Defiance Quantum Etf Market Value
| QTUM Etf | USD 77.64 3.15 4.23% |
| Symbol | Defiance |
The market value of Defiance Quantum ETF 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 Quantum's value that differs from its market value or its book value, called intrinsic value, which is Defiance Quantum'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 Quantum's market value can be influenced by many factors that don't directly affect Defiance Quantum'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 Quantum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Defiance Quantum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Defiance Quantum'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 Quantum '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 Quantum'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 Quantum.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Defiance Quantum on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Defiance Quantum ETF or generate 0.0% return on investment in Defiance Quantum over 30 days. Defiance Quantum is related to or competes with Global X, Quantum Computing, and Innovator Loup. The fund uses a passive management approach to track the total return performance, before fees and expenses, of the inde... More
Defiance Quantum 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 Quantum'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 Quantum ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.2036 | |||
| Maximum Drawdown | 6.98 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 3.15 |
Defiance Quantum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Defiance Quantum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Defiance Quantum's standard deviation. In reality, there are many statistical measures that can use Defiance Quantum historical prices to predict the future Defiance Quantum's volatility.| Risk Adjusted Performance | 0.2006 | |||
| Jensen Alpha | 0.3129 | |||
| Total Risk Alpha | 0.2107 | |||
| Sortino Ratio | 0.2336 | |||
| Treynor Ratio | 0.4151 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Defiance Quantum's 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 Quantum ETF Backtested Returns
Defiance Quantum appears to be very steady, given 3 months investment horizon. Defiance Quantum ETF secures Sharpe Ratio (or Efficiency) of 0.26, which denotes the etf had a 0.26% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Defiance Quantum ETF, which you can use to evaluate the volatility of the entity. Please utilize Defiance Quantum's Downside Deviation of 1.33, mean deviation of 1.13, and Coefficient Of Variation of 371.1 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.96, which means possible diversification benefits within a given portfolio. Defiance Quantum returns are very sensitive to returns on the market. As the market goes up or down, Defiance Quantum is expected to follow.
Auto-correlation | 0.93 |
Excellent predictability
Defiance Quantum ETF has excellent predictability. Overlapping area represents the amount of predictability between Defiance Quantum time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 2024. 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 Quantum ETF price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Defiance Quantum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 6.18 |
Defiance Quantum ETF lagged returns against current returns
Autocorrelation, which is Defiance Quantum 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 Quantum's etf expected returns. We can calculate the autocorrelation of Defiance Quantum returns to help us make a trade decision. For example, suppose you find that Defiance Quantum 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 Quantum 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 Quantum etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Defiance Quantum etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Defiance Quantum etf over time.
Current vs Lagged Prices |
| Timeline |
Defiance Quantum Lagged Returns
When evaluating Defiance Quantum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Defiance Quantum etf have on its future price. Defiance Quantum 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 Quantum autocorrelation shows the relationship between Defiance Quantum etf current value and its past values and can show if there is a momentum factor associated with investing in Defiance Quantum ETF.
Regressed Prices |
| Timeline |
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Defiance Quantum 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.