Defiance Nasdaq 100 Etf Market Value
| QLDY Etf | 46.56 0.06 0.13% |
| Symbol | Defiance |
The market value of Defiance Nasdaq 100 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 Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is Defiance Nasdaq'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 Nasdaq's market value can be influenced by many factors that don't directly affect Defiance Nasdaq'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 Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if Defiance Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Defiance Nasdaq'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 Nasdaq '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 Nasdaq'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 Nasdaq.
| 07/28/2024 |
| 01/19/2026 |
If you would invest 0.00 in Defiance Nasdaq on July 28, 2024 and sell it all today you would earn a total of 0.00 from holding Defiance Nasdaq 100 or generate 0.0% return on investment in Defiance Nasdaq over 540 days. Defiance Nasdaq is related to or competes with GraniteShares, Tidal ETF, MicroSectors Solactive, Bitwise Funds, WisdomTree India, ETRACS 2xMonthly, and Direxion Shares. Defiance Nasdaq is entity of United States More
Defiance Nasdaq 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 Nasdaq'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 Nasdaq 100 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.36 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 1.58 |
Defiance Nasdaq Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Defiance Nasdaq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Defiance Nasdaq's standard deviation. In reality, there are many statistical measures that can use Defiance Nasdaq historical prices to predict the future Defiance Nasdaq's volatility.| Risk Adjusted Performance | 0.0045 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Defiance Nasdaq'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 Nasdaq 100 Backtested Returns
Defiance Nasdaq 100 secures Sharpe Ratio (or Efficiency) of -0.0327, which denotes the etf had a -0.0327 % return per unit of risk over the last 3 months. Defiance Nasdaq 100 exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Defiance Nasdaq's Mean Deviation of 0.8352, downside deviation of 1.2, and Coefficient Of Variation of 92458.83 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.99, which means possible diversification benefits within a given portfolio. Defiance Nasdaq returns are very sensitive to returns on the market. As the market goes up or down, Defiance Nasdaq is expected to follow.
Auto-correlation | 0.00 |
No correlation between past and present
Defiance Nasdaq 100 has no correlation between past and present. Overlapping area represents the amount of predictability between Defiance Nasdaq time series from 28th of July 2024 to 24th of April 2025 and 24th of April 2025 to 19th of January 2026. 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 Nasdaq 100 price movement. The serial correlation of 0.0 indicates that just 0.0% of current Defiance Nasdaq price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Defiance Nasdaq 100 lagged returns against current returns
Autocorrelation, which is Defiance Nasdaq 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 Nasdaq's etf expected returns. We can calculate the autocorrelation of Defiance Nasdaq returns to help us make a trade decision. For example, suppose you find that Defiance Nasdaq 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 Nasdaq 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 Nasdaq etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Defiance Nasdaq etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Defiance Nasdaq etf over time.
Current vs Lagged Prices |
| Timeline |
Defiance Nasdaq Lagged Returns
When evaluating Defiance Nasdaq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Defiance Nasdaq etf have on its future price. Defiance Nasdaq 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 Nasdaq autocorrelation shows the relationship between Defiance Nasdaq etf current value and its past values and can show if there is a momentum factor associated with investing in Defiance Nasdaq 100.
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 Nasdaq 100 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Defiance Nasdaq'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 Nasdaq 100 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Defiance Nasdaq 100 Etf:Check out Defiance Nasdaq Correlation, Defiance Nasdaq Volatility and Defiance Nasdaq Alpha and Beta module to complement your research on Defiance Nasdaq. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Defiance Nasdaq 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.