Defiance Daily Target Etf Market Value
| SOUX Etf | 34.47 0.95 2.83% |
| Symbol | Defiance |
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.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Defiance Daily on April 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 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 | 6.5 | |||
| Information Ratio | 0.3072 | |||
| Maximum Drawdown | 34.82 | |||
| Value At Risk | (11.71) | |||
| Potential Upside | 23.11 |
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 | 0.3097 | |||
| Jensen Alpha | 3.05 | |||
| Total Risk Alpha | 1.72 | |||
| Sortino Ratio | 0.4506 | |||
| Treynor Ratio | 57.83 |
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 is somewhat reliable given 3 months investment horizon. Defiance Daily Target secures Sharpe Ratio (or Efficiency) of 0.31, which denotes the etf had a 0.31 % return per unit of risk over the last 3 months. We are able to break down and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.91% are justified by taking the suggested risk. Use Defiance Daily Coefficient Of Variation of 310.63, mean deviation of 7.65, and Downside Deviation of 6.5 to evaluate company specific risk that cannot be diversified away. The etf shows a Beta (market volatility) of 0.0529, which means not very significant fluctuations relative to the market. As returns on the market increase, Defiance Daily's returns are expected to increase less than the market. However, during the bear market, the loss of holding Defiance Daily is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Defiance Daily Target has no correlation between past and present. Overlapping area represents the amount of predictability between Defiance Daily time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st 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 Daily Target price movement. The serial correlation of 0.0 indicates that just 0.0% of current Defiance Daily price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |