Defiance Hotel Airline Etf Market Value
| CRUZ Etf | USD 26.51 0.08 0.30% |
| Symbol | Defiance |
The market value of Defiance Hotel Airline 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 Hotel's value that differs from its market value or its book value, called intrinsic value, which is Defiance Hotel'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 Hotel's market value can be influenced by many factors that don't directly affect Defiance Hotel'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 Hotel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Defiance Hotel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Defiance Hotel'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 Hotel '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 Hotel'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 Hotel.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Defiance Hotel on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Defiance Hotel Airline or generate 0.0% return on investment in Defiance Hotel over 30 days. Defiance Hotel is related to or competes with IShares Dividend, Martin Currie, VictoryShares THB, Mast Global, AdvisorShares Gerber, Amplify ETF, and Tidal ETF. The index is a rules-based index that consists of globally-listed stocks of companies that derive at least 50 percent of... More
Defiance Hotel 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 Hotel'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 Hotel Airline upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7439 | |||
| Information Ratio | 0.2378 | |||
| Maximum Drawdown | 4.58 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 2.33 |
Defiance Hotel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Defiance Hotel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Defiance Hotel's standard deviation. In reality, there are many statistical measures that can use Defiance Hotel historical prices to predict the future Defiance Hotel's volatility.| Risk Adjusted Performance | 0.276 | |||
| Jensen Alpha | 0.2512 | |||
| Total Risk Alpha | 0.2097 | |||
| Sortino Ratio | 0.3539 | |||
| Treynor Ratio | 0.3493 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Defiance Hotel'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 Hotel Airline Backtested Returns
Defiance Hotel appears to be very steady, given 3 months investment horizon. Defiance Hotel Airline secures Sharpe Ratio (or Efficiency) of 0.34, which denotes the etf had a 0.34% return per unit of risk over the last 3 months. We have found thirty technical indicators for Defiance Hotel Airline, which you can use to evaluate the volatility of the entity. Please utilize Defiance Hotel's Downside Deviation of 0.7439, coefficient of variation of 280.98, and Mean Deviation of 0.8589 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.1, which means a somewhat significant risk relative to the market. Defiance Hotel returns are very sensitive to returns on the market. As the market goes up or down, Defiance Hotel is expected to follow.
Auto-correlation | 0.61 |
Good predictability
Defiance Hotel Airline has good predictability. Overlapping area represents the amount of predictability between Defiance Hotel time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 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 Hotel Airline price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Defiance Hotel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Defiance Hotel Airline lagged returns against current returns
Autocorrelation, which is Defiance Hotel 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 Hotel's etf expected returns. We can calculate the autocorrelation of Defiance Hotel returns to help us make a trade decision. For example, suppose you find that Defiance Hotel 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 Hotel 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 Hotel etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Defiance Hotel etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Defiance Hotel etf over time.
Current vs Lagged Prices |
| Timeline |
Defiance Hotel Lagged Returns
When evaluating Defiance Hotel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Defiance Hotel etf have on its future price. Defiance Hotel 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 Hotel autocorrelation shows the relationship between Defiance Hotel etf current value and its past values and can show if there is a momentum factor associated with investing in Defiance Hotel Airline.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Defiance Hotel Airline offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Defiance Hotel'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 Hotel Airline Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Defiance Hotel Airline Etf:Check out Defiance Hotel Correlation, Defiance Hotel Volatility and Defiance Hotel Alpha and Beta module to complement your research on Defiance Hotel. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Defiance Hotel 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.