Defiance Etfs Etf Performance
| EVXX Etf | 27.68 1.13 4.26% |
The etf shows a Beta (market volatility) of 0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, Defiance ETFs' returns are expected to increase less than the market. However, during the bear market, the loss of holding Defiance ETFs is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Defiance ETFs has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, Defiance ETFs is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
| Dividend Yield | 0.0112 |
Defiance |
Defiance ETFs Relative Risk vs. Return Landscape
If you would invest 2,768 in Defiance ETFs on September 16, 2024 and sell it today you would earn a total of 0.00 from holding Defiance ETFs or generate 0.0% return on investment over 90 days. Defiance ETFs is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than Defiance, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Defiance ETFs Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Defiance ETFs' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Defiance ETFs, and traders can use it to determine the average amount a Defiance ETFs' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average Defiance ETFs is not performing at its full potential. However, 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 ETFs by adding Defiance ETFs to a well-diversified portfolio.
About Defiance ETFs Performance
Evaluating Defiance ETFs' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Defiance ETFs has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Defiance ETFs has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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.