Formidable ETF Financials
| FORH Etf | USD 22.18 0.17 0.76% |
Net Expense Ratio 0.0119 | 3 y Sharp Ratio (0.15) |
Formidable |
The data published in Formidable ETF's official financial statements typically reflect Formidable ETF'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 Formidable ETF's quantitative information. For example, before you start analyzing numbers published by Formidable accountants, it's essential to understand Formidable ETF's liquidity, profitability, and earnings quality within the context of the Formidable Funds space in which it operates.
Formidable ETF Etf Summary
Formidable ETF competes with Franklin Liberty, Alger Mid, Tidal ETF, and First Trust. Under normal market conditions, the fund seeks to meet its investment objective by investing primarily in equity securities, including common stocks, preferred stocks, related depository receipts, REITs, and other equity investments or ownership interests in business enterprises. Formidable ETF is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US26923N3061 |
| CUSIP | 26923N306 |
| Region | Global |
| Investment Issuer | Formidable Asset Management |
| Etf Family | Formidable Funds |
| Fund Category | Absolute Returns |
| Portfolio Concentration | Global Macro |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Formidable ETF Key Financial Ratios
Formidable Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Formidable ETF's current stock value. Our valuation model uses many indicators to compare Formidable ETF value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Formidable ETF competition to find correlations between indicators driving Formidable ETF's intrinsic value. More Info.Formidable ETF is one of the top ETFs in beta as compared to similar ETFs. It also is one of the top ETFs in one year return as compared to similar ETFs reporting about 7.50 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 Formidable ETF's earnings, one of the primary drivers of an investment's value.Formidable ETF Systematic Risk
Formidable ETF's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Formidable ETF 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 fourty-two with a total number of output elements of nineteen. The Beta measures systematic risk based on how returns on Formidable ETF correlated with the market. If Beta is less than 0 Formidable ETF generally moves in the opposite direction as compared to the market. If Formidable ETF Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Formidable ETF is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Formidable ETF is generally in the same direction as the market. If Beta > 1 Formidable ETF moves generally in the same direction as, but more than the movement of the benchmark.
About Formidable ETF Financials
What exactly are Formidable ETF Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Formidable ETF's income statement, its balance sheet, and the statement of cash flows. Potential Formidable ETF investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Formidable ETF investors may use each financial statement separately, they are all related. The changes in Formidable ETF's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Formidable ETF's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Formidable ETF Thematic Clasifications
Formidable ETF is part of several thematic ideas from Global Macro ETFs to Absolute Returns 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 IdeasFormidable ETF December 12, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Formidable ETF help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Formidable ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of Formidable ETF based on widely used predictive technical indicators. In general, we focus on analyzing Formidable Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Formidable ETF's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.6281 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.48 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.32 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Formidable ETF. 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. For more detail on how to invest in Formidable Etf please use our How to Invest in Formidable ETF guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of Formidable ETF is measured differently than its book value, which is the value of Formidable that is recorded on the company's balance sheet. Investors also form their own opinion of Formidable ETF's value that differs from its market value or its book value, called intrinsic value, which is Formidable ETF'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 Formidable ETF's market value can be influenced by many factors that don't directly affect Formidable ETF'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 Formidable ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Formidable ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formidable ETF'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.