Defiance Ownership
| AIPO Etf | 22.70 0.03 0.13% |
Defiance | Build AI portfolio with Defiance Etf |
Defiance Etf Ownership Analysis
Defiance is is formed as Regulated Investment Company in the United States. ETF is managed and operated by Tidal ETF Services, LLC. The fund has 56 constituents across multiple sectors and instustries. The fund charges 0.69 percent management fee with a total expences of 0.69 percent of total asset. It is possible that Defiance AI Power etf was renamed or delisted.Sector Exposure (%)
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 , and the less return is expected.
Investment Allocations (%)
Top Etf Constituents
Pair Trading with Defiance
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving together with Defiance Etf
| 0.62 | VGT | Vanguard Information | PairCorr |
| 0.71 | XLK | Technology Select Sector Aggressive Push | PairCorr |
| 0.7 | IYW | iShares Technology ETF | PairCorr |
Moving against Defiance Etf
| 0.44 | SIXS | 6 Meridian Small | PairCorr |
| 0.35 | AMPD | Tidal ETF Services | PairCorr |
| 0.35 | SMLV | SPDR SSGA Small | PairCorr |
The ability to find closely correlated positions to Defiance 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 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 - 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 AI Power to buy it.
The correlation of Defiance 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Defiance AI Power 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 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Defiance AI Power. 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 Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of Defiance AI Power 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's value that differs from its market value or its book value, called intrinsic value, which is Defiance'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's market value can be influenced by many factors that don't directly affect Defiance'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Defiance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Defiance'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.