Defiance Next Gen Etf Market Value
| HDRO Etf | USD 31.15 0.34 1.10% |
| Symbol | Defiance |
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.
Defiance Next 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Defiance Next's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Defiance Next.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Defiance Next on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Defiance Next Gen or generate 0.0% return on investment in Defiance Next over 90 days. Defiance Next is related to or competes with Global X, Fusion Fuel, Amplify Lithium, and Global X. The index is a rules-based index that tracks the performance of a group of globally listed equity securities of companie... More
Defiance Next Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Defiance Next's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Defiance Next Gen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.64 | |||
| Value At Risk | (4.60) | |||
| Potential Upside | 3.68 |
Defiance Next Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Defiance Next's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Defiance Next's standard deviation. In reality, there are many statistical measures that can use Defiance Next historical prices to predict the future Defiance Next's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | 0.1235 | |||
| Treynor Ratio | (0.44) |
Defiance Next Gen Backtested Returns
Defiance Next Gen secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the etf had a -0.1 % return per unit of risk over the last 3 months. Defiance Next Gen exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Defiance Next's Standard Deviation of 2.17, mean deviation of 1.64, and Variance of 4.7 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.55, which means possible diversification benefits within a given portfolio. As returns on the market increase, Defiance Next's returns are expected to increase less than the market. However, during the bear market, the loss of holding Defiance Next is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Defiance Next Gen has very good predictability. Overlapping area represents the amount of predictability between Defiance Next time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Defiance Next Gen price movement. The serial correlation of 0.85 indicates that around 85.0% of current Defiance Next price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 1.23 |
Defiance Next Gen lagged returns against current returns
Autocorrelation, which is Defiance Next etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Defiance Next's etf expected returns. We can calculate the autocorrelation of Defiance Next returns to help us make a trade decision. For example, suppose you find that Defiance Next has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Defiance Next regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Defiance Next etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Defiance Next etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Defiance Next etf over time.
Current vs Lagged Prices |
| Timeline |
Defiance Next Lagged Returns
When evaluating Defiance Next's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Defiance Next etf have on its future price. Defiance Next autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Defiance Next autocorrelation shows the relationship between Defiance Next etf current value and its past values and can show if there is a momentum factor associated with investing in Defiance Next Gen.
Regressed Prices |
| Timeline |
When determining whether Defiance Next Gen offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Defiance Next's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Defiance Next Gen Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Defiance Next Gen Etf:
Check out Defiance Next Correlation, Defiance Next Volatility and Defiance Next Alpha and Beta module to complement your research on Defiance Next. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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.