Defiance Quantum Etf Profile
| QTUM Etf | USD 65.91 0.59 0.90% |
Performance5 of 100
| Odds Of DistressLess than 9
|
Defiance Quantum is selling at 65.91 as of the 21st of November 2024; that is 0.90 percent increase since the beginning of the trading day. The etf's lowest day price was 65.05. Defiance Quantum has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Defiance Quantum ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of October 2024 and ending today, the 21st of November 2024. Click here to learn more.
The fund uses a passive management approach to track the total return performance, before fees and expenses, of the index. Defiance Quantum is traded on NYSEARCA Exchange in the United States. More on Defiance Quantum ETF
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Defiance Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Technology, Defiance ETFs (View all Sectors) |
| Issuer | Defiance ETFs |
| Inception Date | 2018-09-05 |
| Benchmark | BlueStar Quantum Computing and Machine Learning Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 312.36 Million |
| Average Trading Valume | 38,844.4 |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Defiance ETFs, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | The Trust and Quasar Distributors, LLC |
| Portfolio Manager | Dustin Lewellyn, Ernesto Tong, Anand Desai |
| Transfer Agent | U.S. Bank, N.A. |
| Fiscal Year End | 30-Jun |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 72.0 |
| Market Maker | Jane Street |
| Total Expense | 0.4 |
| Management Fee | 0.4 |
| Country Name | USA |
| Returns Y T D | 21.07 |
| Name | Defiance Quantum ETF |
| Currency Code | USD |
| Open Figi | BBG00LWJ39P6 |
| In Threey Volatility | 24.2 |
| 1y Volatility | 17.71 |
| 200 Day M A | 61.2589 |
| 50 Day M A | 63.0358 |
| Code | QTUM |
| Updated At | 21st of November 2024 |
| Currency Name | US Dollar |
Defiance Quantum ETF [QTUM] is traded in USA and was established 2018-09-04. The fund is listed under Technology category and is part of Defiance ETFs family. The entity is thematically classified as Strategy ETFs. Defiance Quantum ETF at this time have 99.47 M in assets. , while the total return for the last 3 years was 6.0%.
Check Defiance Quantum Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Defiance Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Defiance Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Defiance Quantum ETF Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Defiance Quantum ETF Currency Exposure
Defiance Quantum ETF holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Defiance Quantum will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Defiance Quantum ETF.
Top Defiance Quantum ETF Etf Constituents
| TSEM | Tower Semiconductor | Stock | Information Technology | |
| AYX | Alteryx | Stock | Information Technology | |
| CRUS | Cirrus Logic | Stock | Information Technology | |
| SYNA | Synaptics Incorporated | Stock | Information Technology | |
| NVDA | NVIDIA | Stock | Information Technology | |
| SPLK | Splunk Inc | Stock | Information Technology | |
| NOC | Northrop Grumman | Stock | Industrials | |
| KLAC | KLA Tencor | Stock | Information Technology |
Defiance Quantum ETF Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Defiance Quantum. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0682 | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0167 |
Defiance Quantum Against Markets
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Defiance Quantum ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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.