MicroSectors FANG Financials
| FNGO Etf | USD 91.56 0.51 0.55% |
Net Expense Ratio 0.0095 | 3 y Sharp Ratio 0.49 |
MicroSectors |
The data published in MicroSectors FANG's official financial statements typically reflect MicroSectors FANG's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving MicroSectors FANG's quantitative information. For example, before you start analyzing numbers published by MicroSectors accountants, it's essential to understand MicroSectors FANG's liquidity, profitability, and earnings quality within the context of the BMO Capital Markets space in which it operates.
MicroSectors FANG Etf Summary
MicroSectors FANG competes with MicroSectors FANG, Direxion Daily, MicroSectors FANG, and Direxion Daily. 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.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US0636798565 |
| CUSIP | 063679856 |
| Region | North America |
| Investment Issuer | Bank of Montreal |
| Etf Family | BMO Capital Markets |
| Fund Category | Strategy |
| Portfolio Concentration | Theme |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
MicroSectors FANG Key Financial Ratios
MicroSectors Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining MicroSectors FANG's current stock value. Our valuation model uses many indicators to compare MicroSectors FANG value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across MicroSectors FANG competition to find correlations between indicators driving MicroSectors FANG's intrinsic value. More Info.MicroSectors FANG Index is rated # 5 ETF in beta as compared to similar ETFs. It is rated # 4 ETF in one year return as compared to similar ETFs reporting about 48.48 of One Year Return per Beta. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the MicroSectors FANG's earnings, one of the primary drivers of an investment's value.MicroSectors FANG Index Systematic Risk
MicroSectors FANG's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. MicroSectors FANG volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on MicroSectors FANG Index correlated with the market. If Beta is less than 0 MicroSectors FANG generally moves in the opposite direction as compared to the market. If MicroSectors FANG Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one MicroSectors FANG Index is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of MicroSectors FANG is generally in the same direction as the market. If Beta > 1 MicroSectors FANG moves generally in the same direction as, but more than the movement of the benchmark.
MicroSectors FANG Thematic Clasifications
MicroSectors FANG Index is part of several thematic ideas from Strategy ETFs to Theme ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasMicroSectors FANG December 11, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of MicroSectors FANG help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of MicroSectors FANG Index. We use our internally-developed statistical techniques to arrive at the intrinsic value of MicroSectors FANG Index based on widely used predictive technical indicators. In general, we focus on analyzing MicroSectors Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build MicroSectors FANG's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.2114 | |||
| Maximum Drawdown | 13.03 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 4.55 |
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 closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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.