Defiance Etfs Etf Profile
The performance scores are derived for the period starting the 15th of November 2024 and ending today, the 15th of December 2024. Click here to learn more.
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RefreshDefiance Etf Highlights
| Old Name | Defiance Digital Revolution ETF |
| Business Concentration | Defiance ETFs (View all Sectors) |
| Nav Price | 6.34 |
| Two Hundred Day Average | 8.83 |
| Ytd | -65.46% |
| Average Daily Volume In Three Month | 4.11k |
| Fifty Two Week Low | 4.86 |
| As Of Date | 25th of October 2022 |
| Average Daily Volume Last 10 Day | 2.6k |
| Fifty Two Week High | 24.44 |
| One Month | 2.35% |
| Fifty Day Average | 5.85 |
| Three Month | -11.10% |
Defiance ETFs [NFTZ] is traded in USA and was established 2021-12-01. The fund is listed under Defiance ETFs family. Defiance ETFs now have 5.62 M in assets.
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Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Defiance Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Defiance Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Defiance ETFs Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Defiance ETFs Etf Constituents
| CAN | Canaan Inc | Stock | Information Technology | |
| COIN | Coinbase Global | Stock | Financials | |
| DKNG | DraftKings | Stock | Consumer Discretionary | |
| FNKO | Funko Inc | Stock | Consumer Discretionary | |
| HOOD | Robinhood Markets | Stock | Financials | |
| MARA | Marathon Digital Holdings | Stock | Information Technology | |
| NET | Cloudflare | Stock | Information Technology | |
| RIOT | Riot Blockchain | Stock | Information Technology |
Defiance ETFs Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Defiance ETFs. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 2.42 | |||
| Semi Deviation | 2.22 | |||
| Standard Deviation | 3.37 | |||
| Variance | 11.39 |
Defiance ETFs Against Markets
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Defiance ETFs Related Equities
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 Defiance ETFs etf to make a market-neutral strategy. Peer analysis of Defiance ETFs could also be used in its relative valuation, which is a method of valuing Defiance ETFs by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of Defiance ETFs is measured differently than its book value, which is the value of Defiance that is recorded on the company's balance sheet. Investors also form their own opinion of Defiance ETFs' value that differs from its market value or its book value, called intrinsic value, which is Defiance ETFs' 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 Defiance ETFs' market value can be influenced by many factors that don't directly affect Defiance ETFs' 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 Defiance ETFs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Defiance ETFs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Defiance ETFs' 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.