Defiance Next Gen Etf Price on September 27, 2024
| HDRO Etf | USD 37.83 0.76 2.05% |
If you're considering investing in Defiance Etf, it is important to understand the factors that can impact its price. As of today, the current price of Defiance Next stands at 37.83, as last reported on the 2nd of December, with the highest price reaching 37.83 and the lowest price hitting 37.41 during the day. As of now, Defiance Etf is very steady. Defiance Next Gen secures Sharpe Ratio (or Efficiency) of 0.0433, which denotes the etf had a 0.0433% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Defiance Next Gen, which you can use to evaluate the volatility of the entity. Please confirm Defiance Next's Downside Deviation of 2.41, coefficient of variation of 4196.35, and Mean Deviation of 1.79 to check if the risk estimate we provide is consistent with the expected return of 0.11%.
Defiance Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Defiance |
Sharpe Ratio = 0.0433
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| Cash | Small Risk | HDRO | High Risk | Huge Risk |
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Estimated Market Risk
| 2.5 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Defiance Next is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Defiance Next by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 1.4 K |
Defiance Next Valuation on September 27, 2024
It is possible to determine the worth of Defiance Next on a given historical date. On September 27, 2024 Defiance was worth 38.0 at the beginning of the trading date compared to the closed value of 38.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Defiance Next etf. Still, in general, we apply an absolute valuation method to find Defiance Next's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Defiance Next where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Defiance Next's related companies.
| Open | High | Low | Close | Volume | |
| 37.60 | 38.08 | 37.36 | 37.36 | 10,750 | |
09/27/2024 | 38.00 | 39.04 | 38.00 | 38.96 | 1,813 |
| 39.12 | 39.20 | 38.64 | 38.72 | 1,275 |
| Backtest Defiance Next | | | Defiance Next History | | | Defiance Next Valuation | Previous | Next |
Defiance Next Trading Date Momentum on September 27, 2024
| On September 30 2024 Defiance Next Gen was traded for 38.72 at the closing time. The top price for the day was 39.20 and the lowest listed price was 38.64 . The trading volume for the day was 1.3 K. The trading history from September 30, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.62% . The overall trading delta against the current closing price is 5.26% . |
Defiance Next Gen Fundamentals Correlations and Trends
By evaluating Defiance Next's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Defiance Next's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Defiance financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Defiance Next Etf history
Defiance Next investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Defiance is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Defiance Next Gen will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Defiance Next stock prices may prove useful in developing a viable investing in Defiance Next
The index is a rules-based index that tracks the performance of a group of globally listed equity securities of companies involved in the development of hydrogen-based energy sources and fuel cell technologies. ETF Series is traded on NYSEARCA Exchange in the United States.
Defiance Next Etf Technical Analysis
Defiance Next technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Defiance Next Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
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Defiance Next December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Defiance Next etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Defiance Next shares will generate the highest return on investment. By undertsting and applying Defiance Next etf market strength indicators, traders can identify Defiance Next Gen entry and exit signals to maximize returns
Defiance Next Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Defiance Next's price direction in advance. Along with the technical and fundamental analysis of Defiance Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Defiance to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0252 | |||
| Jensen Alpha | 0.0801 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.21) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Defiance Next Gen. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
The market value of Defiance Next Gen 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 Next's value that differs from its market value or its book value, called intrinsic value, which is Defiance Next'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 Defiance Next's market value can be influenced by many factors that don't directly affect Defiance Next'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 Defiance Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if Defiance Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Defiance Next'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.