Direxion Daily Semiconductor Etf Cash Per Share
| SOXS Etf | USD 8.01 0.29 3.76% |
Fundamental analysis of Direxion Daily allows traders to better anticipate movements in Direxion Daily's stock price by examining its financial health and performance throughout various phases of its business cycle.
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Direxion Daily Semiconductor ETF Cash Per Share Analysis
Direxion Daily's Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
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In accordance with the recently published financial statements, Direxion Daily Semiconductor has a Cash Per Share of 0.0 times. This indicator is about the same for the Direxion Funds average (which is currently at 0.0) family and about the same as Trading--Inverse Equity (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
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Direxion Fundamentals
| Number Of Employees | 154 | |||
| Beta | -4.39 | |||
| Total Asset | 605.97 M | |||
| One Year Return | (71.30) % | |||
| Three Year Return | (72.70) % | |||
| Five Year Return | (72.90) % | |||
| Ten Year Return | (72.30) % | |||
| Net Asset | 605.97 M | |||
| Last Dividend Paid | 0.02 | |||
| Equity Positions Weight | (202.80) % |
About Direxion Daily Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Direxion Daily Semiconductor'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 Semiconductor 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.
Please read more on our fundamental analysis page.
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Check out Direxion Daily Piotroski F Score and Direxion Daily Altman Z Score analysis. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of Direxion Daily Semic 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.