Microsectors Fang Index Etf Performance
FNGO Etf | USD 61.34 1.44 2.40% |
The etf secures a Beta (Market Risk) of 0.006, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MicroSectors FANG's returns are expected to increase less than the market. However, during the bear market, the loss of holding MicroSectors FANG is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in MicroSectors FANG Index are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of very uncertain technical and fundamental indicators, MicroSectors FANG may actually be approaching a critical reversion point that can send shares even higher in June 2024. ...more
1 | How to Take Advantage of moves in - Stock Traders Daily | 05/01/2024 |
In Threey Sharp Ratio | 0.39 |
MicroSectors |
MicroSectors FANG Relative Risk vs. Return Landscape
If you would invest 5,818 in MicroSectors FANG Index on February 15, 2024 and sell it today you would earn a total of 315.50 from holding MicroSectors FANG Index or generate 5.42% return on investment over 90 days. MicroSectors FANG Index is currently generating 0.1266% in daily expected returns and assumes 2.9594% risk (volatility on return distribution) over the 90 days horizon. In different words, 26% of etfs are less volatile than MicroSectors, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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MicroSectors FANG Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MicroSectors FANG's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as MicroSectors FANG Index, and traders can use it to determine the average amount a MicroSectors FANG's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0428
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Estimated Market Risk
2.96 actual daily | 26 74% of assets are more volatile |
Expected Return
0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average MicroSectors FANG is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of MicroSectors FANG by adding it to a well-diversified portfolio.
MicroSectors FANG Fundamentals Growth
MicroSectors Etf prices reflect investors' perceptions of the future prospects and financial health of MicroSectors FANG, and MicroSectors FANG fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on MicroSectors Etf performance.
Total Asset | 80.58 M | |||
About MicroSectors FANG Performance
To evaluate MicroSectors FANG Index Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when MicroSectors FANG generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare MicroSectors Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand MicroSectors FANG Index market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents MicroSectors's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. Microsectors Fang is traded on NYSEARCA Exchange in the United States.Latest headline from news.google.com: How to Take Advantage of moves in - Stock Traders Daily | |
The fund retains all of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in MicroSectors FANG Index. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the MicroSectors FANG Index information on this page should be used as a complementary analysis to other MicroSectors FANG's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of MicroSectors FANG Index is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors FANG's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors FANG'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 MicroSectors FANG's market value can be influenced by many factors that don't directly affect MicroSectors FANG'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 MicroSectors FANG's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors FANG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors FANG'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.