Formidable Fortress Financials
| KONG Etf | USD 30.18 0.13 0.43% |
Net Expense Ratio 0.0089 | 3 y Sharp Ratio 0.37 |
Formidable |
The data published in Formidable Fortress' official financial statements typically reflect Formidable Fortress' 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 Fortress' quantitative information. For example, before you start analyzing numbers published by Formidable accountants, it's essential to understand Formidable Fortress' liquidity, profitability, and earnings quality within the context of the Formidable Funds space in which it operates.
Formidable Fortress Etf Summary
Formidable Fortress competes with Sonida Senior, The9, VanEck Vectors, and Nine Energy. Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts, real estate investment trusts , and other equity investments or ownership interests in business enterprises. Opportunities Formidable is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US26923N5041 |
| CUSIP | 26923N504 |
| Region | Global |
| Investment Issuer | Formidable Asset Management |
| Location | Virginia; U.S.A |
| Business Address | Beijing, |
| Etf Family | Formidable Funds |
| Fund Category | Broad Equity |
| Portfolio Concentration | Strategy |
| Benchmark | Dow Jones Industrial |
| Website | www.kongzhong.com |
| Phone | NA |
| Currency | USD - US Dollar |
Formidable Fortress Key Financial Ratios
Formidable Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Formidable Fortress's current stock value. Our valuation model uses many indicators to compare Formidable Fortress value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Formidable Fortress competition to find correlations between indicators driving Formidable Fortress's intrinsic value. More Info.Formidable Fortress ETF is considered the top ETF in price to earning as compared to similar ETFs. It also is considered the top ETF in price to book as compared to similar ETFs fabricating about 0.06 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Formidable Fortress ETF is roughly 16.59 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Formidable Fortress by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Formidable Fortress ETF Systematic Risk
Formidable Fortress' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Formidable Fortress 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 Fortress ETF correlated with the market. If Beta is less than 0 Formidable Fortress generally moves in the opposite direction as compared to the market. If Formidable Fortress Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Formidable Fortress ETF is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Formidable Fortress is generally in the same direction as the market. If Beta > 1 Formidable Fortress moves generally in the same direction as, but more than the movement of the benchmark.
About Formidable Fortress Financials
What exactly are Formidable Fortress 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 Fortress' income statement, its balance sheet, and the statement of cash flows. Potential Formidable Fortress investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Formidable Fortress investors may use each financial statement separately, they are all related. The changes in Formidable Fortress's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Formidable Fortress'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 Fortress Thematic Clasifications
Formidable Fortress ETF is part of several thematic ideas from Strategy ETFs to Broad Equity 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 Fortress December 12, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Formidable Fortress help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Formidable Fortress ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of Formidable Fortress 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 Fortress's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.5983 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.52 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 1.19 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Formidable Fortress 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 board of governors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of Formidable Fortress 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 Fortress' value that differs from its market value or its book value, called intrinsic value, which is Formidable Fortress' 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 Fortress' market value can be influenced by many factors that don't directly affect Formidable Fortress' 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 Fortress' value and its price as these two are different measures arrived at by different means. Investors typically determine if Formidable Fortress is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formidable Fortress' 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.