Defiance Next Financial Statements From 2010 to 2024
| HDRO Etf | USD 36.38 0.23 0.63% |
Check Defiance Next financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Defiance Next's main balance sheet or income statement drivers, such as , as well as many indicators such as . Defiance financial statements analysis is a perfect complement when working with Defiance Next Valuation or Volatility modules.
Defiance |
Defiance Next Gen ETF Beta Analysis
Defiance Next's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Defiance Next Beta | 1.79 |
Most of Defiance Next's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Defiance Next Gen is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Defiance Next Gen has a Beta of 1.79. This is much higher than that of the Defiance ETFs family and significantly higher than that of the Equity Energy category. The beta for all United States etfs is notably lower than that of the firm.
About Defiance Next Financial Statements
Defiance Next investors utilize fundamental indicators, such as revenue or net income, to predict how Defiance Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The index is a rules-based index that tracks the performance of a group of globally listed equity securities of companies involved in the development of hydrogen-based energy sources and fuel cell technologies. ETF Series is traded on NYSEARCA Exchange in the United States.
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
| 0.75 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.74 | DSJA | DSJA | PairCorr |
| 0.74 | RSPY | Tuttle Capital Management | PairCorr |
| 0.71 | MEME | Roundhill Investments | PairCorr |
| 0.48 | XLE | Energy Select Sector Sell-off Trend | 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 the analysis of Defiance Next Correlation against competitors. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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.