Defiance Daily Profitability Analysis
Based on the key profitability measurements obtained from Defiance Daily's financial statements, Defiance Daily's profitability may be sliding down. It has an above-average likelihood of reporting lower numbers next quarter. Profitability indicators assess Defiance Daily's ability to earn profits and add value for shareholders.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.
For Defiance Daily profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Defiance Daily to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Defiance Daily Target utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Defiance Daily's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Defiance Daily Target over time as well as its relative position and ranking within its peers.
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PLU fundamentals not found
We are unable to locate Defiance Daily Target indicator at this time.
If you believe the indicator you are trying to look up is valid, please let us know, and we will check it out. Check all delisted instruments across multiple markets.| Symbol | PLU |
| Name | Defiance Daily Target |
| Type | Etf |
| Country | United States |
| Exchange | NASDAQ |
Indicator Description
We cannot locate any information for this view at this time. Please try again later!Other Suggestions
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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.
Use Defiance Daily in pair-trading
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 Daily 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 Daily will appreciate offsetting losses from the drop in the long position's value.Defiance Daily Pair Trading
Defiance Daily Target Pair Trading Analysis
The ability to find closely correlated positions to Snap On could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snap On 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 Snap On - 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 Snap On to buy it.
The correlation of Snap On 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 Snap On moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snap On 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 Snap On 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.Use Investing Themes to Complement your Defiance Daily position
In addition to having Defiance Daily in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Hedge Favorites Thematic Idea Now
Hedge Favorites
Hedge Funds pool capital from accredited individuals or institutional investors and invest in a variety of assets, often with complex portfolio-construction and risk-management techniques. The Hedge Favorites theme has 32 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Hedge Favorites Theme or any other thematic opportunities.
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Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Other Tools for Defiance Etf
When running Defiance Daily's price analysis, check to measure Defiance Daily's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Defiance Daily is operating at the current time. Most of Defiance Daily's value examination focuses on studying past and present price action to predict the probability of Defiance Daily's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Defiance Daily's price. Additionally, you may evaluate how the addition of Defiance Daily to your portfolios can decrease your overall portfolio volatility.
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