Direxion Daily Financials
| AVL Etf | 32.53 0.53 1.66% |
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The data published in Direxion Daily's official financial statements typically reflect Direxion Daily's 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 Daily's quantitative information. For example, before you start analyzing numbers published by Direxion accountants, it's essential to understand Direxion Daily's liquidity, profitability, and earnings quality within the context of the Single Stock ETFs space in which it operates.
Direxion Daily Etf Summary
Direxion Daily competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Total, and Vanguard Value. Avalon Rare Metals Inc. explores and develops rare metals and minerals primarily in Canada.| Instrument | USA Etf View All |
| Exchange | NASDAQ Exchange |
| CUSIP | 25461A569 |
| Region | North America |
| Investment Issuer | Direxion |
| Location | New York; U.S.A |
| Business Address | Toronto, ON MH |
| Benchmark | Dow Jones Industrial |
| Website | www.avalonventures.com |
| Phone | 866 476 7523 |
Direxion Daily Key Financial Ratios
Direxion Daily AVGO 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 seven with a total number of output elements of fifty-four. The Beta measures systematic risk based on how returns on Direxion Daily AVGO 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 AVGO 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.
Direxion Daily Thematic Clasifications
Direxion Daily AVGO is part of several thematic ideas from Single Stock 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 Daily June 19, 2025 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 AVGO. We use our internally-developed statistical techniques to arrive at the intrinsic value of Direxion Daily AVGO 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.
| Downside Deviation | 6.77 | |||
| Information Ratio | 0.1078 | |||
| Maximum Drawdown | 50.84 | |||
| Value At Risk | (10.08) | |||
| Potential Upside | 11.13 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Direxion Daily AVGO. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
The market value of Direxion Daily AVGO 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.