Defiance Next Gen Etf Current Liabilities
| HDRO Etf | USD 36.36 1.03 2.75% |
Defiance Next Gen fundamentals help investors to digest information that contributes to Defiance Next's financial success or failures. It also enables traders to predict the movement of Defiance Etf. The fundamental analysis module provides a way to measure Defiance Next's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Defiance Next etf.
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Defiance Next Gen ETF Current Liabilities Analysis
Defiance Next's Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
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In accordance with the recently published financial statements, Defiance Next Gen has a Current Liabilities of 0.0. This indicator is about the same for the Defiance ETFs average (which is currently at 0.0) family and about the same as Equity Energy (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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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Fund Asset Allocation for Defiance Next
The fund invests 99.66% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Defiance Next's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Defiance Fundamentals
| Beta | 1.84 | |||
| Total Asset | 38.44 M | |||
| One Year Return | (23.80) % | |||
| Three Year Return | (38.80) % | |||
| Net Asset | 38.44 M | |||
| Equity Positions Weight | 99.66 % |
About Defiance Next Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Defiance Next Gen's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Defiance Next using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Defiance Next Gen 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.
Pair Trading with Defiance Next
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Defiance Next position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Defiance Next will appreciate offsetting losses from the drop in the long position's value.Moving against Defiance Etf
| 0.62 | USD | ProShares Ultra Semi | PairCorr |
| 0.38 | XLE | Energy Select Sector | PairCorr |
| 0.35 | VDE | Vanguard Energy Index | PairCorr |
| 0.35 | FENY | Fidelity MSCI Energy | PairCorr |
| 0.35 | TECL | Direxion Daily Technology | PairCorr |
The ability to find closely correlated positions to Defiance Next could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Defiance Next when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Defiance Next - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Defiance Next Gen to buy it.
The correlation of Defiance Next is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Defiance Next moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Defiance Next Gen moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Defiance Next can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Defiance Next Piotroski F Score and Defiance Next Altman Z Score analysis. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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.