Formidable Etf Buy Hold or Sell Recommendation

FORH Etf  USD 23.04  0.47  2.00%   
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Formidable ETF is 'Hold'. Macroaxis provides Formidable ETF buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding FORH positions. The advice algorithm takes into account all of Formidable ETF's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Formidable ETF's buy or sell advice are summarized below:
Real Value
22.91
Hype Value
23.04
Market Value
23.04
Naive Value
22.82
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Formidable ETF given historical horizon and risk tolerance towards Formidable ETF. When Macroaxis issues a 'buy' or 'sell' recommendation for Formidable ETF, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Formidable ETF Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For more detail on how to invest in Formidable Etf please use our How to Invest in Formidable ETF guide.
In addition, we conduct extensive research on individual funds such as Formidable and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Formidable ETF. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Execute Formidable ETF Buy or Sell Advice

The Formidable recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Formidable ETF. Macroaxis does not own or have any residual interests in Formidable ETF or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Formidable ETF's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Formidable ETFBuy Formidable ETF
Hold

Market Performance

ModestDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Almost mirrors the marketDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Formidable ETF has a Risk Adjusted Performance of 0.0247, Jensen Alpha of (0.05), Total Risk Alpha of (0.09), Sortino Ratio of (0.05) and Treynor Ratio of 0.0209
Our investment recommendation module complements current analysts and expert consensus on Formidable ETF. It analyzes the entity potential to grow using all fundamental, technical, and market related data available at the time. Please confirm Formidable ETF one year return to decide if your Formidable ETF buy or sell deciscion is justified.

Formidable ETF Trading Alerts and Improvement Suggestions

Latest headline from news.google.com: The Late Dr. Kahnemans Lessons for ETF Investors - etf.com
The fund retains all of its assets under management (AUM) in equities

Formidable ETF Returns Distribution Density

The distribution of Formidable ETF's historical returns is an attempt to chart the uncertainty of Formidable ETF's future price movements. The chart of the probability distribution of Formidable ETF daily returns describes the distribution of returns around its average expected value. We use Formidable ETF price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Formidable ETF returns is essential to provide solid investment advice for Formidable ETF.
Mean Return
0.03
Value At Risk
-1.68
Potential Upside
1.69
Standard Deviation
0.98
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Formidable ETF historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Formidable ETF Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Formidable ETF or Formidable Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Formidable ETF's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Formidable etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.05
β
Beta against NYSE Composite1.11
σ
Overall volatility
0.97
Ir
Information ratio -0.05

Formidable ETF Volatility Alert

Formidable ETF has low volatility with Treynor Ratio of 0.02, Maximum Drawdown of 4.1 and kurtosis of -0.01. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Formidable ETF's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Formidable ETF's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Formidable ETF Fundamentals Vs Peers

Comparing Formidable ETF's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Formidable ETF's direct or indirect competition across all of the common fundamentals between Formidable ETF and the related equities. This way, we can detect undervalued stocks with similar characteristics as Formidable ETF or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Formidable ETF's fundamental indicators could also be used in its relative valuation, which is a method of valuing Formidable ETF by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Formidable ETF to competition
FundamentalsFormidable ETFPeer Average
One Year Return(0.10) %(0.97) %
Net Asset26.65 M2.29 B
Equity Positions Weight100.00 %52.82 %

Formidable ETF Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Formidable . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Formidable ETF Buy or Sell Advice

When is the right time to buy or sell Formidable ETF? Buying financial instruments such as Formidable Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Formidable ETF in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Most Shorted Equities Thematic Idea Now

Most Shorted Equities
Most Shorted Equities Theme
Dynamically calculated list of top equities currently trending upward via a buy-out by investors. The Most Shorted Equities theme has 0 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Most Shorted Equities Theme or any other thematic opportunities.
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When determining whether Formidable ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Formidable ETF's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Formidable Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Formidable Etf:
Check out Formidable ETF Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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.