Formidable Fortress Etf Performance
| KONG Etf | USD 30.18 0.13 0.43% |
The etf shows a Beta (market volatility) of 0.64, which means possible diversification benefits within a given portfolio. As returns on the market increase, Formidable Fortress' returns are expected to increase less than the market. However, during the bear market, the loss of holding Formidable Fortress 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 Formidable Fortress ETF are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable basic indicators, Formidable Fortress is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
1 | Saudi Arabia approves first ETFs tracking Hong Kong-listed equities - South China Morning Post | 09/17/2024 |
2 | ETFs are the hottest new products in Hong Kongs roller-coaster rally - South China Morning Post | 11/05/2024 |
| In Threey Sharp Ratio | 0.37 |
Formidable |
Formidable Fortress Relative Risk vs. Return Landscape
If you would invest 2,856 in Formidable Fortress ETF on September 13, 2024 and sell it today you would earn a total of 162.00 from holding Formidable Fortress ETF or generate 5.67% return on investment over 90 days. Formidable Fortress ETF is currently generating 0.0897% in daily expected returns and assumes 0.6572% risk (volatility on return distribution) over the 90 days horizon. In different words, 5% of etfs are less volatile than Formidable, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Formidable Fortress Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formidable Fortress' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Formidable Fortress ETF, and traders can use it to determine the average amount a Formidable Fortress' 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 = 0.1365
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Estimated Market Risk
| 0.66 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Formidable Fortress is performing at about 10% 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 Formidable Fortress by adding it to a well-diversified portfolio.
Formidable Fortress Fundamentals Growth
Formidable Etf prices reflect investors' perceptions of the future prospects and financial health of Formidable Fortress, and Formidable Fortress 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 Formidable Etf performance.
| Return On Asset | 3.17 | |||
| Profit Margin | 13.49 % | |||
| Operating Margin | 11.61 % | |||
| Current Valuation | 235.61 M | |||
| Shares Outstanding | 45.39 M | |||
| Price To Earning | 19.58 X | |||
| Price To Book | 1.18 X | |||
| Price To Sales | 2.28 X | |||
| Revenue | 176.49 M | |||
| Cash And Equivalents | 165.3 M | |||
| Cash Per Share | 3.64 X | |||
| Total Debt | 9.06 M | |||
| Debt To Equity | 0.03 % | |||
| Cash Flow From Operations | 24.9 M | |||
| Total Asset | 22.98 M | |||
| Retained Earnings | 5.06 B | |||
| Current Asset | 9.34 B | |||
| Current Liabilities | 1.65 B | |||
About Formidable Fortress Performance
By analyzing Formidable Fortress' fundamental ratios, stakeholders can gain valuable insights into Formidable Fortress' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Formidable Fortress has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Formidable Fortress has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.| The fund maintains all of its assets in stocks |
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 Commodity Directory module to find actively traded commodities issued by global exchanges.
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.