Defiance Nasdaq 100 Etf Market Value
| QQQT Etf | 18.20 0.08 0.44% |
| 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.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Defiance Nasdaq on April 23, 2025 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 90 days. Defiance Nasdaq is related to or competes with JPMorgan Equity, Global X, Amplify CWP, Global X, JPMorgan Nasdaq, FT Cboe, and Main Buywrite. 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 | 1.11 | |||
| Information Ratio | 0.1329 | |||
| Maximum Drawdown | 5.13 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 2.28 |
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 | 0.2534 | |||
| Jensen Alpha | 0.1487 | |||
| Total Risk Alpha | 0.1222 | |||
| Sortino Ratio | 0.1272 | |||
| Treynor Ratio | 0.2939 |
Defiance Nasdaq 100 Backtested Returns
Defiance Nasdaq appears to be very steady, given 3 months investment horizon. Defiance Nasdaq 100 secures Sharpe Ratio (or Efficiency) of 0.36, which denotes the etf had a 0.36 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Defiance Nasdaq 100, which you can use to evaluate the volatility of the entity. Please utilize Defiance Nasdaq's Coefficient Of Variation of 369.51, mean deviation of 0.7217, and Downside Deviation of 1.11 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.94, 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 | 0.90 |
Excellent predictability
Defiance Nasdaq 100 has excellent predictability. Overlapping area represents the amount of predictability between Defiance Nasdaq time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 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 Nasdaq 100 price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Defiance Nasdaq price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
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 |
Thematic Opportunities
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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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.