Defiance Large Cap Etf Market Value
| XMAG Etf | 20.53 0.12 0.58% |
| Symbol | Defiance |
The market value of Defiance Large Cap 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 Large's value that differs from its market value or its book value, called intrinsic value, which is Defiance Large'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 Large's market value can be influenced by many factors that don't directly affect Defiance Large'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 Large's value and its price as these two are different measures arrived at by different means. Investors typically determine if Defiance Large is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Defiance Large'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 Large '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 Large'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 Large.
| 12/03/2024 |
| 02/01/2025 |
If you would invest 0.00 in Defiance Large on December 3, 2024 and sell it all today you would earn a total of 0.00 from holding Defiance Large Cap or generate 0.0% return on investment in Defiance Large over 60 days. Defiance Large is related to or competes with FT Vest, Northern Lights, Dimensional International, First Trust, EA Series, FT Cboe, and FT Cboe. More
Defiance Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7658 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.38 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.13 |
Defiance Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Defiance Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Defiance Large's standard deviation. In reality, there are many statistical measures that can use Defiance Large historical prices to predict the future Defiance Large's volatility.| Risk Adjusted Performance | 0.0505 | |||
| Jensen Alpha | 0.0283 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.305 |
Defiance Large Cap Backtested Returns
At this point, Defiance Large is very steady. Defiance Large Cap secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the etf had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Defiance Large Cap, which you can use to evaluate the volatility of the entity. Please confirm Defiance Large's Downside Deviation of 0.7658, coefficient of variation of 1626.39, and Mean Deviation of 0.5439 to check if the risk estimate we provide is consistent with the expected return of 0.0906%. The etf shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, Defiance Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Defiance Large is expected to be smaller as well.
Auto-correlation | -0.87 |
Excellent reverse predictability
Defiance Large Cap has excellent reverse predictability. Overlapping area represents the amount of predictability between Defiance Large time series from 3rd of December 2024 to 2nd of January 2025 and 2nd of January 2025 to 1st of February 2025. 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 Large Cap price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Defiance Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Defiance Large Cap lagged returns against current returns
Autocorrelation, which is Defiance Large 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 Large's etf expected returns. We can calculate the autocorrelation of Defiance Large returns to help us make a trade decision. For example, suppose you find that Defiance Large 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 Large 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 Large etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Defiance Large etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Defiance Large etf over time.
Current vs Lagged Prices |
| Timeline |
Defiance Large Lagged Returns
When evaluating Defiance Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Defiance Large etf have on its future price. Defiance Large 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 Large autocorrelation shows the relationship between Defiance Large etf current value and its past values and can show if there is a momentum factor associated with investing in Defiance Large Cap.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
| EBR | Centrais Electricas Brasileiras | |
| HE | Hawaiian Electric Industries | |
| VFC | VF Corporation | |
| BVHMF | Vistry Group PLC | |
| S | SentinelOne |
Check out Defiance Large Correlation, Defiance Large Volatility and Defiance Large Alpha and Beta module to complement your research on Defiance Large. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Defiance Large 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.