Defiance Next Gen Etf Profile
| HDRO Etf | USD 37.07 0.69 1.90% |
Performance1 of 100
| Odds Of DistressLess than 9
|
Defiance Next is selling at 37.07 as of the 28th of November 2024; that is 1.90 percent increase since the beginning of the trading day. The etf's open price was 36.38. Defiance Next has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Defiance Next Gen are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
The index is a rules-based index that tracks the performance of a group of globally listed equity securities of companies involved in the development of hydrogen-based energy sources and fuel cell technologies. ETF Series is traded on NYSEARCA Exchange in the United States. More on Defiance Next Gen
Moving against Defiance Etf
Defiance Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Energy ETFs, Equity Energy, Defiance ETFs (View all Sectors) |
| Issuer | Defiance ETFs |
| Inception Date | 2021-03-09 |
| Benchmark | BlueStar Hydrogen & NextGen Fuel Cell Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 20.34 Million |
| Asset Type | Equity |
| Category | Sector |
| Focus | Energy |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Defiance ETFs, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Dustin Lewellyn, Ernesto Tong, Anand Desai |
| Transfer Agent | U.S. Bancorp Fund Services, LLC |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 31.0 |
| Market Maker | Jane Street |
| Total Expense | 0.3 |
| Management Fee | 0.3 |
| Country Name | USA |
| Returns Y T D | (29.5) |
| Name | Defiance Next Gen H2 ETF |
| Currency Code | USD |
| Open Figi | BBG00ZL76DX2 |
| In Threey Volatility | 42.46 |
| 1y Volatility | 41.84 |
| 200 Day M A | 39.5839 |
| 50 Day M A | 35.1327 |
| Code | HDRO |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (1.23) |
Defiance Next Gen [HDRO] is traded in USA and was established 2021-03-09. The fund is listed under Equity Energy category and is part of Defiance ETFs family. The entity is thematically classified as Sector ETFs. Defiance Next Gen currently have 38.44 M in assets under management (AUM). , while the total return for the last 3 years was -41.1%.
Check Defiance Next Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
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 Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Defiance Next Gen Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Defiance Next Gen Currency Exposure
Defiance Next Gen holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Defiance Next will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Defiance Next Gen.
Top Defiance Next Gen Etf Constituents
| GREENH | Green Hydrogen Systems | Stock | Utilities-Renewable | |
| LIN | Linde plc Ordinary | Stock | Materials | |
| AI | Air Liquide SA | Stock | Chemicals | |
| ITM | ITM Power | Stock | Industrials | |
| APD | Air Products and | Stock | Materials | |
| QC8 | AFC Energy plc | Stock | Other | |
| BE | Bloom Energy Corp | Stock | Industrials | |
| 336260 | Doosan Fuel Cell | Stock | Electrical Equipment & Parts |
Defiance Next Gen Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Defiance Next. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 0.2754 |
Defiance Next Against Markets
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Defiance Next Gen. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of Defiance Next Gen 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 Next's value that differs from its market value or its book value, called intrinsic value, which is Defiance Next'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 Next's market value can be influenced by many factors that don't directly affect Defiance Next'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 Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if Defiance Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Defiance Next'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.