Defiance Daily Target Etf Market Value
| SMCX Etf | 21.99 3.13 12.46% |
| Symbol | Defiance |
The market value of Defiance Daily Target 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 Daily's value that differs from its market value or its book value, called intrinsic value, which is Defiance Daily'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 Daily's market value can be influenced by many factors that don't directly affect Defiance Daily'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 Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Defiance Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Defiance Daily'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 Daily '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 Daily'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 Daily.
| 01/22/2025 |
| 04/22/2025 |
If you would invest 0.00 in Defiance Daily on January 22, 2025 and sell it all today you would earn a total of 0.00 from holding Defiance Daily Target or generate 0.0% return on investment in Defiance Daily over 90 days. Defiance Daily is related to or competes with Innovator Equity, Innovator Equity, Innovator Growth, and Innovator Equity. Defiance Daily is entity of United States More
Defiance Daily 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 Daily'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 Daily Target upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.27 | |||
| Information Ratio | 0.042 | |||
| Maximum Drawdown | 67.07 | |||
| Value At Risk | (23.45) | |||
| Potential Upside | 26.77 |
Defiance Daily Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Defiance Daily's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Defiance Daily's standard deviation. In reality, there are many statistical measures that can use Defiance Daily historical prices to predict the future Defiance Daily's volatility.| Risk Adjusted Performance | 0.0573 | |||
| Jensen Alpha | 0.3942 | |||
| Total Risk Alpha | 2.14 | |||
| Sortino Ratio | 0.0468 | |||
| Treynor Ratio | (1.97) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Defiance Daily'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 Daily Target Backtested Returns
Defiance Daily Target secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the etf had a close to zero % return per unit of risk over the last 3 months. Defiance Daily Target exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Defiance Daily's Downside Deviation of 13.27, coefficient of variation of 3318.73, and Mean Deviation of 11.57 to check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Defiance Daily are expected to decrease at a much lower rate. During the bear market, Defiance Daily is likely to outperform the market.
Auto-correlation | -0.62 |
Very good reverse predictability
Defiance Daily Target has very good reverse predictability. Overlapping area represents the amount of predictability between Defiance Daily time series from 22nd of January 2025 to 8th of March 2025 and 8th of March 2025 to 22nd of April 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 Daily Target price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Defiance Daily price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 91.67 |
Defiance Daily Target lagged returns against current returns
Autocorrelation, which is Defiance Daily 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 Daily's etf expected returns. We can calculate the autocorrelation of Defiance Daily returns to help us make a trade decision. For example, suppose you find that Defiance Daily 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 Daily 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 Daily etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Defiance Daily etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Defiance Daily etf over time.
Current vs Lagged Prices |
| Timeline |
Defiance Daily Lagged Returns
When evaluating Defiance Daily's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Defiance Daily etf have on its future price. Defiance Daily 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 Daily autocorrelation shows the relationship between Defiance Daily etf current value and its past values and can show if there is a momentum factor associated with investing in Defiance Daily Target.
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 Daily Target offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Defiance Daily'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 Daily Target Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Defiance Daily Target Etf:Check out Defiance Daily Correlation, Defiance Daily Volatility and Defiance Daily Alpha and Beta module to complement your research on Defiance Daily. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Defiance Daily 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.