direxion Daily Key Financial Ratios

Generally speaking, Direxion Daily's financial ratios allow both analysts and investors to convert raw data from Direxion Daily's financial statements into concise, actionable information that can be used to evaluate the performance of Direxion Daily over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Direxion Daily Regional reports annually and quarterly.

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 Regional is rated # 2 ETF in price to earning as compared to similar ETFs. It is rated # 4 ETF in price to book as compared to similar ETFs fabricating about  0.08  of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Direxion Daily Regional is roughly  11.89 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Direxion Daily by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Direxion Daily's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 Regional 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 twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Direxion Daily Regional 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 Regional 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.

Steps to analyze Direxion Daily Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Direxion Daily is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Direxion has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Direxion Daily's financials are consistent with your investment objective using the following steps:
  • Review Direxion Daily's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Direxion Daily's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Direxion Daily's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Direxion Daily's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Direxion Daily May 23, 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 Regional. We use our internally-developed statistical techniques to arrive at the intrinsic value of Direxion Daily Regional 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.
When determining whether Direxion Daily Regional is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Direxion Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Direxion Daily Regional Etf. Highlighted below are key reports to facilitate an investment decision about Direxion Daily Regional Etf:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Regional. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
The market value of Direxion Daily Regional 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.