Microsectors Fang Index Etf Profile

FNGU Etf  USD 408.21  21.15  5.46%   


8 of 100


Odds Of Distress

Less than 9

MicroSectors FANG is selling for under 408.21 as of the 13th of June 2024; that is 5.46% increase since the beginning of the trading day. The etf's last reported lowest price was 396.43. MicroSectors FANG has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for MicroSectors FANG Index are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 14th of April 2024 and ending today, the 13th of June 2024. Click here to learn more.
The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. Microsectors Fang is traded on NYSEARCA Exchange in the United States. More on MicroSectors FANG Index

Moving together with MicroSectors Etf

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  0.83TECL Direxion Daily Technology Buyout TrendPairCorr

Moving against MicroSectors Etf

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  0.48CYB CYBPairCorr
  0.35GUSH Direxion Daily SPPairCorr
  0.34YCL ProShares Ultra YenPairCorr
  0.34FXY Invesco CurrencySharesPairCorr

MicroSectors Etf Highlights

Thematic Ideas
(View all Themes)
Business ConcentrationTheme ETFs, Strategy ETFs, Trading--Leveraged Equity, BMO Capital Markets (View all Sectors)
IssuerBank of Montreal
Inception Date2018-01-22
BenchmarkNYSE FANG+ Index
Entity TypeExchange-Traded Note
Average Trading Valume734,297.6
Asset TypeEquity
Market ConcentrationDeveloped Markets
RegionNorth America
Fiscal Year End31-Oct
ExchangeNYSE Arca, Inc.
Market MakerFlow Traders
Country NameUSA
Returns Y T D66.2
NameMicroSectors FANG Index 3X Leveraged ETN
Currency CodeUSD
Open FigiBBG00JSLPH24
In Threey Volatility90.22
1y Volatility63.78
200 Day M A252.44
50 Day M A331.3
Updated At12th of June 2024
Currency NameUS Dollar
In Threey Sharp Ratio0.45
MicroSectors FANG Index [FNGU] is traded in USA and was established 2018-01-22. The fund is listed under Trading--Leveraged Equity category and is part of BMO Capital Markets family. The entity is thematically classified as Theme ETFs. MicroSectors FANG Index currently have 530.56 M in assets under management (AUM). , while the total return for the last 3 years was 8.0%.
Check MicroSectors FANG Probability Of Bankruptcy

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on MicroSectors Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding MicroSectors Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as MicroSectors FANG Index Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top MicroSectors FANG Index Etf Constituents

AAPLApple IncStockInformation Technology
AMZNAmazon IncStockConsumer Discretionary
BABAAlibaba Group HoldingStockConsumer Discretionary
BIDUBaidu IncStockCommunication Services
FBMeta PlatformsStockInternet Content & Information
GOOGLAlphabet Inc Class AStockCommunication Services
NFLXNetflixStockCommunication Services
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MicroSectors FANG Top Holders

RHTXStarboard Investment TrustEtfTactical Allocation
RHRXStarboard Investment TrustEtfTactical Allocation
More Details

MicroSectors FANG Index Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. MicroSectors FANG market risk premium is the additional return an investor will receive from holding MicroSectors FANG long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in MicroSectors FANG. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although MicroSectors FANG's alpha and beta are two of the key measurements used to evaluate MicroSectors FANG's performance over the market, the standard measures of volatility play an important role as well.

MicroSectors FANG Against Markets

Additional Information and Resources on Investing in MicroSectors Etf

When determining whether MicroSectors FANG Index is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if MicroSectors Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Microsectors Fang Index Etf. Highlighted below are key reports to facilitate an investment decision about Microsectors Fang Index Etf:
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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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.