Defiance Etfs Etf Probability of Future Etf Price Finishing Under 26.55
| EVXX Etf | 27.68 1.13 4.26% |
Defiance |
Defiance ETFs Target Price Odds to finish below 26.55
The tendency of Defiance Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to 26.55 or more in 90 days |
| 27.68 | 90 days | 26.55 | about 83.77 |
Based on a normal probability distribution, the odds of Defiance ETFs to drop to 26.55 or more in 90 days from now is about 83.77 (This Defiance ETFs probability density function shows the probability of Defiance Etf to fall within a particular range of prices over 90 days) . Probability of Defiance ETFs price to stay between 26.55 and its current price of 27.68 at the end of the 90-day period is about 8.29 .
Given the investment horizon of 90 days Defiance ETFs has a beta of 0.32 suggesting as returns on the market go up, Defiance ETFs average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Defiance ETFs will be expected to be much smaller as well. Moreover Defiance ETFs has an alpha of 1.1257, implying that it can generate a 1.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Defiance ETFs Price Density |
| Price |
Predictive Modules for Defiance ETFs
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Defiance ETFs. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Defiance ETFs' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Defiance ETFs Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Defiance ETFs is not an exception. The market had few large corrections towards the Defiance ETFs' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Defiance ETFs, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Defiance ETFs within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.13 | |
β | Beta against Dow Jones | 0.32 | |
σ | Overall volatility | 2.65 | |
Ir | Information ratio | 0.38 |
Defiance ETFs Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Defiance ETFs for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Defiance ETFs can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Defiance ETFs is not yet fully synchronised with the market data |
Defiance ETFs Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Defiance Etf often depends not only on the future outlook of the current and potential Defiance ETFs' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Defiance ETFs' indicators that are reflective of the short sentiment are summarized in the table below.
| Dividend Yield | 0.0112 |
Defiance ETFs Technical Analysis
Defiance ETFs' future price can be derived by breaking down and analyzing its technical indicators over time. Defiance Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Defiance ETFs. In general, you should focus on analyzing Defiance Etf price patterns and their correlations with different microeconomic environments and drivers.
Defiance ETFs Predictive Forecast Models
Defiance ETFs' time-series forecasting models is one of many Defiance ETFs' etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Defiance ETFs' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about Defiance ETFs
Checking the ongoing alerts about Defiance ETFs for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Defiance ETFs help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Defiance ETFs is not yet fully synchronised with the market data |
Check out Investing Opportunities 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 interest. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.